<prompt> Human: Im a 24 year old grad student, generally not too savvy about finances and saving money. Anyways, I have about 2000 - 3000 saved up in a 401k from my current employer.Im going to quit that job soon to focus on school and to work as a TA, but I want to keep that money in a 401k type savings account.I dont know much rolling over 401ks or IRAs so I dont know what the best option is. What would yall advise?  <response>: It is super easy to do and will require you to only do a few things- Pick a brokerage like Vanguard or Schwab- Fill out a form giving them permission to roll over your 401kAnd they take care of the rest!A few things to consider here if you will suddenly be going to no, or very low, income. If you roll over a 401k into a traditional IRA, you will pay no income taxes on the transfer and no fees of any other kind, all the money will grow tax free, but when you take the money out you will have to pay income taxes on all withdrawals.But if you roll over into a Roth IRA, you will pay income taxes now, the money will grow tax free, and when you withdraw money it will not be taxed in any form.Since you are shortly going to be going from employed to jobless, it may be better to roll it over into a Roth IRA and pay the income taxes now. It seems unlikely that there will be any income taxes on the 3k plus some TA work money. But this nearly no tax Roth IRA rollover will have to be done during a calender year where you have no or low income. So if you can wait to rollover the money until January, it may benefit you, as long as your current 401k plan allows you to stay in it until then. 