Here’s a summary of the main problem and the solutions discussed in the conversation: Main Problem: The user, Viviani, is confused about the process and implications of transferring funds from an IRA to a personal account and whether they can invest in stocks with those funds. Solution: Fidelity representatives clarified that moving cash from an…
Here’s a summary of the main issue and the responses provided: Main Problem: The user is experiencing difficulties opening a custodial account, as the application keeps getting stuck after submission. Response/Solution: A representative from Fidelity asked for more details about the issue, specifically if any error messages were appearing during the process. This interaction highlights…
Summary of User’s Concern and Solutions Discussed: The main problem reported by the user is uncertainty about whether their 401(k) contributions will automatically decrease after reaching the IRS limit, or if they risk going over the limit and incurring a penalty. Fidelity representative explained that once the maximum contribution limit is reached, contributions may either…
Here’s a summary of the main problem and solutions discussed in the conversation: Main Problem: The user is seeking information on who to follow for updates regarding T+1 trade settlement with Fidelity. Solution: Fidelity representatives indicate they will align with industry regulations and provide updates as changes occur. Commitment to Communication: Fidelity assures the user…
Here’s a summary of the main problem and solutions discussed: Main Problem: The user is seeking guidance on how to update or change the investment fund selected for their 529 plan on the Fidelity website. Solution Steps: Go to “Accounts & Trade” and select “Portfolio.” Select the 529 plan from the left-hand menu. Under “I…
Summary of User’s Issue and Solutions Discussed: The main problem reported by the user is their inability to withdraw money after selling investments, despite following the platform’s instructions to sell. Fidelity explained that sell orders for stocks and ETFs take 2 business days to settle, and the user must wait for the funds to be…
Here’s a summary of the main issue and solutions discussed in the conversation: Main Problem: The user, AverageBusinessMan, reported that after completing quizzes on the Fidelity learning center, they were promised rewards but did not receive any. Solution Provided: Fidelity representatives clarified that there are currently no rewards for the quizzes, but rewards may be…
Here’s a summary of the main problem and solutions discussed in the post: Main Problem: The user is having trouble linking their bank account despite having received and retrieved the verification funds. It has been two days without successful linkage. Solution 1: The user needs to confirm the amount of the micro-deposit through their Fidelity.com…
Here’s a summary of the main problem and the solutions discussed: Main Problem: The user is unable to log in due to a two-factor authentication (2FA) code being sent to an incorrect phone number. Solution 1: If able to log in, the user can update their phone number via the “Profile” link on Fidelity.com, but…
Here’s a summary of the main problem reported by the user and the solutions discussed: Main Problem: The user wants to know if they can withdraw a $6,000 contribution made to a Roth IRA two years ago without incurring taxes or penalties, especially since they have not made any profits. Solution: Roth IRA contributions can…
Main Problem: The user, Parzival1099, is confused about the differences between Certificates of Deposit (CDs) and money market accounts, specifically regarding high yield savings options. Solution Provided: FidelityEmilio clarified that SPAXX is indeed a money market fund and explained its role as a core position for uninvested cash in brokerage accounts. Additional Information: FidelityEmilio compared…
Summary of User’s Issues and Solutions: Main Problem: The user needs to open a youth account for their teen, but the teen does not have a Social Security Number (SSN) or social security card. Solution Provided: The user is advised to contact Fidelity’s 24/7 service team by calling (800) 343-3548 for assistance with the account…
Here’s a summary of the main problem reported by the user and the solutions discussed: Main Problem: Carlito wants to know if dividends from FidFolio baskets are reinvested back into the basket or into the stock that generates the dividend. Solution: Fidelity representatives clarified that currently, dividends received from securities are sent to the core…
Here’s a summary of the main problem and solutions discussed in the conversation: Main Problem: The user, DMO, is trying to check the status of their Letter of Acceptance (LOA) for a rollover into their accounts but finds the process convoluted. Solution Provided: FidelityEmilio suggests a 2-step shortcut on the Fidelity website: after logging in,…
Here’s a summary of the main problem and solutions discussed in the user’s post: Main Problem: The user is unsure how to move money from their “Cash credit” to their current spending balance after cashing a check. Solution: The user later found the answer to their question on their own. Additional Note: A representative from…
Here’s a summary of the main problem and solutions discussed in the post: Main Problem: The user wants to know if they can set up multi-factor authentication (MFA) on their Fidelity account using two different phone numbers. Solution: Fidelity support confirmed that users can add a secondary phone number for 2-factor authentication. This can be…
Summary: The main problem reported by the user is whether they can close an empty brokerage account with Fidelity online after consolidating accounts. The solution provided by Fidelity is that the user can close the empty account through their Virtual Assistant by typing “close account” in the question box and following the prompts. A link…
Main Problem: The user is confused about the process and implications of exercising an option for cash versus shares, including the required buying power and how profits are realized. Solutions Discussed: It is recommended to have sufficient margin or cash equity to support the exercise of long options contracts, with the option to deposit funds…
Main Problem: Rasmit is unsure if their CMA debit card can access funds from their Brokerage account or if they need a separate debit card for that account. Solutions Discussed: The debit card is only linked to the CMA account and cannot pull funds from the Brokerage account. To access funds from the Brokerage account…
Here’s a summary of the main issue and solutions discussed in the conversation: Main Problem: The user is disputing a charge and is concerned that their debit card will be charged within 10 days of the invoice, but they want to delay the charge due to the time it takes to resolve the ticket. Solution:…