There is no such 1% fee.AudrinaBurgess wrote: ↑Wed Mar 27, 2024 5:23 pm I think Robinhood's new 3% IRA match presents an interesting proposition, especially for those looking to minimize expenses when managing their portfolio. Earning a 3% return on investment within an IRA seems attractive given current market conditions. However, it is worth considering not only the advantages, but also the possible disadvantages of this proposal. Also, having a $1,000 interest margin and a 1% fee when transferring money to Robinhood may influence your decision.
Search found 5052 matches
- Wed Mar 27, 2024 5:27 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1543
- Views: 119199
Re: Robinhood 3% IRA Match
- Wed Mar 27, 2024 4:25 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1543
- Views: 119199
Re: Robinhood 3% IRA Match
Yes. It takes no longer than putting in your card info.Leesbro63 wrote: ↑Wed Mar 27, 2024 4:22 pmThis is from 2018. Does it still work? How does paying by credit card then paying by PayPal then paying through PaytaxUSA all connect and work? Seems like a 3rd level beyond the usual two levels (paying by credit card then the processor pays the IRS on your behalf).nalor511 wrote: ↑Wed Mar 27, 2024 4:10 pmYou may have misunderstood, the card is chase, pay the processor via PayPal,
https://www.mymoneyblog.com/chase-freed ... ments.html
- Wed Mar 27, 2024 4:10 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1543
- Views: 119199
Re: Robinhood 3% IRA Match
You may have misunderstood, the card is chase, pay the processor via PayPal,
https://www.mymoneyblog.com/chase-freed ... ments.html
- Wed Mar 27, 2024 2:34 pm
- Forum: Personal Investments
- Topic: Exchange FSKAX for VTI at Fidelity in taxable account
- Replies: 5
- Views: 405
Re: Exchange FSKAX for VTI at Fidelity in taxable account
Sell and buy will work, I believe "exchange" only lets you go to another MF, but fidelity has live chat.bookgirl wrote: ↑Wed Mar 27, 2024 2:29 pm I'm trying to simplify the number of funds I have. I have a very small amount of money in FSKAX in a Fidelity taxable account. I made a mistake buying FSKAX in taxable. I want only VTI. Should I sell FSKAX then buy VTI? Fidelity appears to give me the option to exchange. Does it matter? I've only held FSKAX a few months so I know I'll pay a bit of short term capital gains tax.
Thanks in advance!
- Wed Mar 27, 2024 1:16 pm
- Forum: Personal Finance (Not Investing)
- Topic: Checking account: why?
- Replies: 21
- Views: 1263
Re: Checking account: why?
Fidelity CMA covers all my checking+savings needs, *except* for depositing cash, so I have a local CU account for that too (that I use once or twice a year).
- Wed Mar 27, 2024 12:56 pm
- Forum: Personal Investments
- Topic: Webull asset transfer messed up cost basis
- Replies: 2
- Views: 207
Re: Webull asset transfer messed up cost basis
I had a broker that messed up my cost-basis 3-4 times, each time they would correct it, and they would mess it up again a few days later. It happens. I would work with them to correct this, and check in and make sure it stays corrected.
- Wed Mar 27, 2024 12:03 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1543
- Views: 119199
Re: Robinhood 3% IRA Match
Yes, but, if you wait until chase freedom does a 5% paypal quarter, you can make more. Between our 4x chase cards we make $300 extra per year (gross, not counting the processing fees)TopDawgs23 wrote: ↑Wed Mar 27, 2024 11:57 am I'm still undecided on the IRA rollover, but the credit card news brought this back to the center of my attention.
The 3% credit card cash back could be a nice bonus for many.
For example, those who makes quarterly estimated tax payments will make 1.18% on the spread between the 3.00% cashback and the 1.82% credit card processing fee charged by the IRS. Especially for self employed individuals... You're telling me I can making money paying my taxes by using this card instead of EFT from my bank account?
- Wed Mar 27, 2024 11:23 am
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1543
- Views: 119199
Re: Robinhood 3% IRA Match
I don't care that much about the 3% cc cash back (it'll earn me maybe an additional $25-50/yr, I don't have that much non-grocery spending on cards), but the return-protection, extended-warranty, and rental car CDW are nice features that many cards have done away with. Amex BCP ($95/yr) still has those features, so, I suspect the "paid" nature of this card/gold is why those features are present.
I *do* look forward to the 1% deposit bonus. All RH needs to do is add specific-tax-lot tracking/display, IMO
I *do* look forward to the 1% deposit bonus. All RH needs to do is add specific-tax-lot tracking/display, IMO
- Wed Mar 27, 2024 12:55 am
- Forum: Personal Investments
- Topic: Is it possible to Exchange AAPL stock for VTSAX at Vanguard?
- Replies: 9
- Views: 1402
Re: Is it possible to Exchange AAPL stock for VTSAX at Vanguard?
You could sell AAPL and immediately buy VTI. If you try to buy VTSAX , there would be settlement issues, because AAPL is t+2 and VTSAX is t+1.
- Tue Mar 26, 2024 8:03 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1543
- Views: 119199
Re: Robinhood 3% IRA Match
"Boost is divided into 24 monthly payouts. To earn your full boost, hold or invest your brokerage deposits for 2 years. If you cancel Gold, you'll lose future payouts you haven't earned yet. Only deposits into your non-retirement brokerage account will be eligible to earn the boost. There are daily ACH deposit limits." That's not so bad. For sure, not so bad. The cash deposit rate for Gold will fluctuate and could go down by more than the boost amount. If you are investing the cash though, it may be worth it. Robinhood doesn't handle individual tax lots, so I'm somewhat reluctant to do that. They didn't mention a clawback for these types of deposits, so maybe one could just transfer out at such point. I wonder when that offer goe...
- Tue Mar 26, 2024 12:58 pm
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity HSA Rollover - how to deposit a check?
- Replies: 4
- Views: 265
Re: Fidelity HSA Rollover - how to deposit a check?
Personally I would probably use the app to do the deposit, and then live chat or call in to have it marked as a 60-day Rollover. The assistant will get you an agent if you keep saying representative, if you want to check via live chat beforehand. OR, ask fidelity directly on their official support reddit https://www.reddit.com/r/fidelityinvestments/new/
- Mon Mar 25, 2024 2:48 pm
- Forum: Investing - Theory, News & General
- Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
- Replies: 7762
- Views: 1351304
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
They may hope that you do something that incurs commissions/fees/interest/etc. If you don't, it's just the cost of doing business, the same way that milk and eggs are often on-special at the grocerty store to get you in the door in the hopes you buy higher-profit items like chips, soda, alcohol, etc. There are tons of brokers https://www.doctorofcredit.com/best-bro ... p-to-3500/ and banks https://www.doctorofcredit.com/best-ban ... t-bonuses/ that do this. That's why this thread is 156 pages long.
- Mon Mar 25, 2024 2:32 pm
- Forum: Investing - Theory, News & General
- Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
- Replies: 7762
- Views: 1351304
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
I've had the Vanguard account for 5 years and never forgot to move money into the core except the one time, but it doesn't matter to Vanguard, they won't adjust the rate or offer me free bond trades to make up for being charged interest. If I were to move to TT (or another brokerage) I will only be moving cash, so I won't have to worry about cost basis. Then I would likely park the money in a 3 month T-bill ETF for 12 months unless we get a huge buying opportunity in the markets. Unless you accidentally don't leave it long enough. Or your deposit is short $1. Or you didn't click the right application link/promo-code. Or any number of other things that can happen to cost you the bonus. Just my two cents, obviously it's your call. Best of luck
- Mon Mar 25, 2024 1:51 pm
- Forum: Investing - Theory, News & General
- Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
- Replies: 7762
- Views: 1351304
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
Because Vanguard charged me 12.25% interest when I had forgotten (presumably) to move some money out of a Vanguard MM fund into the core account after a bond purchase, I'm thinking about moving some of the Vanguard money into Tastytrade to get a bonus. At the tier that I'm thinking of moving over, the bonus would be over 1%. Wondering how it works out profitable for TT? What if I were to just park all the funds at TT in a 3-month T-bill ETF and let it sit there for 12 months and then withdraw all (or most) of the money after the 12 months? How do they make a profit off of that? What type of trading would a typical customer need to do at TT where they actually recoup the bonus if it's over 1%? Would the customer need to be using margin and ...
- Sun Mar 24, 2024 4:17 pm
- Forum: Personal Finance (Not Investing)
- Topic: Capital gains loss carryover if you sell no stocks
- Replies: 16
- Views: 1258
Re: Capital gains loss carryover if you sell no stocks
It's in the capital loss carryover worksheet. You need to print the PDF and select "include all worksheets" otherwise it doesn't include themsalilsurendran wrote: ↑Sun Mar 24, 2024 4:11 pm yes i find no section in tax form for 2023 where any kind of carryover is mentioned. I searched in the pdf for 3000, carry terms etc. and it doesn't exist. Is there someplace that I have to enter this. Since I have been filing using turbotax for over a decade Doesn't turbotax automatically detect that in my prior history I had losses and put that automatically in this years taxes?
TT does (should) track this, but it's your job to make sure. You can always amend if something was incorrect
- Sun Mar 24, 2024 2:31 pm
- Forum: Personal Investments
- Topic: HSA Tax efficiency in CA
- Replies: 21
- Views: 1652
Re: HSA Tax efficiency in CA
Specific ID is a way of picking the specific stocks you want to sell, to minimize or maximize loss or gain, depending on what you want. FIFO is first in first out, the default way of picking the stocks that are sold and the only way to do that for some brokers like Robinhood, and the HSA brokers that I am aware of. And a wash sale is just a way of resetting the basis. So if you had $10,000 in contributions that grew to $20,000, but that year you were an Oregon resident, then you would just sell and rebuy the same things in Oregon that year and those $10,000 in gains magically disappear if and when you move back to California. Very helpful, thank you! Ah that part about residency is extremely interesting. Nice little loophole. Don't believe...
- Sun Mar 24, 2024 12:44 pm
- Forum: Personal Investments
- Topic: Incorrect 1099-R from Vanguard
- Replies: 24
- Views: 2043
Re: Incorrect 1099-R from Vanguard
I did a conversion in 2020 at VG, and they used COB pricing (today's closing price). But they may have since changed how they do it, and they don't *have* to do it using COB pricing. Brokers have latitude in which price they use.
Schwab (2023) used instantaneous price (so, yesterday's closing price).
Fidelity (2023) used COB price (today's closing price).
Schwab (2023) used instantaneous price (so, yesterday's closing price).
Fidelity (2023) used COB price (today's closing price).
- Sun Mar 24, 2024 12:41 am
- Forum: Personal Investments
- Topic: Incorrect 1099-R from Vanguard
- Replies: 24
- Views: 2043
Re: Incorrect 1099-R from Vanguard
I've had issues with other custodians. I've had 1099s get corrected in July and Aug. You just have to stay on them until they fix it.
- Sat Mar 23, 2024 11:59 am
- Forum: Personal Finance (Not Investing)
- Topic: Unable to login to Morgan Stanley from Turbo Tax
- Replies: 12
- Views: 833
Re: Turbo Tax is unable to import my 1099-B of Morgan Stanley
If the cost basis was reported, you do not need to enter each sale, you can enter the aggregates.
- Fri Mar 22, 2024 10:03 pm
- Forum: Personal Investments
- Topic: Roth conversion in Fidelity. Can you convert CDs from a tIRA to Roth?
- Replies: 4
- Views: 404
Re: Roth conversion in Fidelity. Can you convert CDs from a tIRA to Roth?
Why don't you ask Fidelity directly? https://www.reddit.com/r/fidelityinvestments/
- Fri Mar 22, 2024 8:33 pm
- Forum: Personal Finance (Not Investing)
- Topic: Any downsides to the Fidelity CMA?
- Replies: 25
- Views: 2031
Re: Any downsides to the Fidelity CMA?
Sounds like Tomato didn't give it much of a chance, they started clearing my deposits in 1 day pretty quickly actuallyanon_investor wrote: ↑Fri Mar 22, 2024 6:37 pm+1nalor511 wrote: ↑Fri Mar 22, 2024 6:19 pmI only had this issue when my account was new. Now my deposits clear in 1 dayTomatoTomahto wrote: ↑Fri Mar 22, 2024 6:11 pm The bank takes forever to clear deposits. The only payment I have bounced in probably 50 years. They said that they couldn’t do anything about the 7 day hold (with multi 7 digit assets at Fidelity) because the bank was a separate entity.
I no longer use the CMA account.
- Fri Mar 22, 2024 8:31 pm
- Forum: Personal Finance (Not Investing)
- Topic: Any downsides to the Fidelity CMA?
- Replies: 25
- Views: 2031
Re: Any downsides to the Fidelity CMA?
Coinstar machine at Safeway, no fee to redeem as Amazon GC
- Fri Mar 22, 2024 6:19 pm
- Forum: Personal Finance (Not Investing)
- Topic: Any downsides to the Fidelity CMA?
- Replies: 25
- Views: 2031
Re: Any downsides to the Fidelity CMA?
I only had this issue when my account was new. Now my deposits clear in 1 dayTomatoTomahto wrote: ↑Fri Mar 22, 2024 6:11 pm The bank takes forever to clear deposits. The only payment I have bounced in probably 50 years. They said that they couldn’t do anything about the 7 day hold (with multi 7 digit assets at Fidelity) because the bank was a separate entity.
I no longer use the CMA account.
- Fri Mar 22, 2024 12:53 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1543
- Views: 119199
Re: Robinhood 3% IRA Match
I guess my second point there is more controversial. I always have a hard time believing anything is a once-in-a-lifetime deal. There will be more deals in the future. Maybe not as good, but close enough. As for Fidelity/Vanguard offering one, no one really knows. They want your business too. If they can offer a deal where they will lock you up for a long time, I can imagine they will be creative. Vanguard has never offered brokerage bonuses, to my knowledge. The obvious response is Vanguard never used to offer free trades and now they do. I wouldn't be surprised either way (they offer bonuses in the future or not). If this is successful for RH, I also wouldn't be surprised if they offered it again. Who knows, maybe I'll change my mind in ...
- Thu Mar 21, 2024 4:45 pm
- Forum: Personal Finance (Not Investing)
- Topic: Failed to take RMD for Inherited IRA in 2023- what next?
- Replies: 7
- Views: 591
Re: Failed to take RMD for Inherited IRA in 2023- what next?
- Thu Mar 21, 2024 4:36 pm
- Forum: Personal Finance (Not Investing)
- Topic: Failed to take RMD for Inherited IRA in 2023- what next?
- Replies: 7
- Views: 591
- Thu Mar 21, 2024 4:27 pm
- Forum: Personal Investments
- Topic: ACATs timing question with t+2
- Replies: 4
- Views: 266
Re: ACATs timing question with t+2
Yes I'm not concerned about the acats being slow, I'm trying to not have it rejected due to the unsettled share. Wanting to get my transfer request entered as soon as I can, to get it off my plate, and wondering when that will be
- Thu Mar 21, 2024 4:16 pm
- Forum: Personal Investments
- Topic: ACATs timing question with t+2
- Replies: 4
- Views: 266
ACATs timing question with t+2
I bought a share of an ETF today. The settlement date (t+2) is Monday, but what time Monday?
If I want to transfer that share out to another broker, when should I put in the transfer request, such that it doesn't fail due to the share not yet having settled? Thanks
If I want to transfer that share out to another broker, when should I put in the transfer request, such that it doesn't fail due to the share not yet having settled? Thanks
- Wed Mar 20, 2024 9:16 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1543
- Views: 119199
Re: Robinhood 3% IRA Match
Lyrrad wrote: ↑Wed Mar 20, 2024 8:14 pmI think you lose the entire bonus if you transfer out within 5 years ("IRA Match Early Removal Fee").nalor511 wrote: ↑Wed Mar 20, 2024 5:14 pm If you withdraw before 5yrs, or cancel Gold before 1yr, you lose 2/3 of that bonus.
The Terms answer all your questions. https://robinhood.com/us/en/support/art ... atch-2024/
If you cancel Gold before one year, you lose of 2% of the 3% bonus ("Gold Cancellation IRA Match Removal Fee").
While the Terms and Conditions and the Help Center article say you only need to remain "a Robinhood Gold subscriber for 1 year after the first deposit that earns the 3% match," my Gold account page says I need to remain a subscriber for a year since the most recent match.
- Wed Mar 20, 2024 6:53 pm
- Forum: Personal Investments
- Topic: Financial Adviser and Investment Adviser at Schwab
- Replies: 9
- Views: 1077
Re: Financial Adviser and Investment Adviser at Schwab
Schwab doesn't do consumer HSA, I don't believe, you'd want Fidelity for a consumer HSA with zero fees
- Wed Mar 20, 2024 5:51 pm
- Forum: Personal Finance (Not Investing)
- Topic: ISO stock options - confused
- Replies: 11
- Views: 705
Re: ISO stock options - confused
If you face amt, you face it regardless which of the 3 methods you choose, don't you?
- Wed Mar 20, 2024 5:47 pm
- Forum: Personal Consumer Issues
- Topic: Bought a new Lexus - can't get a second key for 3-5 months???
- Replies: 54
- Views: 6115
Re: Bought a new Lexus - can't get a second key for 3-5 months???
- Wed Mar 20, 2024 5:46 pm
- Forum: Personal Finance (Not Investing)
- Topic: Tax software suggestions?
- Replies: 22
- Views: 1226
Re: Tax software suggestions?
If you don't trust tax software with your SSN then your only option is to do it yourself on paper or free fillable forms (which is run by olt.com anyway). I don't see the problem.gunny2 wrote: ↑Wed Mar 20, 2024 5:37 pmNot just to log in they don't. I'm not talking about needing it when I fill out the form.
I don't get needing my DOB either...(HR Block is asking this).
Don't mean to sound skittish, but having been a victim of identity theft, I'm very (very) cautious about giving out such info.
- Wed Mar 20, 2024 5:34 pm
- Forum: Personal Finance (Not Investing)
- Topic: Tax software suggestions?
- Replies: 22
- Views: 1226
Re: Tax software suggestions?
ALL tax software needs your SSN. Your SSN is not your login, and if it is, you're doing it wrong.
Freetaxusa is the easiest cheap option and costs $15, and I think amending is extra. OLT.com is the cheapest option with the most forms and coats $9.95 with free amending
Freetaxusa is the easiest cheap option and costs $15, and I think amending is extra. OLT.com is the cheapest option with the most forms and coats $9.95 with free amending
- Wed Mar 20, 2024 5:14 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1543
- Views: 119199
Re: Robinhood 3% IRA Match
Can someone explain the situation to me please. ...what would I get for the $500k transfer from Schwab to Robinhood. Also, can the transfer be in-kind or do I have to sell the equities and transfer cash? The transfer from Vanguard to TD was in-kind and that really helped. Is there withdraw or early penalty or any fees paid to IRS or Robinhood, beside the Gold membership, for this transaction? Transfer in kind, no selling. You'll get a 3% bonus, just like everyone Else. You'll pay for gold for a year. RH has a $100 transfer-out fee you'll pay in 5yrs if you leave. If you withdraw before 5yrs, or cancel Gold before 1yr, you lose 2/3 of that bonus. The Terms answer all your questions. https://robinhood.com/us/en/support/articles/ira-gold-matc...
- Wed Mar 20, 2024 4:15 pm
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1543
- Views: 119199
Re: Robinhood 3% IRA Match
Tax free is worth more than "taxed eventually", yes.privateID wrote: ↑Wed Mar 20, 2024 4:14 pm Is the 3% match worth more for Roth IRA accounts? Given that the match is being put into the IRA and considered interest on the account (so doesn't affect contribution limits), it seems to me like you will keep the whole match plus growth in a Roth IRA but only keep the amount minus eventual taxes in the trad'l IRA account. Do I have that right?
- Wed Mar 20, 2024 3:43 pm
- Forum: Personal Consumer Issues
- Topic: Bought a new Lexus - can't get a second key for 3-5 months???
- Replies: 54
- Views: 6115
Re: Bought a new Lexus - can't get a second key for 3-5 months???
If the dealer and corp both told you to wait, then you very likely will have to Wait. You could Ask for $ for your inconvenience, but they can't speed this up or they already would have
- Wed Mar 20, 2024 12:25 pm
- Forum: Investing - Theory, News & General
- Topic: ACATS and cost basis
- Replies: 4
- Views: 549
Re: ACATS and cost basis
RH is indeed supposed to request it, if it doesn't happen properly. It takes a week after the assets transfer
- Tue Mar 19, 2024 5:14 pm
- Forum: Personal Consumer Issues
- Topic: free YAHOO e-mail lock-up
- Replies: 10
- Views: 1060
Re: free YAHOO e-mail lock-up
Your two choices are to 1. pay for yahoo premium support and possibly get some help, or 2. don't, and you're out of luck if the free recovery tool doesn't work https://help.yahoo.com/kb/SLN2044.html
I lost an account 10 years or so ago and have had zero luck getting it back, but I did not pay for support. I moved on with my life.
I lost an account 10 years or so ago and have had zero luck getting it back, but I did not pay for support. I moved on with my life.
- Tue Mar 19, 2024 4:52 pm
- Forum: Personal Investments
- Topic: Insurance Co attempting to change terms of contract
- Replies: 20
- Views: 2411
Re: Insurance Co attempting to change terms of contract
At this point I would be complaining to my state's insurance board, as it's been months, and their position hasn't changed
- Tue Mar 19, 2024 4:27 pm
- Forum: Investing - Theory, News & General
- Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
- Replies: 7762
- Views: 1351304
- Tue Mar 19, 2024 4:13 pm
- Forum: Investing - Theory, News & General
- Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
- Replies: 7762
- Views: 1351304
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
They probably mean funds on non-us exchanges or in non-usd
- Tue Mar 19, 2024 1:16 am
- Forum: Personal Investments
- Topic: Transfer HSA funds
- Replies: 1
- Views: 405
Re: Transfer HSA funds
Many people do this.FENDERSTRYKER75 wrote: ↑Mon Mar 18, 2024 11:20 pm Hello,
My employer offers a HSA through HealthEquity. Unfortunately, the agreement between the employer and vendor states that I cannot invest the money until my balance is $2000. I also have a personal HSA through Fidelity. My employer states that I don't have to hold funds in the HealthEquity account. Any reason from a financial perspective, why I can't contribute to my employer's HSA, and then transfer out every month or two? I'm checking to see if there are any transaction fees with rollouts to my Fidelity HSA, which would also maybe answer my question.
- Mon Mar 18, 2024 11:18 am
- Forum: Investing - Theory, News & General
- Topic: Questions on 1099-B (ratable discount for treasuries sold prior to maturity)
- Replies: 17
- Views: 2874
Re: Questions on 1099-B (ratable discount for treasuries sold prior to maturity)
The IRS could easily want to see your copy of the 1099 for any number of reasons, which has the info to calculate ratable share. It will probably never be a problem. But having something done "wrong", for very little reason, invites more scrutiny
- Mon Mar 18, 2024 11:16 am
- Forum: Investing - Theory, News & General
- Topic: Robinhood 3% IRA Match
- Replies: 1543
- Views: 119199
Re: Robinhood 3% IRA Match
The first one I just asked for them to please fix it. The second one I had to ask for a manual review, which they kept denying existed, then asked for a supervisor, and the next morning it was fixed.
- Sun Mar 17, 2024 8:09 pm
- Forum: Personal Finance (Not Investing)
- Topic: Unable to mobile-deposit a check at Fidelity
- Replies: 4
- Views: 534
Re: Unable to mobile-deposit a check at Fidelity
Yes that is what I did. But I also read that you didn't need to do that anymore. But it worked for me. Again, web, not appinvestor4life wrote: ↑Sun Mar 17, 2024 8:05 pm I entered routing and account numbers and was take to a screen to enter bank login info. Seems to be no way to avoid that. Are you saying I should intentionally fail the bank login test and will then be taken to a screen with some alternative approach (micro deposit?)
- Sun Mar 17, 2024 7:49 pm
- Forum: Personal Finance (Not Investing)
- Topic: Unable to mobile-deposit a check at Fidelity
- Replies: 4
- Views: 534
Re: Unable to mobile-deposit a check at Fidelity
If you use the web, you can enter your account and routing. At one time you had to fail the user/pass twice or three times before account/routing would pop up, but I think they let you enter it directly now, if you select "enter myself". You do not need to enter user/pass to link a bank to Fidelity.
Money transfer lockdown does not block check deposits
Money transfer lockdown does not block check deposits
- Sun Mar 17, 2024 1:14 am
- Forum: Investing - Theory, News & General
- Topic: Questions on 1099-B (ratable discount for treasuries sold prior to maturity)
- Replies: 17
- Views: 2874
Re: Questions on 1099-B (ratable discount for treasuries sold prior to maturity)
The IRS could ask for your 1099 on an unrelated (or related) matter, do you really want to have something be technically reported wrong to have $20 shifted from cg to int? I wouldn't. The IRS knows how to calculate ratable share. I do my ratable share calculations on a spreadsheet, and save it, just in casedeejay77 wrote: ↑Sun Mar 17, 2024 1:02 am FactualFran, you are correct.
My argument is that we should keep things simple when the current system is not doing the math for us. Simply report all of it in a new manual 1099-INT box 3. IRS doesn't even see the sale, so they have no basis to object to the extra tax paid using a 1099-INT that they didn't see.
- Sat Mar 16, 2024 8:40 pm
- Forum: Investing - Theory, News & General
- Topic: What is the appeal of Robinhood
- Replies: 85
- Views: 6510
Re: What is the appeal of Robinhood
...They claim to be [SIPC] so I'll look over [SIPC] to see if they are... (I think Robinhood is a Bad Thing, but...) ...with regard to SIPC, Robinhood is big enough and conspicuous enough and has been around long enough that it is inconceivable that they would be lying about it and would not have been caught. When they fibbed about their "savings accounts" and "checking accounts" being "insured by the SIPC" they were caught within less than two days, I think the financial news was quoting the SIPC chair as saying they weren't on the very next day. But it's easy enough to check. SIPC List of Members All registered brokers or dealers are SIPC members by law, with some exceptions. ... ROBINHOOD FINANCIAL LLC LAKE...
- Sat Mar 16, 2024 8:26 pm
- Forum: Investing - Theory, News & General
- Topic: What is the appeal of Robinhood
- Replies: 85
- Views: 6510
Re: What is the appeal of Robinhood
Wasn't it the first to offer free trades? I signed up early on with some "fun money" and bought and sold individual stocks when I had the time simply because the trades were free and I think everyone else was $5. I think all the trades now that are free are because of Robinhood. Don't forget that Robinhood's offer of free trades was all a lie. They advertised zero commissions on the front end but then secretly collected bribes for order flow on the back end to cheat their customers, lying to them about it all. Robinhood paid millions in fines to the SEC for their lying and cheating. Doesn't Schwab do the same thing? And Fidelity? I was under the impression that the only popular brokerage that didn't do that, and didn't make a sig...