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Hi All and Happy Holidays!!!

Currently, I have XOM, GE, KO, INTC & MO (waiting for INTC & MO to be established through Temper of the Times). I just rolled over my 401K into a Rollover IRA with Vanguard (VFINX). I spoke with my mom's financial advisor. He recommended that I consider transferring the Rollover IRA into a ROTH for tax purposes (which I am considering) at the beginning of the year.

My one question, since I already have an IRA established, should I open a ROTH IRA account (with Vanguard or Discount Brokerage Firm and if I do open the ROTH account, what should I consider investing in? I was considering SPY, but I have since changed my mind.

Just some info - 27yr old full time law school student, no income (mom pays for the majority of my expenses) probably will have some source of income this summer, hopefully.

Thanks for the suggestion and advice.

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