Job changed. question on 401K to rollover account

Aug 28, 2021 5 Comments

I recently moved to a new employer, my 401K $ value was transferred to rollover IRA account.

What does it mean?
what happens to my 401K account?
how is it different to 401K account, both are in fidelity?
Can I just buy stock from it and let it grow long term?

yoe 5.5
TC: 255K

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