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Good morning! Happy Monday!
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Is it traditional or Roth? If Roth I would roll it into an Ira. Do you contribute to a Roth IRA? Do you use a backdoor Roth or expect to in the future? If you use or may use backdoor Roth, I would not roll a traditional 401k into a Ira.
If it is traditional I would be inclined to just roll it into the new plan if it has good investment options.
You can also open a rollover IRA which will allow you to invest in whatever you want.
403bs can be rough, the money put into it is taxed in new Jersey