Im going to switch my money in my investment plan to a traditional ira account is this a good move?

You've left out some critical information for anyone to be able to give you advice other than off the cuff and opinionated statements. A financial adviser would ask you your age, financial goals, how aggressive you want to make, etc. By the phrasing of your question it appears you should either read up on investing or consult a financial counselor. Getting opinions off the internet from financial novices or perhaps a knowledgeable source lacking information is asking for a critical mistake in your investing plans. I'd get some advice from a professional.

yh

Holy same thing Batman

That depends. What is the current "investment plan"?

depends what it was in. you should be putting it into a roth ira. you'll pay taxes now, but you'll end up collecting all of your interest later. in a traditional ira, you'll not only have to pay taxes on all the money you invest, but you will have to pay taxes on all the interest you've earned when you start taking it out.

One word:DIVERSIFICATION.
Never put all you money in one basket. Take a large chunk and put it in a safe, insured account and deposit a smaller amount in a higher interest paying account. Be sure to know beforehand all the rules, fees, and penalties associated with early withdrawl.

Not enough details.. what kind of investment plan? Are you rolling over an account into an ira due to termination?
If that's the reason then you're doing the right thing.
If your just doing it to fund your IRA that's still good. The traditional IRA gives you a tax deduction in the year you put it in. You will need to pay taxes on it as you start using it at retirement.