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What's a Rollover IRA mean in this case? and how is it different from a traditional IRA? (I've had some trouble searching for this answer on my own, since I always find info on roth vs. traditional and I already know that distinction.)

I believe this site's answer is pretty thorough and should answer your Rollover IRA vs Traditional IRA questions:

Also, I'd be glad to discuss my chice of BrownCo as a place to have the IRA. I plan to make very strighforward "Coffeehouse" investment choices along the lines of low-cost index funds such as Vanguard S&P 500 and total market index.

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