<prompt> Human: Ive been working full time for the past 2.5 years at a job with nice benefits, among those is a 401k. I have a little over 5,000 currently in the 401k.I know one option is to cash-out with large penalties, I am not interested in that option as I dont need the money currently. I am looking to further saveinvest the funds - what are my options?  <response>: Next year, rollover to an IRA and then do a Roth conversion. This will be taxed at your new lower tax rate, and then grow tax free until retirement. And if you have an IRA this would be a good time to convert to a Roth as well. 