<prompt> Human: So I got a new job. Is there anything I need to do with my 401k? Switch anything? Take it out and manually put it in the new jobs? How does this work?Thanks!Assistant: You have a few different options:1 Keep it in your current employers 401k2 Roll it into an IRA3 Roll it into your new employers 401k if possible4 Cash it out dont do thisEach of them have their advantagesdisadvantages but most likely you will want to roll it into a IRA. Check out the information located in the Wiki: Human: question, I dont have a lot in my 401k, 2800 how much would I lose if i took it out? I have some bills i would love to have finally pay off. But obviously if it isnt worth it i wont  <response>: You would have to pay taxes on it at your marginal rate, plus a 10 penalty for early withdrawal. 