What types of investments are considered "rollovers"?

I am age 62 and taking out my 401K. I have the option to rollover a portion and take out a portion as cash.
What types of investments are considered "rollovers".
Does the investment need to have IRA in the title? like IRA-CD or can it just be a CD or money market bank account?

Whatever you roll over needs to be in a qualified retirement account--in your case, most likely an IRA. Keep in mind that once you reach 70 1/2 you are required to take distributions from your IRA so don't put a ton in there if you won't need it. (which surprisingly is the case with many people-wish I had that problem)

check with a trusted financial planner.

Needs to have the IRA in it and be governed by the same rules so you can avoid the tax and penalty if that applies before age 65.

You have the option to roll all of it over into an IRA or spend it all,, but you will pay a bunch of tax if you don't roll it over.
An IRA could be invested in stocks, cd's, bonds, etc. with a brokerage firm or bank as examples..

roll over is into another retirement account to prevent being taxed on it all till it is needed. Check with your bank on accounts that qualify.

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