Auto invest question

[KellyInBaconville]

I’m kinda lost here. I’m wanting to auto invest into my IRA.
I have the routing number and account number set up through workday at my employer.
When the contribution goes into that how do I specify how much into the three funds there?
This is with Fidelity.

[Mikosan]

I don't know how fidelity does it, but at vanguard, if I click on my account, I can adjust asset allocation using percentages amongst the funds I choose, and I select for it to apply to future contributions. I can also rebalance this way as well. My employer only sends the money. Vanguard supplies the money up amongst my mutual funds.

[Hyperchicken]

You need to line up the dates with your paydays. It won't be automatic when you receive a direct deposit. You set up recurring contributions e.g. on the 1st and 15th of every month, and let it run.

[FriedOkra]

I’m kinda lost here. I’m wanting to auto invest into my IRA.
I have the routing number and account number set up through workday at my employer.
When the contribution goes into that how do I specify how much into the three funds there?
This is with Fidelity.

I have my HSA at Fidelity. I was able to set up auto invest to get the money there each month, but I had to go in manually to allocate. My recollection is that Fidelity does not offer auto allocation of newly arrived auto-invest money.

As discussed on another thread I recently started about dollar cost averaging vs lump summing, I have the means to just get in all at once for the year. So I contributed the remainder for the year about a week ago to the HSA, allocated it, turned off auto invest, and now have one less monthly task to do. If you have the cash flow to do the same, I recommend it.

[KellyInBaconville]

Ok thank you. it’s that automated as they lead you to believe.
Not a big issue but a bit surprised.