Search found 1007 matches
- Tue Feb 20, 2024 11:07 am
- Forum: Personal Finance (Not Investing)
- Topic: Safest way to pay bills electronically
- Replies: 72
- Views: 6209
Re: Safest way to pay bills electronically
If you are concerned with the inconvenience of Fraud, you can reduce the likelihood by using a card only for automatic bill payment. Don't use this card anywhere else, for anything.
- Tue Jan 23, 2024 8:12 pm
- Forum: Personal Investments
- Topic: hold company stock for 2 years in ESPP to save taxes before selling?
- Replies: 30
- Views: 2962
Re: hold company stock for 2 years in ESPP to save taxes before selling?
Selling has had nothing to do with it for me, it shows up on the it’s own paystub within days of the shares being available. Without selling the shares, the 15% has always been taxable in the year those shares are received. Just my experience.
- Tue Jan 23, 2024 8:04 pm
- Forum: Personal Investments
- Topic: New to investing in taxable accounts. Help appreciated.
- Replies: 23
- Views: 6408
Re: New to investing in taxable accounts. Help appreciated.
I have a son who works for Google and gets RSU's. You would immediately sell those once they vest? If so why? I don't want to own individual stock, especially in my own company. While Google is probably not going out of business there is always Enron risk. The question your son should ask when his RSUs vest is "If someone gave jme money right now would I use it to buy company stock?" If the answer is yes then leave the RSUs as company stock, otherwise sell. A little story. About 40 years ago my wife worked for a grocery store in Florida named Publix. They were allowed to buy stock in the company (it's not a public company). Her dad gave her $10,000 as a one time investment to buy stock for him. Today after splits that stock is wo...
- Tue Jan 23, 2024 10:23 am
- Forum: Personal Investments
- Topic: hold company stock for 2 years in ESPP to save taxes before selling?
- Replies: 30
- Views: 2962
Re: hold company stock for 2 years in ESPP to save taxes before selling?
At multiple companies I’ve worked at, the 15% discount is reported on the W2 and so whether you realize it or not the discount is taxed as regular income the year it is received..
So sell it immediately and buy what you want, there will be minimal cumulative gain or loss if you do this each quarter
.
So sell it immediately and buy what you want, there will be minimal cumulative gain or loss if you do this each quarter
.
- Tue Jan 23, 2024 8:59 am
- Forum: Personal Investments
- Topic: 529 help requested for "My Three Sons"
- Replies: 17
- Views: 1863
Re: 529 help requested for "My Three Sons"
You won’t need to cover 100% of their expenses with a 529, in fact I wouldn’t even recommend it. In most states you can put some money into the 529 and take it right back out in the same tax year to spend on education.
You have no idea which of the 3 will attend college, where, or for how long or what cost. Keeping some in taxable/ savings will give you a lot of flexibility.
And I’d probably just target date fund each account, unless the options are poor.
You have no idea which of the 3 will attend college, where, or for how long or what cost. Keeping some in taxable/ savings will give you a lot of flexibility.
And I’d probably just target date fund each account, unless the options are poor.
- Mon Jan 15, 2024 8:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: Form 5500: E*Trade individual 401(k) IRS opinion letter
- Replies: 15
- Views: 1778
Re: Form 5500: E*Trade individual 401(k) IRS opinion letter
Same Question for Fidelity? Serial number and Pre approved date of the opinion letter.
- Sat Jan 06, 2024 10:07 am
- Forum: Personal Investments
- Topic: New to investing in taxable accounts. Help appreciated.
- Replies: 23
- Views: 6408
Re: New to investing in taxable accounts. Help appreciated.
I have a son who works for Google and gets RSU's. You would immediately sell those once they vest? If so why? I don't want to own individual stock, especially in my own company. While Google is probably not going out of business there is always Enron risk. The question your son should ask when his RSUs vest is "If someone gave jme money right now would I use it to buy company stock?" If the answer is yes then leave the RSUs as company stock, otherwise sell. A little story. About 40 years ago my wife worked for a grocery store in Florida named Publix. They were allowed to buy stock in the company (it's not a public company). Her dad gave her $10,000 as a one time investment to buy stock for him. Today after splits that stock is wo...
- Fri Jan 05, 2024 8:08 am
- Forum: Personal Finance (Not Investing)
- Topic: Can Somebody Explain how HSA/HDHP is Always the Obvious Choice?
- Replies: 64
- Views: 8444
Re: Can Somebody Explain how HSA/HDHP is Always the Obvious Choice?
I’ve found exactly the same each time I’ve done it, but ymmv. It’s always been a narrow band right between spending 0 in care and the out of pocket max.
Don’t forget to estimate office visit co pays, etc. those items add up as you get more and more care.
- Fri Jan 05, 2024 7:57 am
- Forum: Personal Investments
- Topic: Considerations for transferring solo 401k to current employer 401k
- Replies: 7
- Views: 801
Re: Considerations for transferring solo 401k to current employer 401k
Thanks, I’ll double check the SPD to see if they allow in-service withdrawals at 59 1/2…toddthebod wrote: ↑Fri Jan 05, 2024 7:54 amAge 55: if you quit your W2 job before this age or are still working, you can stop your LLC work at this age and start withdrawals from the solo plan.
Age 59.5: if you are still working your W2 job, their 401(k) probably doesn't allow for in-service withdrawals, while you can withdraw from your solo 401(k) if you are no longer doing your LLC job.
RMD age: if you are still working for your W2, you can delay your RMDs. You cannot for your solo plan.
- Fri Jan 05, 2024 7:27 am
- Forum: Personal Investments
- Topic: Considerations for transferring solo 401k to current employer 401k
- Replies: 7
- Views: 801
Re: Considerations for transferring solo 401k to current employer 401k
The 5500ez are always, filed and it is tied to the LLC that also files it’s taxes every year.
- Thu Jan 04, 2024 7:46 pm
- Forum: Personal Investments
- Topic: Considerations for transferring solo 401k to current employer 401k
- Replies: 7
- Views: 801
Considerations for transferring solo 401k to current employer 401k
I have a solo 401k that consists of only rollovers from other employers. I’ve never made contributions directly to it. It is at fidelity and 7 figures. I also have a current employer fidelity 401k that I have just started at (less than one year).
Both expenses / funds are the same, and reasonable. I’m considering merging them to get rid of the solo 401k.
So my question is this. Will I be giving up any withdrawal options or what else should I consider moving my funds to my current employers 401k? I’m at least 10 years from wanting any of the funds, but more likely 15-20 when I would consider doing rather conversions.
I don’t want to put this in an IRA due to back door Roth conversions.
Both expenses / funds are the same, and reasonable. I’m considering merging them to get rid of the solo 401k.
So my question is this. Will I be giving up any withdrawal options or what else should I consider moving my funds to my current employers 401k? I’m at least 10 years from wanting any of the funds, but more likely 15-20 when I would consider doing rather conversions.
I don’t want to put this in an IRA due to back door Roth conversions.
- Thu Dec 07, 2023 10:03 pm
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity Full View
- Replies: 30
- Views: 6036
Re: Fidelity Full View
- Thu Nov 30, 2023 7:51 am
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity Full View - recent experiences?
- Replies: 33
- Views: 9632
Re: Fidelity Full View - recent experiences?
I noticed any manual accounts in the new version seem to be old. Older names and values. This is why my NW was different between the two.
It’s like they took a copy of the manual accounts from 5 years ago and used that in the new version.
It’s like they took a copy of the manual accounts from 5 years ago and used that in the new version.
- Sun Nov 26, 2023 6:50 pm
- Forum: Personal Investments
- Topic: What are the differences between these 2 funds?
- Replies: 13
- Views: 1542
Re: What are the differences between these 2 funds?
If it’s just a Roth and a traditional IRA, you can just pick one and change with no penalty. And it probably doesn’t matter which you pick. I’d consider them the same, myself.
- Sun Nov 26, 2023 6:06 pm
- Forum: Personal Investments
- Topic: What are the differences between these 2 funds?
- Replies: 13
- Views: 1542
Re: What are the differences between these 2 funds?
So what type of accounts are these in? I certainly wouldn’t make any changes to a taxable/brokerage account.
- Mon Sep 18, 2023 9:21 pm
- Forum: Personal Consumer Issues
- Topic: Kids & cashless businesses
- Replies: 18
- Views: 2379
Re: Kids & cashless businesses
Amex lets you set each authorized user to a portion of your credit limit. So you can cap the kids at 2-5k if you want to...lazydavid wrote: ↑Mon Sep 18, 2023 12:35 pm We recently made our 16 yo an authorized user on my Amex account. Every transaction is flagged with his initials, so it's easy to see which charges are his. He shares our $35k revolving limit (and whatever our undisclosed "spending limit" is), but is very responsible so I don't have a problem with that.
- Wed Apr 05, 2023 5:48 am
- Forum: Personal Investments
- Topic: Very complicated portfolio - Advice on how to simplify?
- Replies: 37
- Views: 5056
Re: Very complicated portfolio - Advice on how to simplify?
Knowing the total account balance and current gain/loss amount on each would help. Ultimately you are only paying tax on the total of all the gains. So selling anything with a loss, and enough other to offset those losses, really is a no brainer with no tax consequences.
I think you’ll enjoy the satisfaction of seeing the portfolio get simpler.
I echo the suggestion of selling these stocks, then immediately put in the order for that the total us market. You do need to decide if you prefer an etf or mutual fund in taxable.
All this assumes you are at a low cost brokerage, with no fees. And that you can actually see your cost basis.
Make sure your costs basis isn’t set for “average” for future purchases
I think you’ll enjoy the satisfaction of seeing the portfolio get simpler.
I echo the suggestion of selling these stocks, then immediately put in the order for that the total us market. You do need to decide if you prefer an etf or mutual fund in taxable.
All this assumes you are at a low cost brokerage, with no fees. And that you can actually see your cost basis.
Make sure your costs basis isn’t set for “average” for future purchases
- Sat Jan 07, 2023 8:43 am
- Forum: Personal Investments
- Topic: Too much in 401ks?
- Replies: 25
- Views: 4921
Re: Too much in 401k
If I’m reading this right, 1.5M tax deferred and 500 Roth/etc… ignoring taxable this seems like a really reasonable ratio to me…
Wouldn’t want half my investments in Roth.. 25% seems reasonable
Wouldn’t want half my investments in Roth.. 25% seems reasonable
- Wed Nov 02, 2022 6:10 am
- Forum: Investing - Theory, News & General
- Topic: ESPP share delivery time
- Replies: 13
- Views: 1123
Re: ESPP share delivery time
3-4 business days, of course half the time a holiday is involved. I just figure it’ll be a week, but sometimes it is 2 days later after market hours (but within extended trading).
At 10% off, I accept the risk for a few days. Sometimes it’s up a couple % more and sometimes it’s down a couple %
At 10% off, I accept the risk for a few days. Sometimes it’s up a couple % more and sometimes it’s down a couple %
- Thu Oct 27, 2022 10:26 pm
- Forum: Investing - Theory, News & General
- Topic: TreasuryDirect website overloaded
- Replies: 20
- Views: 3302
- Thu Oct 27, 2022 10:19 pm
- Forum: Investing - Theory, News & General
- Topic: TreasuryDirect website overloaded
- Replies: 20
- Views: 3302
Re: TreasuryDirect website overloaded
That extra few days at 3-4% apy feel worth it now?
- Sat Sep 03, 2022 9:01 pm
- Forum: Personal Investments
- Topic: Why is portability of funds a big deal?
- Replies: 43
- Views: 2958
Re: Why is portability of funds a big deal?
Why wouldn't you pick a portable fund?
What non-portable is so awesome that a similar portable one doesn't exist?
What non-portable is so awesome that a similar portable one doesn't exist?
- Thu Apr 21, 2022 10:08 pm
- Forum: Personal Finance (Not Investing)
- Topic: College Decision
- Replies: 225
- Views: 21246
Re: College Decision
\Which ones? Because I am in a fairly well paid field and degree's are just another check box, there is no discussion about what it is or where it came from.psteinx wrote: ↑Thu Apr 21, 2022 5:08 pmDepends on the career...homebuyer6426 wrote: ↑Thu Apr 21, 2022 12:57 pm I question how much going to an "elite" school matters for most professions in this day and age. Never felt that going to an inexpensive state college held my career back. I did my first 2 years at a community college and transferred. They had tiny class sizes too which was great.
- Fri Mar 18, 2022 8:04 pm
- Forum: Personal Finance (Not Investing)
- Topic: Experiences with Fidelity collateral line of credit?
- Replies: 18
- Views: 2427
Re: Experiences with Fidelity collateral line of credit?
Fidelity will negotiate regular margin down to 1.25%, which will go up as the Fed does. I did it last week. Took out some cash as a test, confirmed the rate. Rough size of brokerage accounts? I was able to get 4% when I had a very small brokerage account with them. He said it's not by account size, it's by size you plan to draw. I asked them to match IB's rate, which is (annoying) a blended rate, and there's a calculator on IB's margin page. Put in the amount you'd draw, and then it'll give you the rate. Fidelity was not able to "match" the rate, but they came very close. Maybe that’s part if it. Can draw too much, if you don’t have a larger brokerage account. I was told they would decrease it with about double the size.
- Fri Mar 18, 2022 7:52 am
- Forum: Personal Finance (Not Investing)
- Topic: Experiences with Fidelity collateral line of credit?
- Replies: 18
- Views: 2427
Re: Experiences with Fidelity collateral line of credit?
Rough size of brokerage accounts? I was able to get 4% when I had a very small brokerage account with them.
- Wed Mar 09, 2022 9:51 am
- Forum: Personal Consumer Issues
- Topic: Skydiving, have you ever been?
- Replies: 83
- Views: 5457
Re: Skydiving, have you ever been?
I have never seen a perfectly good jump plane...Surfcaster wrote: ↑Tue Mar 08, 2022 10:06 am Why would anyone jump out of a perfectly good airplane?
No thanks
- Wed Mar 09, 2022 9:51 am
- Forum: Personal Consumer Issues
- Topic: Skydiving, have you ever been?
- Replies: 83
- Views: 5457
Re: Skydiving, have you ever been?
I have never seen a perfectly good jump plane...Surfcaster wrote: ↑Tue Mar 08, 2022 10:06 am Why would anyone jump out of a perfectly good airplane?
No thanks
- Sat Jan 08, 2022 8:44 pm
- Forum: Personal Finance (Not Investing)
- Topic: Backdoor Roth IRA for 2021
- Replies: 11
- Views: 1430
Re: Backdoor Roth IRA for 2021
Just do the whole 6k the first week of January, unless you have a realistic exception that somehow you won't have that much earned income in the entire year. (Most people know if they are going to retire soon. )
- Tue Jan 04, 2022 5:12 pm
- Forum: Personal Investments
- Topic: Underfunded 401(k)
- Replies: 4
- Views: 803
Re: Underfunded 401(k)
FYI the limit in 2022 is 20,500 unless you are eligible for the 50+ catch up contributions
- Thu Dec 09, 2021 10:44 pm
- Forum: Personal Investments
- Topic: Fisher Investments [vs S&P500]
- Replies: 87
- Views: 27545
Re: Fisher Investments [vs S&P500]
Have you ever talked to a salesman before? Why would you believe either of those numbers?BertandErnie wrote: ↑Mon Sep 13, 2021 3:09 pm I'm new but I've read enough to know this is almost a 4 letter word around here.
Just a question. If there returns over the last 30 yrs are 9.7% after fees and the S&P is up 7% for that same time frame what would the argument be for investing in an index fund vs an actively managed account such as with Fisher.
Just an FYI, the numbers were given to me in their sales pitch. Be civil.
- Sat Nov 27, 2021 7:46 am
- Forum: Personal Investments
- Topic: Lowest cost lines of credit
- Replies: 24
- Views: 3669
Re: Lowest cost lines of credit
For reference, I and many bogleheads have HELOCS. Many have rates lower than me. Mine is 100k at 3%. +1 on using HELOC if you can. Mine is 3.25%. My margin account is 8.325% with Fidelity. If you have any kind of taxable balance at all, call and ask for lower on the Fidelity margin rate. They will give you a better rate. Thank you for the info! I have around $400K in Fidelity taxable holdings now. Does that level trip a lower rate? The margin balance is around $10k and will be paid off in 30 days. Low 5 digits trips about 4%, I’m sure your balance will go lower. I just called the guy listed on my fidelity page and ask him to do it. It’s just my local contact, not a AUM situation. If you have to mention how attractive Interactive Brokers ra...
- Fri Nov 26, 2021 11:06 am
- Forum: Personal Investments
- Topic: Lowest cost lines of credit
- Replies: 24
- Views: 3669
Re: Lowest cost lines of credit
- Thu Nov 25, 2021 7:43 pm
- Forum: Personal Investments
- Topic: Lowest cost lines of credit
- Replies: 24
- Views: 3669
Re: Lowest cost lines of credit
I’d you have any kind of taxable balance at all, call and ask for lower on the Fidelity margin rate. They will give you a better rate.
- Thu Nov 25, 2021 9:15 am
- Forum: Personal Finance (Not Investing)
- Topic: H&R Block 2021 software offer
- Replies: 278
- Views: 36665
Re: H&R Block 2021 software offer
Link to premium and business please? I can’t find it.Sammy_M wrote: ↑Thu Nov 25, 2021 7:28 amIndeed. $39.99 today on Amazon.bsteiner wrote: ↑Wed Nov 24, 2021 11:06 amIt will be less than that from time to time, perhaps in the next couple of days.fyre4ce wrote: ↑Wed Nov 24, 2021 10:46 am Thanks all. I think the "premium and business" I buy will also include personal tax capability, so I'll give it a try importing data and starting a personal return. If I don't like it I can always go buy TurboTax later...
Edit: Premium + Business is $69.97 at both Walmart.com and Amazon
- Thu Jul 22, 2021 11:26 pm
- Forum: Investing - Theory, News & General
- Topic: [Login problems at several financial sites]
- Replies: 48
- Views: 3051
Re: [Login problems at several financial sites]
Akamia did a change, impacted most, if not all their customers.
Almost everyone uses them, we (America's) just happened to be awake when this happened.
Almost everyone uses them, we (America's) just happened to be awake when this happened.
- Sun Jul 11, 2021 5:16 pm
- Forum: Personal Finance (Not Investing)
- Topic: Downsides to Vanguard checkwriting
- Replies: 39
- Views: 4154
Re: Downsides to Vanguard checkwriting
Go online and order checks from any of the normal places, for less than $10 you’ll likely have a lifetime supply if you take the basic ones,
- Sat Jun 05, 2021 10:40 pm
- Forum: Personal Consumer Issues
- Topic: First computer for kids 6-10: Mac? PC? Chrome OS?
- Replies: 27
- Views: 3956
Re: iMac
It's it amazing what they used to cost? I mean you COULD spend $5k on one today if you really wanted to, but it isn't the norm...
- Mon May 31, 2021 8:45 pm
- Forum: Personal Investments
- Topic: Updated: Help, Financially Naive here.
- Replies: 86
- Views: 15494
Re: Help, Financially Naive here.
Looks like he has a lot of knowledge and is very likely better than most.
You should ask more questions, but to learn and understand.
You should ask more questions, but to learn and understand.
- Sat Mar 20, 2021 9:11 am
- Forum: Personal Investments
- Topic: Saving for College: 14 Year Timeline: Bond Fund in 529 vs I Bonds
- Replies: 29
- Views: 3688
Re: Saving for College: 14 Year Timeline: Bond Fund in 529 vs I Bonds
If there is a low fee indexed target date option, I’d choose the simplicity over all else. But that’s just me. Several plans have an aggressive or conservative option with a reasonable glide path
- Wed Mar 03, 2021 2:25 pm
- Forum: Personal Finance (Not Investing)
- Topic: Moving from HealthEquity to Fidelity HSA
- Replies: 23
- Views: 3008
Re: Moving from HealthEquity to Fidelity HSA
For a HSA Transfer of Assets (ToA) from health equity to fidelity, have fidelity initiate the transfer. This assumes it is an account no longer getting contributions (from an employer). I assumed that the OP still was getting contributions into the HE account, if so he would want a partial transfer. Fidelity can do partial transfers as well (performed a partial transfer within the past 12 months from Health Equity to Fido). One of the question in the Fidelity ToA questionnaire is whether this is a partial or full transfer. Same process with transferring a brokerage account in that you specify whether the transfer is full or partial. After you answer Fidelity's question, it will ask you to digitally sign via a touch screen device so that it...
- Wed Mar 03, 2021 12:18 pm
- Forum: Personal Finance (Not Investing)
- Topic: Moving from HealthEquity to Fidelity HSA
- Replies: 23
- Views: 3008
Re: Moving from HealthEquity to Fidelity HSA
This assumes it is an account no longer getting contributions (from an employer).
I assumed that the OP still was getting contributions into the HE account, if so he would want a partial transfer.
- Wed Mar 03, 2021 6:33 am
- Forum: Personal Finance (Not Investing)
- Topic: Moving from HealthEquity to Fidelity HSA
- Replies: 23
- Views: 3008
Re: Moving from HealthEquity to Fidelity HSA
HealthEquity has a partial rollover form that can be done anytime and as many times as you’d like. There is a $20 fee so I’d probably limit myself to a couple times a year. They will do the direct rollover to fidelity or wherever else.
- Thu Feb 18, 2021 6:37 pm
- Forum: Personal Investments
- Topic: Understanding RSU tax forms
- Replies: 25
- Views: 2669
Re: Understanding RSU tax forms
At fidelity my ESPP is listed with the correct cost basis, but not on the 1099, it’s in the supplemental information.SnowBog wrote: ↑Thu Feb 18, 2021 12:38 amApparently it's by employer/brokerage... As I'm at Fidelity and all my RSU have the correct basis. (The only ones I need to adjust are ESPP.)investlikebogle wrote: ↑Thu Feb 18, 2021 12:34 am It varies by broker. Some broker put the correct basis in 1099 and also indicate that basis is not reported to irs.
Some like fidelity put 0 for basis and also indicate that basis is not reported to irs. In this case, the entire rsu amount is shown as gain and if you are not careful you will pay taxes twice on rsu income.
- Sat Feb 13, 2021 7:44 pm
- Forum: Personal Finance (Not Investing)
- Topic: Import Fidelity into Turbotax
- Replies: 53
- Views: 6214
Re: Import Fidelity into Turbotax
This is my first year with fidelity and an ESPP, I noticed some missing costs basis but only in some transactions. This trying to figure out if my employee already reported my discount or not..
- Wed Jan 27, 2021 9:52 pm
- Forum: Investing - Theory, News & General
- Topic: How to understand all that's going on with GME [GameStop]
- Replies: 170
- Views: 23183
Re: How to understand all that's going on with GME [GameStop]
Gadget wrote: ↑Sun Jan 24, 2021 6:53 pmThat’s ridiculous, so people should only be able to bet that a company will outperform?Bryzzo2016 wrote: ↑Sun Jan 24, 2021 3:12 pmShort selling should be illegal anyway. I don't understand how it isn't.That's fair, and plenty of "proof" posts have been manipulated images without question. It's difficult to tell what proportion of the membership is actually involved. Tactically, I think it was a mistake for Citron's Andrew Left to antagonize them last week.
- Thu Jan 21, 2021 5:54 pm
- Forum: Personal Finance (Not Investing)
- Topic: Twenty Four Years of Taxes
- Replies: 75
- Views: 9806
Re: Twenty Four Years of Taxes
I don’t think your sales tax is accurate at all, but you said that. If you spent 50k last year, and 20k was on things where sales tax isn’t collect (other taxes, mortgage, loan payments) then you could back into a rough number if you knew your local tax rate.
30k spent, 5% sales tax, $1500 in one year.
30k spent, 5% sales tax, $1500 in one year.
- Wed Jan 20, 2021 10:29 pm
- Forum: Investing - Theory, News & General
- Topic: Why don't stock prices go up on payday?
- Replies: 50
- Views: 11682
Re: Why don't stock prices go up on payday?
I worked at one company that had 6 different schedules for pay. If you are paid bi-weekly there are at best 10 different days that buys could hit, now add in 401k delays, ACH differences, and personal preferences. If there was something to be had here, people would be taking advantage of it the day before.
I've seen contributions happen early, and then 2 week later happen 3 days late. This is just the money getting to the fund, no idea when they actually buy the securities.
I've seen contributions happen early, and then 2 week later happen 3 days late. This is just the money getting to the fund, no idea when they actually buy the securities.
- Sat Jan 16, 2021 11:01 pm
- Forum: Personal Finance (Not Investing)
- Topic: Leaving FA - had the convo, could use some support!
- Replies: 31
- Views: 3509
Re: Leaving FA - had the convo, could use some support!
If the Etrade product they offer is truly compelling (it may be equal at best), then you could always move back. Either way, if it is this FA won't be involved in it.
Just hit the Go button and be done with it. He's playing with your emotions
Just hit the Go button and be done with it. He's playing with your emotions
- Mon Jan 11, 2021 8:29 pm
- Forum: Personal Finance (Not Investing)
- Topic: Backdoor Roth at Fidelity question
- Replies: 59
- Views: 8339
Re: Backdoor Roth at Fidelity question
For anyone keeping track, I finally called today. 1/1 Initiated funding to Trad IRA, initiated from Fidelity pulling from Ally 1/4 First business day, Funds show as available to trend 1/5 Ally withdrawal shows online early am. 1/11 I call and they say one more day. 1/12 funds should finally be settled. So its a solid 5-7 business days, depending on how you count. Would it have been faster to push from Ally? I don't know, because I would then have to setup the IRA at ALLY via ACH and go through all that. Another option that would be nice, is if Fidelity allowed inbound wires. Ally charges $20 to push a wire. Probably the best option would have been to have the money already sitting, settled in a CMA at Fidelity. Which reminds me, I need to h...
- Mon Jan 11, 2021 7:57 am
- Forum: Personal Investments
- Topic: Fidelity Backdoor Roth IRA Terminology
- Replies: 20
- Views: 2173
Re: Fidelity Backdoor Roth IRA Terminology
Well, it’s the 11th and funds still won’t convert. Solid week from the ach.