Re: 401k and IRA question.

Thanks for the replies, its helpful!

I am a little confused about when the term "rollover" is used in the
context of an IRA.  The term seems to be used as verb and a noun.  For
instance, if money is rolled over into a traditional IRA account,
would this account now be considered a "rollover IRA account"?  Or
would the account still be considered an IRA account that tax deferred
money (from a 401k) got "rolled over" into it?

Also PeterL mentioned about rolling over a 401k into a rollover IRA in
this thread thru Fidelity, which I also have mine in.  But he never
mentioned that if this was a direct
transfer.  If it wasn't a direct transfer what risk or loss if any
resulted?

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