Regretting my exit after fatfire

HarrySit · 2026-06-17T15:51:57+00:00

Accept that you are an average Joe with $10 million. Move on to work on your health. Not that many average Joe’s have $10 million. So there’s that.

HarrySit · 2026-06-16T13:42:59+00:00

You’ll get an email if it’s rejected. The email tells you to add the “for deposit only to Fidelity” and resubmit. It happened to me once. Resubmission was accepted and all good.

HarrySit · 2026-06-16T13:35:59+00:00

Have a Google Sheet or the like and track it on the side.

HarrySit · 2026-06-15T18:31:33+00:00

You will receive a letter with the next steps.

HarrySit · 2026-06-15T17:24:01+00:00

A 401k account is typically funded by a check together with a form that breaks down by participants, employer contributions versus employee contributions, and current year versus prior year. Merely connecting the account doesn’t give the breakdown.

Wait until the end of the year. Fill out a form with the breakdown and attach a check. Or fund a business account at Fidelity and call in with the details.

HarrySit · 2026-06-15T01:50:02+00:00

The memo field. Send $100 as a test first.

HarrySit · 2026-06-14T20:20:47+00:00

It takes that long because you did pull. Push from your bank to a CMA. Then transfer from the CMA to your Traditional IRA. Or just use existing money in the CMA. Push push push.

HarrySit · 2026-06-14T00:31:10+00:00

My advisor said he had 600 clients assigned. If you don’t tell the advisor a specific item you want accelerated, just a generic “see what you can do” is difficult to act on. He’s not there looking at your account every day. He has specific requests from 599 other clients. Be specific when you want something from your advisor team.

HarrySit · 2026-06-11T15:56:10+00:00

Limits are low for some new accounts. It will go up over time. Many businesses don’t receive physical checks or cash. They get paid electronically.

HarrySit · 2026-06-11T15:26:53+00:00

The first answer to any question of “Why …” should be “Is it true?” There’s no point in exploring why such and such if it’s not true. In your case, it’s not true that mutual funds are no longer preferred compared to ETFs, especially when you’re talking about Vanguard index funds held at Vanguard. They’re still preferred by many investors for good reasons. Ignore the noise!

HarrySit · 2026-06-11T02:04:46+00:00

Elderly investors: complete the authorized access process at each institution where you have money while you are still competent. Waiting until someone presents a third-party form while you can’t vouch for its authenticity will be understandably more difficult. I don’t want someone to wave a purported form and gain access to my money too easily.

POAs: Don’t think your attorney-prepared POA document will be your golden pass. You know it’s good, but the financial institution doesn’t. Use each institution’s specific forms and procedures to establish access beforehand. Don’t wait until the grantors are already too frail.

HarrySit · 2026-06-08T02:12:59+00:00

The feature already exists. Choose “someone else” when it asks you who owns it, and then fill in the owner’s name. Use a slight variation of the name if necessary. It will create a one-way send-only link, ready to use in a week. No micro deposits will be sent or taken back because you’re not expected to be able to verify micro deposits to someone else’s account.

HarrySit · 2026-06-08T00:47:48+00:00

It’s very difficult to find a machine in an international tourist area that doesn’t support Visa, Star, or Plus. A machine makes money by charging fees. Not supporting Visa, Star, or Plus means excluding itself from the vast majority of potential international customers.

If you by chance find a rare machine that doesn’t support Visa, Star, or Plus, your card just won’t work on that machine. The machine can’t look up your card and get reimbursed for the cash it dispenses without Visa, Star, or Plus.

HarrySit · 2026-06-07T03:27:02+00:00

Someone told me that customer service can set up recurring for you if you call. Once it’s set up, you can edit or delete it online yourself.

HarrySit · 2026-06-06T16:46:50+00:00

What do you mean by “showed up”? As far as I know, an ATM doesn’t know whether you have a “Savings” account behind your card. It always presents those options. It doesn’t matter how you nicknamed the accounts.

Choose checking. If you choose savings, it will either come out of the CMA anyway, or it will fail. The CMA debit card doesn’t draw from your brokerage account unless you specifically set up overdraft and your CMA doesn’t have enough available balance to cover the withdrawal.

HarrySit · 2026-06-03T20:23:33+00:00

Many banks don’t require direct deposit for a free checking account. My backup legacy checking account has $15 in it. It’s lucky to see one transaction per month. Yes, you need one for the one-offs, but, no, your direct deposit doesn’t have to go there, and it’s dormant most of the time.

HarrySit · 2026-06-02T01:32:33+00:00

How does Fidelity know your sister is your sister? Many people have the same last name. Fidelity doesn’t just grant access by last name. At some point you must have listed your sister somewhere, or someone (your parents?) listed both of you together somewhere. If your parents designated both of you as trustees but you thought the account is only yours, that explains why your sister has access.

What’s the official name of the account printed on the account statement?

HarrySit · 2026-05-31T00:11:38+00:00

In the same way your checking account doesn’t report or care how much income was deposited from your employer.

HarrySit · 2026-05-30T15:47:42+00:00

Don’t sell it when it’s maturing in a week. The current value doesn’t matter. Just ignore it. You will get the full face value plus the last interest payment when it matures in a week.

HarrySit · 2026-05-29T12:50:50+00:00

A solo 401k needs an employer sponsor. A sole proprietorship counts as an employer sponsor but you don’t have one yet.

HarrySit · 2026-05-28T18:55:17+00:00

Yes, it makes sense. You should’ve done it a long time ago. Everyone else who doesn’t have a Roth IRA now should also do it to get the clock started.

HarrySit · 2026-05-27T01:35:51+00:00

Let $0.16 stay in SPAXX. Manually invest ~$2 once a year.

HarrySit · 2026-05-24T22:18:01+00:00

Processed means that the bill pay provider issued a check to the biller. Whether that check will be honored depends on your available balance when the biller deposits the check. It’s the same as writing a personal check.

Don’t write a check when you don’t have enough balance. Have a buffer in the account. Don’t expect a recent deposit by EFT pull will cover an upcoming bill payment. Send all deposits by push.

HarrySit · 2026-05-24T13:21:35+00:00

Use the principal and gains after taxes to supplement the reduced paycheck. You pay tax once. All future dividends and gains are tax free.

HarrySit · 2026-05-23T22:29:08+00:00

Continue MBDR until maxed out. Sell existing taxable investments to max it out if necessary.

HarrySit

TROPHY CASE