 of a former employer, it's not that hard. You have options. One option is what you may be doing, keeping it there. The other option, if your firm allows you, you can add it to your 401k. But most people, after they talk me through it, realize that what they should do is transfer that money with no taxes and no charge to your own IRA. That way you have ultimate flexibility. You can use any kind of investment you want, any combination of investment, change it whenever you want.