There are three types of IRA plans- Traditional IRA, Roth IRA, and Rollover IRA. All the three types of IRA plans have different set of rules for investment.

When switching jobs, you may have the option of leaving your 401(k) account with your old employer, or you may be required to move it to another account. This may be based on your employer's policy or the amount that is currently in your 401(k). If you are required to move it, then you should roll it into an IRA. It is best if you roll it into the

You have 60 days from the date you receive an IRA or retirement plan distribution to roll it over to another plan or IRA. The IRS may waive the 60-day rollover requirement in certain situations if you missed the deadline because of circumstances beyond your control.