IRA contributions are not updating

Here’s a summary of the user’s reported problem and the solutions discussed: Main Problem: The user maxed out their Roth IRA for 2024 while ineligible and requested a Return of Excess, but their Traditional IRA contribution tracker still shows the 2024 contributions maxed out. Solution 1: The contribution tracker will not update after a Return…

Improving Advisor Search: Adding Filters and Options

Summary of User’s Issue and Suggested Solutions: The main problem reported by the user is the lack of filtering options on the “Find an Advisor” page, specifically for investment topics and qualifications beyond just location. The user suggested adding filters for specific advisory topics such as retirement planning, tax planning, and various certifications (CFP, CFA,…

Specify the contribution year for an SEP IRA?

Summary of User’s Issue and Solutions Discussed: The user wants to contribute to their SEP IRA for the year 2022 before the filing deadline, but the web system only allows transfers for the current year, 2023. Fidelity clarified that the contribution deadline for SEP IRAs aligns with the tax filing deadline of the business, which…

I would like to convert IRA to a Roth IRA, Does Fidelity have any educational info on this process?

Here’s a summary of the main problem and solutions discussed: Main Problem: The user is interested in converting an IRA and a traditional 401k to a Roth IRA but seeks guidance on the process, potential tax implications, and how to avoid moving into a higher tax bracket. Solution: Fidelity provides articles outlining the advantages and…

Need to Disable DRIP

Summary of User’s Issue and Solutions Discussed: The main problem reported by the user is difficulty in turning off the Dividend Reinvestment Plan (DRIP) for future equity purchases, despite following the steps to manage dividends. Fidelity suggested that the issue may occur if the election to have dividends sent to the core was completed after…

Can’t Contribute to Fidelity Roth IRA After Withdrawals

Summary of User Concern and Solutions: Main Problem: The user, Nick, is unable to add money back to his Roth IRA after making a withdrawal because he has already reached the contribution limit of $7,000 for the year. The Fidelity representatives confirmed that withdrawals from a Roth IRA do not reset the contribution limit for…

My account is restricted from trading credit from my account i have to wait till settled funds

Here’s the summary of the user’s issue and the solutions presented: Main Problem: The user is unable to trade with unsettled funds in their account, which restricts their trading ability until the funds settle after about five days. Possible Solutions: Check the Message Center on Fidelity.com for any notifications regarding account restrictions. Review the potential…

Navigating Fidelity Trading Options in Australia

Here’s a summary of the main problem and solutions discussed in the conversation: Main Problem: The user’s friend in Australia is struggling to start trading due to local requirements and is looking for information on Fidelity’s account setup. Solution Provided: Fidelity representative suggested that the friend check Fidelity International’s website for more information, specifically providing…

How to Address Mistakes on My Options Application

Main Problem: The user made a mistake on their application and is uncertain whether to correct it or let it expire. Possible Solutions: Contact Fidelity through Modmail on their subreddit for personalized assistance. Send a private message on platforms like Facebook or Instagram if the user does not have a Reddit account. Reach out to…

I Need Help Resolving My NetBenefits Login Issue

Summary of User’s Issue and Solutions Discussed: Main Problem: The user, r.styler, is having trouble logging into their NetBenefits account and is receiving an error code (628). Initial Troubleshooting Steps: The user was advised to manually enter the web address, clear browser cache and cookies, and try logging in from different devices and browsers. Error…

Transfer from Empower Premier IRA to Fidelity

Summary: The main problem reported by the user is confusion about the forms needed for transferring an Empower IRA to Fidelity, specifically which form Fidelity requires and whether they need to request a Letter of Acceptance from Fidelity. Fidelity recommends starting the Transfer of Assets (TOA) process through their website, ensuring the account at Fidelity…

How long does it take for Fidelity to execute my recharacterization request?

Here’s a summary of the main problem and solutions discussed in the post: Main Problem: The user mistakenly contributed to a 2024 Roth IRA, unaware that their joint income with their spouse would exceed the contribution limit, and is concerned about the recharacterization process and potential value decrease of the contribution. Solution 1: The user…

Reporting a Text Error in the Android App for Mutual Funds

Here’s a summary of the main issue and the responses regarding the user’s concern: Main Problem: The user noticed a typo in the android app where “expense ration” is displayed instead of “expense ratio.” They are unsure if this is a bug or a different term. Solution Provided: Fidelity representative acknowledged the feedback and confirmed…

Approved for Level 2 options. Why can’t I sell a cashsecured put and a call spread at the same time?

Summary of User Concern and Solutions: The main problem reported by the user is the inability to execute a combined order for selling a cash secured put and a call spread, receiving an error message that the order exceeds their option level, despite being approved for both strategies. A suggested solution is to change the…

Managing Dividends and Gains on Core Position

Summary of User Inquiry and Response: The main problem reported by the user is the confusion regarding the difference in managing dividends and capital gains in a money market core position, specifically between the options “reinvest in security” and “Deposit to Core Account.” The solution provided indicates that there is no difference in the outcome…