<prompt> Human: I was working for a company for over a year and I left a few months back. I was contributing to my 401K every paycheck but didnt think much of it when I left. Now Ive been sent a check from my 401KFidelity. Im unsure of what to do with it because its the first time Ive quit from any job. The ammount on the check is about half a grand and it has had state and federal taxes taken from it on the paystub. Could I just cash this in or put it in another 401KIRA?  <response>: Best to roll it over to an IRA this needs to be completed no later than 60 days from the date the check was issued to you. However, to fully avoid taxes and penalties, the amount you deposit into the IRA needs to be the original amount that came out of the 401k... in other words, you will need to use other money to make up the difference of the taxes that have been withheld. If you do this correctly, you will get those withheld taxes back as part of your refund when you file your tax return for this year. 