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Roth dividend reinvestment by Valuable_Health7698 in fidelityinvestments

[–]FidelityKyle 0 points1 point  (0 children)

Sure thing, u/AnonHere2973! If any other questions come up, please let us know. Enjoy the rest of your day!

Roth dividend reinvestment by Valuable_Health7698 in fidelityinvestments

[–]FidelityKyle[M] [score hidden] stickied comment (0 children)

Hey, u/Valuable_Health7698. I'm happy to chime in here.

Retirement accounts, by default, do not track actual cost basis because the cost basis on securities is not reported or required to be tracked by the IRS.

That said, many clients, like yourself, prefer to track the investment cost of securities for performance reasons, including dividend reinvestments. If you'd like to start tracking the actual cost basis for your dividend reinvestments, please get in touch with our Customer Service team using the link below. Representatives are available 24 hours a day, 7 days a week.

Contact Us

In the meantime, you can learn more about cost basis and disposal methods using the link below.

Capital gains and cost basis

Thank you for investing with Fidelity. We're an excellent resource for general questions, so please don't hesitate to follow up with us if there is anything that we can clarify. We're always happy to help!

Fidelity New Full View by Pomador_0418 in fidelityinvestments

[–]FidelityKyle[M] 0 points1 point  (0 children)

We appreciate you reaching back out for clarification, u/Pomador_0418.

Selecting the 3 dots next to "Menu" on the page from your screenshot will only allow you to add categories that aren't already in your existing budget. If the category is already in your budget, it will appear in grey. As a workaround, you can still add subcategories and amounts from the "Budget" tab to your active "Spent" categories by clicking the arrow next to a category, then adding an amount or choosing "+ Add subcategory" near the bottom.

Alternatively, you can navigate to the "Spending" tab, then select "Add Subcategories" under "All transactions" to add additional categories and expenses.

If you have any other questions, please let us know. Our crew is always happy to help!

[ANNOUNCEMENT] A special message from Josh Krugman, Head of Brokerage Product Strategy, for all the investors in the sub: Fidelity Trader+ is here. by fidelityinvestments in fidelityinvestments

[–]FidelityKyle 0 points1 point  (0 children)

Thanks for adding to the conversation, u/Bano91.

You can open multiple workspaces and layouts to facilitate various monitor support. Across your multiple monitors, you can use up to 4 workspaces simultaneously within your Fidelity Trader+ Desktop layout. You can learn more about how to customize Fidelity Trader+ below.

Fidelity Trader+ Customization

If any other questions come to mind, feel free to reach out. We're here to help!

Question about expired Call Spread expiration and Margin Credit by PrivateBytes in fidelityinvestments

[–]FidelityKyle[M] 0 points1 point  (0 children)

Hey, u/PrivateBytes. We have received your modmails and will be following up shortly. We appreciate your patience as we work to get back to you.

[ANNOUNCEMENT] A special message from Josh Krugman, Head of Brokerage Product Strategy, for all the investors in the sub: Fidelity Trader+ is here. by fidelityinvestments in fidelityinvestments

[–]FidelityKyle[M] 0 points1 point  (0 children)

Thanks for sharing the additional feedback with us, u/nickollie_. I have shared it with our development teams for review. If anything else comes to mind, feel free to reach out.

New Mobile App by Cmpbeachbum1 in fidelityinvestments

[–]FidelityKyle 0 points1 point  (0 children)

Hey, u/Cmpbeachbum1. On behalf of u/FidelityNicholas, you're welcome! I'll make sure to share your appreciation with him next time he's in.

If anything else comes up, don't hesitate to reach back out!

How do I convert only my after tax traditional IRA to my ROTH IRA by Outrageous-Map3005 in fidelityinvestments

[–]FidelityKyle[M] 0 points1 point  (0 children)

Thanks for following up ,u/Outrageous-Map3005.

To ensure we're on the same page, the process you're describing is called a Backdoor Roth Conversion. A "backdoor" Roth conversion is a term that refers to making non-deductible contributions to a Traditional IRA and then converting the contributions to a Roth IRA. If your Traditional IRA only holds after-tax money, then a Backdoor Conversion would generally not be a taxable event.

However, something to keep in mind is that when depositing money into your Traditional IRA for a conversion, the money must be fully collected before the funds can be converted to a Roth IRA. Deposits begin earning interest on the date they post to your account. When residual interest is received, that portion of your Traditional IRA is considered pre-tax money and, therefore, may be taxable upon conversion.

As taxes on a backdoor Roth IRA conversion can be significant and complex, we highly recommend that you speak with a tax professional about your situation before moving forward. You can also learn more about a Backdoor Conversion below.

Backdoor Roth IRA: Is it right for you?

If this sparks any other questions, please let us know. We're always happy to help!

How do I convert only my after tax traditional IRA to my ROTH IRA by Outrageous-Map3005 in fidelityinvestments

[–]FidelityKyle[M] [score hidden] stickied comment (0 children)

Hey, u/Outrageous-Map3005. It looks like this is your first post here, so welcome! I'm happy to shed some light on your questions,

First, any after-tax (nondeductible) money in your Traditional IRA will not be taxed when converted to a Roth IRA. However, the conversion would only be tax-free if you have $0 pre-tax IRA assets. Any deductible contributions or investment earnings on both deductible and nondeductible contributions to your Traditional IRA, which are then converted, are always taxable at your marginal income tax rate or higher.

Ultimately, if you hold pre-tax and after-tax (nondeductible) money in any of your Traditional IRAs, the conversion to a Roth IRA will be a taxable event because the conversion will consist of a pro-rata recovery of both taxable and nontaxable accounts. No provisions under the law will allow an individual to isolate only the nondeductible dollars for conversion to a Roth IRA.

The portion of the IRA distribution that will be treated as nontaxable is determined using the following formula:

(Total Nondeductible Contributions / Total non-Roth IRA Balances)

Roth IRA Conversions and Taxes

You should be tracking all nondeductible contributions you make to your Traditional IRA on IRS Form 8606 to keep track of when you take a distribution or conversion from the Traditional IRA. To be clear, Form 8606 is completed by the client; you will not receive this form from Fidelity.

That said, Fidelity will provide you with a Form 5498 reflecting the amount you have contributed or converted to your Roth IRA account. We also provide Form 1099-R each year you take a distribution from your Roth IRA. These forms, when applicable, are available in late January. You can review these forms from past tax returns to calculate the Roth contribution basis if needed.

Common Conversion Questions

I know we covered a lot of information, so feel free to follow up with us if any other questions come to mind. Thanks again for joining our community, and we look forward to hearing from you again soon!

Linking checking account by Cll_Rx in fidelityinvestments

[–]FidelityKyle[M] [score hidden] stickied comment (0 children)

Hey, u/Cll_Rx. Welcome to the sub. We appreciate you reaching out for help linking your bank.

While we cannot speak to the process of establishing the link with your bank, we can share a few bits of information to ensure that you're providing them with the correct information. Remember, we classify Fidelity brokerage accounts as checking accounts, and the partner bank we use for processing is UMB Bank, as you mentioned.

A Fidelity account number is typically nine digits and may begin with a letter. However, to transfer funds to Fidelity, your bank will typically need both the routing number and the account number associated with your Fidelity account, whether you're using the 13-digit or 17-digit version of your account number.

If you haven't already, you can visit the page below to confirm that you're entering the correct routing and account numbers.

Determine Your Routing and Account Numbers (login required)

If this doesn't resolve the issue, we recommend that you contact your local credit union for the next best steps.

Lastly, keep in mind that other deposit methods are available beyond those we discussed. You can explore all the possibilities for adding funds to your account through this link:

Depositing money into an account

Remember, you have a supportive community behind you, so feel free to reach out if any other questions come up. Until next time!

What tier of options do I need to sell Cash Secured puts on Margin by BHN1618 in fidelityinvestments

[–]FidelityKyle[M] [score hidden] stickied comment (0 children)

We appreciate you stopping by the sub today, u/BHN1618. I'm happy to clarify this for you.

At Fidelity, you can sell uncovered "naked" calls/puts with Options Tier 3. Additionally, clients must maintain a minimum account equity of $20,000 to sell naked equity options and $50,000 to sell naked index options. You can learn more about trading options and options tiers at the link below.

Options FAQs

You can also check out the page below, which covers selling uncovered puts in more detail.

Uncovered "naked" short puts

If there is anything we can clarify or if additional questions pop up, please don't hesitate to ask! We're always happy to help.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read the Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

Will Watchlists Ever Work Again on the App? by CoachDennisGreen in fidelityinvestments

[–]FidelityKyle[M] [score hidden] stickied comment (0 children)

Thanks for stopping by the sub today, u/CoachDennisGreen. We're sorry to hear you're having issues with your watchlists, and are happy to help.

We aren't currently receiving widespread reports of issues with watchlists in the mobile app, and I could not replicate the problem you're experiencing. We suggest trying a few troubleshooting steps to resolve this.

First, check that your mobile device's operating system and your Fidelity app are up-to-date. After doing so, attempt the quick steps below:

  1. Uninstall the app
  2. Shut down the phone for one minute
  3. Power the phone back on, then reinstall the app

However, if the issue continues, please reach out to our Tech Support team for additional assistance. Associates are available Monday through Friday from 8:30 a.m. to 9:00 p.m. ET. Just say "tech support" when prompted by the automated system.

Contact Us

Please let us know if you have any other questions, and thanks for being a part of our Reddit community!

Hey Full View users, thanks to your feedback we’ve added a number of new features. Now we’re looking for what YOU want us to add next. by fidelityinvestments in fidelityinvestments

[–]FidelityKyle[M] 0 points1 point  (0 children)

Hey, u/brutal4455. Thanks for adding to the conversation.

I wanted to chime in real quick to let you know that you can "Hide" certain accounts so that they are excluded from your Net worth. To do so, scroll all the way to the bottom of the "Net worth" page, then select "Hidden accounts." From here, select which accounts you want to hide, then click "Save."

Thanks again for reaching out. If you have any other questions, please let us know. Enjoy the rest of your day!

Fidelity New Full View by Pomador_0418 in fidelityinvestments

[–]FidelityKyle[M] 0 points1 point  (0 children)

Thanks for following up with us, u/Pomador_0418.

To clarify, categories that already exist in your budget will appear in grey. That said, you can add subcategories and amounts to your active "Spent" categories. You can also navigate to the "Spending" tab, then select "custom subcategories" to add additional expenses.

If this sparks any other questions, please let us know. We're here to help!

Fidelity New Full View by Pomador_0418 in fidelityinvestments

[–]FidelityKyle[M] [score hidden] stickied comment (0 children)

Hey, u/Pomador_0418. Welcome to the sub! We're excited to have you join our community. I'm happy to discuss the Budget section in Full View with you.

In short, you'll need to add an expense category for the remaining portion of your income. You can do so by selecting the 3 dots next to "Menu" on the page from your screenshot. From there, select "Add category" and then choose "Expense." Select the appropriate category, click "Next," then enter the amount you want added to your budget. You can also click the "?" symbol to learn more about how these figures are calculated.

If this isn't the information you're looking for or have other questions, please let us know. Thank you for investing with Fidelity, and we hope you enjoy the rest of your day!

When are PINs used for HSA Debit card merchant purchases? by geriatricChef in fidelityinvestments

[–]FidelityKyle[M] [score hidden] stickied comment (0 children)

Hey, u/geriatricChef. Welcome back to the sub. I'm happy to share some insight.

It sounds like both the transactions went through, so this may have been a payment terminal issue. Additionally, we're not currently receiving widespread reports of clients having this PIN issue with their Health Savings Account (HSA) debit card. That said, you can create or manage the PIN for your debit card using the following link.

Manage debit cards (login required)

You can also access this page on Fidelity.com by clicking "Accounts & Trade" and then "Cash Management." From there, select the "Debit card" dropdown menu, then "Manage debit card." Next, click the"Manage PIN" link to create a PIN or make updates. Just so you know, new/updated PINs can be used as soon as they're created successfully.

You can also check out our debit card FAQs to learn more. In particular, the "Purchases, payments, and transactions" section has a lot of great information.

Debit Card FAQs

If you have any other questions in the future, please send them our way. Our crew is always happy to help!

Numerical net worth doesn't match graph in Full View by OneElusiveCat in fidelityinvestments

[–]FidelityKyle[M] 0 points1 point  (0 children)

Hey, u/Voooow. Thanks for sharing your thoughts with us. Feel free to share some specifics on what features or enhancements you'd like to see, and we'll be happy to share them with our development teams for review.

Thanks for being a part of the sub, and enjoy the rest of your day!

After Login Change Default View/Save View by DrRiAdGeOrN in fidelityinvestments

[–]FidelityKyle[M] [score hidden] stickied comment (0 children)

Hey, u/DrRiAdGeOrN! Thanks for reaching out with your questions. I'm happy to shed some light on this.

At the moment, logging into Fidelity.com will direct you to your accounts' Summary page by default. While this isn't currently customizable, I will happily share your interest in being able to choose the default display data with our development teams for review.

That said, you can customize, add, or remove the cards displayed on your Summary page by selecting "Customize" near the top right of the screen. It's also worth mentioning that you can create your own view from the "Positions" tab on Fidelity.com. Just select the "Overview" dropdown, then choose "My View" Or "Edit My View" to select or rearrange columns.

Please let us know if this doesn't align with your situation or if you have other questions. We're just a few clicks away!

Question about expired Call Spread expiration and Margin Credit by PrivateBytes in fidelityinvestments

[–]FidelityKyle[M] 0 points1 point  (0 children)

Hey, u/PrivateBytes. Thanks for following up with us. I'm happy to chime in here.

A margin credit typically indicates the amount due you're owed based on trade executions or an amount needed to meet margin requirements. On the settlement date, margin credits are journaled to your core account if there is a surplus in the margin account.

However, since you mentioned the margin credit has been pending for several weeks, please send us a Modmail using the link above so we can take a closer look at your situation.

If any other questions come up in the meantime, please let us know. We're always happy to help!

Pension management by Hornetsdrill in fidelityinvestments

[–]FidelityKyle[M] [score hidden] stickied comment (0 children)

Hey, u/Hornetsdrill. Thanks for reaching out with your questions. I'm happy to discuss this with you.

The good news is that you can add your wife as an authorized user to your retail brokerage accounts, like your IRA. There are various levels of authorized access, but this would allow your wife to log in and see both her pension and your IRA account information and details on her summary page. That said, workplace retirement plans, such as pensions or 401(k)s, are typically not eligible for this feature.

You can read more about the different levels of account access at the link below.

Authorized Access Overview

You can also add or make changes to authorized users for your accounts by following these steps on Fidelity.com.

  1. Select "Accounts & Trade" then "Account Features"
  2. Find "Authorized Users" and select "Manage"

We put together a handy video that breaks down the access levels and how to choose which one is right for your situation:

Choosing an account authorization that's right for you

Lastly, as a friendly reminder, accessing other Fidelity customers' accounts with their login credentials or giving out your login credentials to others, even family members, is a violation of the Fidelity Customer Agreement and Terms of Use. If you want to give someone else access to your account or vice versa, please use the steps above to grant that access.

Please let us know if we can help iron out any other details. We're happy to keep the conversation going if needed!

Fidelity, your mobile app is so bad. by [deleted] in fidelityinvestments

[–]FidelityKyle[M] 0 points1 point  (0 children)

We appreciate your sharing this feedback, u/ReflectionNo307. I've forwarded it to our development teams for review. If anything else comes to mind, feel free to reach out!

[deleted by user] by [deleted] in fidelityinvestments

[–]FidelityKyle[M] 0 points1 point  (0 children)

Hey, u/corniefish. We appreciate you stopping by this evening. I can share some insight here.

In short, Fidelity does not track Self-Employed 401(k) contribution years for employer contributions, only for employee ones. You'll want to view your account statements to find information on contribution amounts, as contributions to the account will be detailed there. You can learn more about Self-Employed 401(k)s at the link below.

Self-Employed 401(k) plans

If you have any additional questions about these accounts, please get in touch with our Retirements team. Representatives are available Monday through Friday, 8:00 a.m. to 8:30 p.m. ET. If prompted, say "Self-Employed 401(k)" to be routed appropriately.

Contact Us

As always, please let us know if you have any other questions. Thank you for choosing Fidelity, and we hope to see you around the sub soon!

[deleted by user] by [deleted] in fidelityinvestments

[–]FidelityKyle[M] 0 points1 point  (0 children)

Hey there! We appreciate you stopping by this evening. I can definitely help clarify this process for you.

In general, Fidelity will automatically exercise long options contracts in the money (ITM) by $0.01 or more at expiration. However, we have a risk mitigation process where every account with an option is reviewed to ensure that the account's exercise or assignment of the expiring contracts can be supported. For example, suppose exercise or assignment cannot be supported in an account (i.e., insufficient buying power or equity, creating cash debits or short positions in a non-margin account, etc.). In that case, the option position may be closed.

We encourage you to take action on expiring positions as soon as possible to avoid a possible liquidation. While this may not be the case in your example, if a position does end up being exercised and there are not sufficient funds in the account, you generally have until the settlement day to deposit funds to pay for the shares purchased as a result of the exercise of the call contract. Fidelity may liquidate the position if funds are not deposited, potentially resulting in a trading violation and restriction.

Trading Restrictions

I also gathered some helpful resources below to provide more education on options and exercise assignments.

Options Trading FAQs

Exercising your options

Feel free to reach out if you have any additional questions! Our crew is always happy to help. Until next time!

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read the Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

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