<prompt> Human: My sister had a 401k from Walmart when she worked there. She wants to roll it into her new employers 401k, but she cant for another 2 months. Walmart wont keep her 401k, and she doesnt want to cash in the fund obv. I told her to open a 401k of her own until she can put it in her company sponsored one. Is this the correct way to go, and if so, where should she make a 401k for a temporary basis?Thanks.Edit: Hey guys, thanks a lot. I appreciate the advice. I knew shed have to roll it over into and IRA or 401k. Good to know an individual cant open a 401k. I think well do it at Vanguard, as thats where I have my IRA. Keep commenting if you like, but I think I have enough answers. Keep your stick on the ice.  <response>: You can roll a 401k over into an IRA without penalty, and that would be the better approach as she would have full control over it.Open an IRA somewhere Vanguard, Schwab, your own bank, whatever and do the rollover there. Check the wiki for suggested investments. 