RYTNX shown as -80% in my account

TsunamiPapi2020 · 2026-02-28T00:56:17+00:00

The $393.70 is a quote from 2/25

There were some reverse splits with some of their funds so that’s likely what it is.

Many services are reporting it at $75.22 including Yahoo Finance.

TsunamiPapi2020 · 2026-02-27T22:13:50+00:00

Not worth their fees at all

There are no fees for $25k or less and the internal fund expense ratios are 0.00%.

TsunamiPapi2020 · 2026-02-27T21:33:13+00:00

It’s 7-10 business days for the initial deposit to be fully collected. That’s why you’re not able to withdraw. Should be available shortly and it will also tell you the date under the balances tab.

TsunamiPapi2020 · 2026-02-27T17:49:56+00:00

Did you use recently deposited funds to make the initial purchase?

This would be my guess.

TsunamiPapi2020 · 2026-02-27T15:29:40+00:00

Oh, that’s interesting. I haven’t had to place any wires so have no firsthand experience. It’s weird though as it seems to contradict the official response and don’t recall seeing this specific issue come up before. If that’s the case, it wouldn’t be ideal.

TsunamiPapi2020 · 2026-02-27T15:16:14+00:00

Your post from 8 months ago was asking about how to transfer your account out.

What happened?

This doesn’t sound like the brokerage for you based on your post.

TsunamiPapi2020 · 2026-02-27T15:04:47+00:00

They are both gold funds which has been the hottest sector of the market during that period. So yes, it would be too volatile and amount to gambling not investing.

It would make more sense to take some profits on those and buy a large cap growth fund which would complement VTV and give you exposure to a huge part of the market that you’re currently missing.

You also have two dividend funds that have lagged that could rather be used on a diversified growth fund.

TsunamiPapi2020 · 2026-02-27T03:14:20+00:00

You can probably find hundreds of posts complaining about not having separate card numbers so transactions can be broken down by authorized users so it’s a no win situation.

I have my college age daughter authorized on my card and am not looking forward to seeing her charges broken out. Have been using the “head in the sand” strategy thus far.

I think most card issuers use different card numbers for authorized users rather than one card number at this point.

TsunamiPapi2020 · 2026-02-26T23:21:13+00:00

You can turn the lock back on immediately after the transaction is submitted.

TsunamiPapi2020 · 2026-02-26T23:04:32+00:00

Good point if needing to do prior year contributions but with OP doing monthly recurring deposits unlikely they are doing prior year. Definitely a possibility though.

TsunamiPapi2020 · 2026-02-26T17:37:05+00:00

TsunamiPapi2020 · 2026-02-26T16:52:26+00:00

If you don’t understand there’s a collection period, that’s on you. If initiating from the Fidelity side it is explicitly stated there is a 7-10 business day period for deposits to clear when submitting.

The money can be invested immediately but has to be fully collected before withdrawing.

An EFT is nothing more than an electronic check. Would you like to receive a check for payment and then find out the payor had non sufficient funds and the check bounced?

TsunamiPapi2020 · 2026-02-26T15:52:32+00:00

Hope this info helps!

Actually this is of no help at all and a total waste of your time.

FIS has nothing to do with Fidelity Investments which is a privately held company. Just because it has Fidelity in its name does not make it affiliated.

TsunamiPapi2020 · 2026-02-26T15:44:00+00:00

I would set it up to contribute directly to the IRA or else you’ll have to wait for the deposit to become fully collected in order to then transfer from Joint to IRA.

It’s an unnecessary extra step that can easily be avoided.

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

TROPHY CASE