Hi PFC! I had a quick question. I rolled my old 401K into a rollover IRA. From here I can buy a target index fund and that’s that, right? Seems so easy it’s too easy? I want to make sure I’m not missing anything.
What is the difference between a Rollover IRA and my regular brokerage account? Or can you direct me to a previous post or link or any source/an IG post I might’ve missed that explains this?
Yes! You can buy a TDIF once the money gets rolled over to your rollover IRA.
A rollover IRA is a type of traditional IRA, meaning that the contributions are not taxed. As opposed to a brokerage account which doesn’t have any tax break.
Also, if you have a new 401k, you may also be able to roll over your rollover IRA money into your new 401k. (:
Thank you Vivi for your response 
Are you able to split the rollover IRA to have some move over to a current 401K and leaving the rest?
Hi Stacy,
I’m not totally sure, but I imagine that you can. But may I ask why you would want to do that?
I was just curious! Thank you for your response though!