Hello,

I wasn't able to find this in the FAQ, sorry if I missed it.

I'm extremely green, so sorry for my ignorance up front.

I had a rollover IRA in Fidelity that was just sitting there, about 5k. I decided to move it over to vangaurd. I thought by transferring it, I would be moving it into a traditional IRA, and I could select some funds and leave it alone. But once it finished transferring, it's still in a rollover.

I'm worried about buying funds with the money and accidentally creating some kind of tax liability. Does anyone have any guides that kind of explain what this rollover IRA is and how to turn it into a regular IRA etc..?

Thank you