This is a question for anyone who can provide some guidance.

I have just resigned from my government job and have a fund of money to park. This money was in a tax deferred account. Do I place this into a new IRA? Do I put the money in an existing IRA? Thanks for your assistance.

Greetings, Hlandau, and welcome. You asked:

<<I have just resigned from my government job and have a fund of money to park. This money was in a tax deferred account. Do I place this into a new IRA? Do I put the money in an existing IRA? >>

Assuming this is not 457 plan money, then you may do either to continue the tax deferral on qualified plan proceeds. However, to ensure you retain eligibility to later transfer that money to a new employer's plan of the same type, then you should put it into a separate IRA and add nothing else to it. This is called a rollover, or "conduit" IRA. For details, see the IRA discussion in my Retirement Plan Primer at http://www.fool.com/Retirement/Retirement.htm and in our IRA area at http://www.fool.com/Money/AllAboutIRAs/AllAboutIRAs.htm.

Regards..Pixy