Relevant info is much appreciated.
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There's typically one "stable value" fund offering/choice for an investment option in a 401k, which the funds in your 401k can be transferred to, so that the value doesn't fluxuate with stock market changes.
Yes. Put everything into the stable value, or money market fund and let it ride there until you can roll it into an IRA. Cash is king right now as stocks are in a recession and could easily go much lower (which means, if you have cash, there will be some great bargains. )