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You cant contribute any longer, once you leave the current employer, but the 401k can stay in their plan. It's not bad advice to leave it as it is until you get settled and learn more about your options. A simple call/web lookup to the fund house of your choice, Vanguard, T Rowe Price... will give you all the info you need to make a simple 401k-IRA conversion.
Once you figure out what you want to invest in look for low fees. Simple.
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