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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Do it on the phone with Vanguard or Fidelity, not on your own.  You're going to end up with the money in a Rollover IRA, not a Traditional IRA, so if you open a traditional IRA first you'll have an empty IRA sitting around when you're done.[/quote]

They hold your hand through this whole thing on the Vanguard site. The Rollover IRA is just to "catch" the incoming rollover funds. [b]Then you disburse from the Rollover IRA into your target account, the Traditional IRA.[/b][/quote]

You keep any investments that were ever ERISA-protected separate from those that were not, because investments that were ever ERISA-protecteed has bankruptcy protection that it would not have if commingled.

https://www.mesirow.com/wealth-knowledge-center/retirement-accounts-provide-protection-against-creditors

I've had the same "rollover" IRA at Vanguard for 12 years. I have rolled into it, back out of it, and into it again during that time. It is a traditional IRA by default. It contains nothing other than investments that were, at some point, ERISA-protected.[/quote]

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