The only stupid question is the one not asked. :)
The FIOS web site will probably be a better help with your modem, since I am talking abouts modems in general...
But, in answer to your other questions
[Bob Cole] "How does it "point to the modem"? Does this mean the IP for the modem?"
Yes, I am referring to the modem IP. The modem will pass IP packets through to the router and vice versa. So they need to know how to find each other.
[Bob Cole] "I'm intending to connect a gigabit switch to the router - is that okay to have one static IP?"
Yes. I would suggest to give your NG router a local static IP on your local LAN side. In the setup for Netgear (I am using a different NG router) you should be able to give it a static IP. The switch does not require any IP because it is just a switch - it just moves packages along the network and keeps packages from running into each other.
[Bob Cole] "I'm a little confused about the multiple IP addresses. I understand that I only get one from FIOS??"
Yes. You will only have one IP address for your FIOS. This is why I say to set up your router as a DHCP server for your local network. The DHCP server will assign IP addresses to the local computers connecting to your network. That is unless you have a server set up as a DHCP server, such as a Windows Server.
Here's a link for some basic understanding of your hardware:
http://www.windowsnetworking.com/articles_tutorials/Networking-Basics-Part1...
Parts 1 and 2 would be what you want.
Good Luck! TC