24
votes
Why does this 4-week Treasury bill that I bought have a 17-week term and a much earlier issue date?
Fidelity may have sold you a bill that expires 4 weeks from your order date instead of a newly minted bill. It is not uncommon to trade "off-the-run" treasury bills that have identical ...
- 142k
21
votes
Accepted
How to vet a potential financial advisor to avoid being scammed?
How do I make sure they can't do something like transfer all of my money out of the account?
Unless you sign something that authorizes them to make transfers to third-party accounts (whether it's ...
- 7,926
21
votes
Accepted
Why does this 4-week Treasury bill that I bought have a 17-week term and a much earlier issue date?
The other answer is actually misleading. No, Fidelity didn't sell you off-the-run bills. What you got is indeed a newly issued T-bill. There's a term for this: reopening.
https://www.treasurydirect....
- 2,197
17
votes
Why is my 401k manager recommending me to save more?
No one at fidelity told you to save more. Some poorly coded notification system suggested you save a higher percentage of your income with no consideration that your current election is taking you ...
- 49.1k
10
votes
How to vet a potential financial advisor to avoid being scammed?
If you want maximum assurance that they won't do anything shady, look for an advisor that is a fiduciary. This is a special category of advisor that is ethically and legally bound to act in your best ...
- 2,685
8
votes
Does a company allow its employees to roll over their 401K money to an external IRA account while being employed?
There are many things that an employer can customize about its 401(k) plan, and the feature to allow participants to rollover funds out of the plan while still employed is one of those things. You’ll ...
- 116k
7
votes
Accepted
Why can't I open multiple sell orders?
From the message you report, it sounds like you are trying to sell the same shares twice, you have two open sell orders for the same shares. Either you have accidentally entered two sell orders, or ...
- 22.9k
7
votes
Why is my 401k manager recommending me to save more?
You didn't mention how old you are, which may be a factor, but as you observe you are already contributing the maximum you can to a 401(k) (or at least close to it).
Most retirement systems have some ...
- 142k
7
votes
Accepted
Fidelity funds vs S&P 500 (Is fidelity just "bad" at managing money?)
I thought it would be good to diversify with a couple of funds.
By diversifying you made it so that on average you will under-perform the best of the options you picked, it also made it so you would ...
- 145k
7
votes
How to vet a potential financial advisor to avoid being scammed?
they have me convinced that my money would be better off managed by them rather than sitting in a target date fund at Fidelity. So I'm considering letting them manage the assets.
LOL they're lying ...
6
votes
Would funding a Fidelity HSA from a bank account instead of direct deposit incur extra taxes?
Would funding my Fidelity HSA by linking a bank account cause me to pay taxes I would otherwise avoid by using direct deposit?
Yes. As you mentioned, paying out of a bank account means you've already ...
- 7,926
5
votes
Accepted
How can I connect my PayPal account with my Fidelity account?
You cropped the screenshot. In the portion you cropped is a link for "Don't see your bank" which allows you to identify the bank via ACH routing number.
This is more reliable anyway since many banks ...
- 6,788
5
votes
Accepted
Fidelity 401(k) investment
If you did not choose any investment options for your 401(k) plan (administered by Fidelity), then the money that you contribute each paycheck gets deposited into the default investment option which ...
- 31.7k
5
votes
Accepted
What is "NK" and "PAO" in "NK LUKOIL PAO"?
I'd surmise that NK stands for "Oil Company". I note that there's also Rosneft, for example:
NK Rosneft’ PAO (Oil Company Rosneft PJSC)
https://www.reuters.com/companies/ROSN.MM
NK (...
- 8,557
5
votes
Accepted
Can I roll over my Roth IRA into 401(k), and should I?
No, you can't do this, even if your 401(k) has a Roth option. See the IRS's Rollover Chart, noting the 'No' on the top-right for rolling a Roth IRA into a Roth 401(k).
But to be honest, you probably ...
- 16.2k
5
votes
Can I contribute money to a Roth IRA that I had previously withdrawn?
If you withdraw money from your IRA, you have no more than 60 days to put it back before it is final. This is called "indirect rollover". You can only do one indirect rollover per year, at ...
- 184k
5
votes
Would funding a Fidelity HSA from a bank account instead of direct deposit incur extra taxes?
Based on the screenshot that you took, I think that it is possible that there is a misunderstanding here of what your options are and the tax implications.
There is a difference in tax between ...
- 116k
4
votes
What is this fund?
SMID CAP FUND is Fidelity's way of saying SMALL to MID CAP FUND. Small to Medium is self explanatory. Cap is capitalization, and it basically means how much the sum of all the existing shares of the ...
- 2,865
4
votes
Accepted
My previous and current employers both use Fidelity for 401(k). Does it make sense to rollover?
I would check to see what the fee schedule is on your previous employer's 401k. Depending on how it was setup, the quarterly/annual maintenance fee may be lower/higher than your current employer. ...
- 2,732
4
votes
Roth IRA on Fidelity received a IRS Form 990-T. What is this for?
Form 990-T is for Unrelated Business Taxable Income, and Fidelity happens to have a nice help page about the form explains exactly why.
From their page, this is probably what's generating it:
UBTI ...
- 35.9k
4
votes
Accepted
Is "Conversion" a technical term in a Backdoor ROTH Conversion?
Conversion is a technical term used by the IRS, for example on Form 8606. I think the intent is to emphasize that you're not just moving money between accounts; it is potentially a taxable transaction....
- 16.2k
4
votes
Fidelity funds vs S&P 500 (Is fidelity just "bad" at managing money?)
You're looking at the wrong numbers.
To judge whether an asset manager is good at managing money or assets, you need to compare the funds' returns to their specific benchmarks.
For example, FZILX's ...
- 2,197
4
votes
What's the difference between a commission fee and an artificially inflated spread when executing a trade?
What's the difference between a commission fee and an artificially inflated spread when executing a trade?
Conceptually - none. That's how they make money. Practically - they make it seem like they'...
- 184k
4
votes
How to vet a potential financial advisor to avoid being scammed?
Note that you can work with a financial advisor who only advises, without having any access to your funds, and who is paid for by you so you know they aren't biased by possible commissions for ...
- 51.4k
4
votes
Reason for stock not selling at current price
Expert Market of OTC Markets is the riskiest type of penny stock/ OTC stock. According to Wikipedia, Expert Market:
includes defunct companies that have ceased operations as well as
"dark" ...
- 4,443
3
votes
Are the shares that I own via my broker under my name?
When you own stocks or bonds in a brokerage account, they are held in "street name". IOW, the name that appears on the security is that of the broker but you retain ownership rights. This ...
- 77k
3
votes
Why does it take 5-7 business days to transfer a brokerage account from Fidelity to Vanguard?
One big reason (and maybe the only one) is that the institution that has to give up the money is reluctant to do so, and will do anything to make it slow and complicated for you.
Most major ...
- 38k
3
votes
Why does it take 5-7 business days to transfer a brokerage account from Fidelity to Vanguard?
In the United States the Financial Industry Regulatory Authority (FINRA) is a non-governmental self regulatory organization for regulatory oversight over all member securities firms that do business ...
- 2,732
3
votes
Accepted
View asset/holdings breakdown within fund
according to the SEC:
Shareholder Reports
A mutual fund and a closed-end fund respectively must provide
shareholders with annual and semi-annual reports 60 days after the end
of the fund’s ...
- 145k
3
votes
Should I pay more into company pension, or is there a better way to save?
Re:
Specifically, am I right in that everything I put on these is deducted from tax, or are there other rules?
and
Am I correctly understanding this as "anything above £3,600 per year will not ...
- 3,720
Only top scored, non community-wiki answers of a minimum length are eligible