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REDDIT

Leaving my job. What to do with 401K?

P
Oct 10, 2025 · 18:58

I'm leaving my employment. I don't have much in the 401K (under 30k). I'm considering not transferring it and taking the money and paying off some debt. I'm a 100% service Connected veteran so I believe the 10% penalty can be waived. I'll be out of work for some time.

If I was to transfer the 401k to an IRA, where would you recommend? If I don't have an intention of contributing, what would you do?