@DanaB27 : thanks a bunch for your comprehensive response.
1.) If I transfer my funds from the Rollover IRA account to my current employer's 401K account, it has limited investment options. I will check with my colleagues here today.
2.) Regarding returning $6K from Traditional IRA account to my personal investment account, fidelity recommended me to complete "Return of excess funds distribution form" for explanation for reporting to IRA, so that I won't be taxed on this transaction. Hoping it works.
On a side note: I do need to google about SEP/SIMPLE IRAs.
Best,
Gulsheen
