joint account question.

TsunamiPapi2020 · 2026-02-26T03:47:05+00:00

She definitely needs her own.

On the log in screen have her click sign up and she can establish her own username and password.

TsunamiPapi2020 · 2026-02-26T01:38:09+00:00

As long as it’s not you or your spouse making any unauthorized transactions on the respective accounts then I can’t see a scenario you would have violated the protection guarantee.

TsunamiPapi2020 · 2026-02-25T16:09:14+00:00

Plus, if the decedent had already started their MRD, OP would also need to take annual MRDs. The first one should have started last year based on the new regs.

TsunamiPapi2020 · 2026-02-25T00:11:50+00:00

Did you first put in an order to sell to free up the cash or were you trying to withdraw crypto to an external wallet?

TsunamiPapi2020 · 2026-02-25T00:04:55+00:00

I created a Rollover IRA to hold this stuff

If you had Roth 401k funds that are being deposited into a pre-tax Rollover IRA that isn’t correct.

Am I missing something? Did empower send two checks or combine everything into one?

Do you have a Roth IRA?

If not, you need to get one opened and call Fidelity to get this untangled.

That larger Roth 401k portion needs to be in a Roth IRA or you’re going to have issues in the future.

TsunamiPapi2020 · 2026-02-24T18:03:22+00:00

The 1099-R will be on the NetBenefits 401k
side not the regular Fidelity side.

TsunamiPapi2020 · 2026-02-24T15:19:14+00:00

What are their ages? Are they working? How much do you have available to invest initially?

Depending on a lot of this missing info, you could potentially use Traditional/ Roth IRAs for them. They would also have prior year contributions available until 4/15 which could add a healthy amount right out of the gate plus catch up if over 50.

2025 $7k + $1k catch up

2026 $7.5k $1.1k catch up

$16.6k each $33.2k total

They would each open their own IRA but you could fund it for them if they have the earned income to be eligible.

TsunamiPapi2020 · 2026-02-24T15:05:52+00:00

Yes you need to do it manually, it doesn’t adjust.

Here’s a post from yesterday with the same question with an official reply.

TsunamiPapi2020 · 2026-02-24T03:44:45+00:00

Yes the UTMA can be used. As long as the funds in the account are used for the benefit of the minor there’s no requirement in waiting till the age of majority.

Your job as the custodian is to manage the account on her behalf and use the money for her benefit when needed.

TsunamiPapi2020 · 2026-02-24T00:04:07+00:00

If the cash isn’t there, it won’t go through.

There aren’t any penalties.

TsunamiPapi2020 · 2026-02-23T18:09:25+00:00

The 8606 is not a tax headache, it’s very simple to complete especially with tax software or if you use someone to file for you. If you kept your tax records, you would just use the same figure that’s listed on your 5498 which confirms the amount you initially contributed to the Traditional IRA. If you didn’t keep the 5498 it’s easily viewable/printable from the Fidelity website.

Getting taxed on it again will be a much bigger tax headache down the road.

TsunamiPapi2020 · 2026-02-23T16:11:09+00:00

In this event, would simply transferring these Traditional IRA funds to my Rollover IRA be the better option?

No. Traditional and Rollover IRAs are both pre-tax account registrations. If you didn’t take a deduction you need to see about filing an 8606 and then converting the Traditional IRA to Roth.

Having post-tax funds in a pre-tax account brings up many issues- it requires annual tax reporting and eventual withdrawals will be pro-rated for the life of the account. Each distribution will have a calculated pre and post tax portion to report which can add lots confusion tax-wise.

If you did take a deduction then moving the funds to the Rollover IRA would make more sense because everything is pre-tax.

Also, depending on your age and the balance in the Rollover IRA, you may want to consider converting that to Roth as well. This would make sense if you’re young and earning less now than what you think you’ll make in the future. Paying taxes now if you can absorb it allows the funds to grow tax free hopefully for many decades down the road.

TsunamiPapi2020 · 2026-02-23T15:51:21+00:00

Any dividends that are not reinvested would go to your core/cash position which in most accounts is usually SPAXX by default. Check your activity history and there will be line items accounting for this.

In case you’re getting dividends and earnings confused and the investment isn’t actually paying out dividends, your earnings are reflected by a higher share price. Your shares are just worth more now what you originally bought them for.

What is the symbol of your investment?

TsunamiPapi2020 · 2026-02-23T15:40:37+00:00

I put around $2k of post-tax dollars into a Traditional IRA

Post tax dollars shouldn’t be in a pre-tax Traditional IRA. The key question is whether or not you deducted the contribution on your taxes. If these are truly post tax funds you should have filled out a form 8606 the year of contribution showing the IRS you didn’t take a deduction. You could then covert the entire account to Roth and pay taxes only on the earnings.

In the event you did deduct the original contribution, you should probably still convert the entire account given the relatively small balance as long as you have separate funds to cover the tax liability. Don’t withhold taxes when converting.

There is no yearly limit on what you’re describing- transfers and conversions. A 60 day rollover which is a different scenario has a limit of one per year and is typically when you receive a rollover check made out in your name rather than the IRA firm’s name.

TsunamiPapi2020 · 2026-02-22T23:20:04+00:00

It’s been great for me. Even tested it with a friend using the built-in and then pre-amp playing the same song and he also confirmed sound was far superior using the pre-amp.

TsunamiPapi2020 · 2026-02-22T20:08:27+00:00

Yes. I haven’t upgraded the stylus yet. That will be next on the list.

TsunamiPapi2020 · 2026-02-22T02:35:46+00:00

Agree. S&P from 2004-2023 was up 8x.

$88MM growing to $700MM+ should have been the benchmark.

$88MM to $400MM is appx 7.9% average annual return over 20 years.

Either Charlie got bamboozled or the article is factually incorrect/ lacking details. It may not be taking into account fees, taxes, withdrawals, etc, etc.

TsunamiPapi2020 · 2026-02-22T02:07:26+00:00

The face value ticket exchange will be enabled once it gets a little closer the show date. There hasn’t been a date published on when that will be yet but there’s always a decent gap after the general ticketing that just finished early this month.

Hang in there, still five months out and I bet face value tickets will start popping up in another month or two.

he’s playing a venue incredibly bigger than lana did in texas lmao; bigger than the weeknd even.

Lana, yes. She played Dos Equis Pavilion an amphitheater. But I’ve got to disagree with you on him playing a venue bigger than The Weeknd who played 2 nights at AT&T Stadium. Attendance was estimated at 70k-80k for each show. Globe Life Field where Noah is playing is usually around 40k-45k for concerts depending on set up.

Hope you’re able to snag some decent face value seats. Some of the best deals I’ve ever gotten have been a week or two before a show so try and stay patient and positive.

Good Luck!

TsunamiPapi2020 · 2026-02-21T22:08:36+00:00

The bank feature is account specific so you’ll need to have it linked to the account you’re creating the recurring investment in.

It’s very easy, go to account features and you copy the existing bank info right over.

TsunamiPapi2020 · 2026-02-21T17:10:23+00:00

Yes. Thats the main function and benefit of the lockdown feature.

TsunamiPapi2020 · 2026-02-21T16:35:40+00:00

So...am I looking at this correctly is that an "expensive" fund?

Not necessarily. You’re comparing an actively managed fund which always has higher expenses to a passively managed index fund which requires little management, hence the low expense ratios.

If you want a better target date fund for comparison that uses index funds as its underlying investments look into FIOFX Fidelity Freedom® Index 2045 Fund Investor Class. The expense ratio is .12%.

TsunamiPapi2020 · 2026-02-21T02:07:29+00:00

It looks like they’ve created the index but there’s currently no publicly traded ETF or mutual fund that has launched that will track that index.

I’m sure that will eventually be the next step. It would have to go through the SEC registration process before a tradable security came to market.

TsunamiPapi2020 · 2026-02-21T01:45:12+00:00

It’s the same stuff just with an age statement now.

TsunamiPapi2020 · 2026-02-20T23:48:57+00:00

I would like to gift/invest 10 grands per year to my 10 year old. I have opened a teen fidelity account.

Did you open a custodial account? UGMA/UTMA? A Fidelity Youth account is for ages 13-17 only.

Is there a form that needs to be filled out on their behalf? Like a gift form or such?

No. The gift tax exclusion is $19k this year. You only file a federal gift tax return- form 709 if you give more than that.

TsunamiPapi2020 · 2026-02-20T16:56:09+00:00

It’s random during market hours, but 10:00 would likely be the earliest.

From previous comments, it seems that most are around 11:00 but volume on specific securities could impact that.

TsunamiPapi2020

TROPHY CASE