You have time but don't get caught . at the very least get a Roth IRA or an IRA of any sort. Once you get straightened out you can play w/ the final account. DO NOT give that money up no how to Uncle!! You are actually being taxed twice when you pull out and pay the 20%, do hot give to Uncle!

Corey,
I can understand the thought of putting the money into a new employer's 401K as it keeps all your money in one place. BUT, that's like having all your eggs in one basket, not always the best thing to do. Think about this, most 401K's have anywhere from 4 or 5 investment choices to maybe a few dozen. The investment choices are generaly good but limited to what the investment firm that manages it chose. In a self directed IRA with a company like Schwab or T Rowe Price or one of the others mentioned above you have thousands of choices and can, with help, find the ones that best match your investing needs and requirements. There is no law that says you have to keep this money in a 401K, jaut that it needs to be rolled over into a qualified account to maintain the tax status of the money. Good luck with your investing and with your job hunt.