I have about $700k in Fidelity 401k with previous employer. I am with a different employer now.
My 401k now is invested under a target date plan.
I am over 59 and half years old now. And I want to retire at 63.
I have a few questions before doing anything real.

1. Should I convert all my money in 401k to Rollover IRA? And Why?
2. If I convert it to Rollover IRA, will there be any tax?

Any suggestion is very much appreciated.
Thank you.

Hi I am a physician in Southern California. I have a W2 job which requires no weekend or overnight call. I have a separate 1099 job at the same hospital which pays me for my weekend and overnight calls. For the 1099 job I have set up an S Corp. My accountant has recommended
That I set up a SEP/IRA and a cash balance plan. Because some extended family members have had accounts with Morgan Stanley and I am in talks with Morgan Stanley to set up the SEP and cash balance plan.

My question is: would you recommend setting up the SEP/IRA through Morgan Stanley?

I’m trying to set up my Roth IRA with fidelity. I have the account open and linked my bank account, but I can’t put money into the IRA. It says I only have one account, the IRA, which has no money in it. I called customer service and they said I have to do the first deposit from my banking app, I use Pinnacle so I connected my fidelity account there and every time I check it it says I still need to sync it. I’ve done that many times now. I’m new to all of this and need help to start growing my account

I would like to switch to automatic investing, so should I sell my VTI and VXUS and buy fidelity’s mutual fund version? How are the difference in terms of performance and expensive ratios?

Should I be looking at FSKAX and FTIHX or FZROX and FZILX?

I’ve been going through annual reports and investor presentations of several DFM companies over the last few weeks, and one thing keeps bothering me.

It feels like many retail investors here don’t actually buy businesses—they buy familiarity.

The conversation almost always comes back to the same names:
- Emaar
- Emirates NBD
- Salik
- DEWA

Don’t get me wrong. These are quality businesses. I own some of them myself.

But here’s what I struggle with.

If everyone already knows they’re great companies, isn’t a lot of that quality already reflected in the price?

At the same time, I see companies like Lulu Retail, Aramex, Watania, and a few smaller names posting improving earnings or trading at much lower valuations, yet they receive almost no attention.

Maybe the market is right and these deserve to trade cheaply.
Or maybe retail investors (myself included) naturally gravitate toward companies that feel “safe” because they’re household names.

I also wonder whether we focus too much on dividend yield.
For example:
Company A pays an 8% dividend but grows earnings slowly.
Company B pays almost no dividend but compounds earnings at 15–20% annually.

Ten years later, which investor actually ends up wealthier?

Another thing I’ve noticed is that DFM discussions rarely revolve around valuation.
People ask:
“Is Emaar a good company?”
Almost nobody asks:
“Is Emaar a good company at today’s valuation?”

Those are two completely different questions.

The same applies to real estate.
Many investors are comfortable putting AED 2 million into a single apartment but hesitate to invest AED 200,000 into a diversified portfolio of listed companies.

Is that because property genuinely offers a better risk-adjusted return, or because we can physically see it?

I’m not trying to argue that everyone should chase turnaround stocks or ignore blue chips.

I’m genuinely wondering whether the average UAE retail portfolio is built around minimizing anxiety rather than maximizing long-term returns.

Curious how others here think about this.

Do you mostly buy market leaders regardless of valuation?
Do you actively look for mispriced companies?
What percentage of your portfolio is in “boring compounders” versus contrarian bets?
Interested to hear from people who’ve invested through multiple market cycles, not just the last couple of years.

View Poll

I recently retired. I have been using PMCC strategies to earn premium and LEAPS profits. But you need to be very conservative with the Short Calls. I have developed a strategy that allows you to sell Covered Calls at deltas of 0.24 - 0.28 and earn much nicer premiums.
If you buy a LEAPS contract deep ITM, approximately 0.75 delta and you also own 100 shares of a high quality company’s stock or Index ETF that you want to own long term you can use higher deltas. If your short call gets assigned your LEAPS will be significantly profitable and ~ 0.80 delta. Roll the LEAPS back to 0.75 and repurchase the shares and repeat the process. Retired Man’s Covered Call™ (RMCC™)

I just opened my Roth through Fidelity, and I currently have $4500 in it, which I will max out soon. I have 60% in FZROX, 25% in FXAIX, and 15% in FNLIX. I don't really know what I'm doing. VERY open to advice.

I'm done with Ascensus after their egregious reporting errors and horrible customer service.

Who do you all use? Ideally for custody and record keeping.

TIA.

Hi, I recently opened a roth IRA and invested money into it. I'm trying to put my money into the .S&P 500 but when I go to buy it it only says options on the bottom and when I click that it brings up a menu full of things I don't understand. I tried watching videos on it and I'm still confused, if anyone could help me that would be really nice of you and I appreciate it

Just an alert to everyone, that I kept wondering why I never saw the ATMS fees being reimbursed on my account statements. Turns out they were not, for more than a year. Apparently their system will not detect ATM fees, unless they are separately broken out as a transaction on your statement. The several different ATMS I used don't do they--for example they say $"104" was withdrawn. The $4 fee is just in there with the withdrawn amount. I was able to get some refunded, but had to identify them from my statements 😒 And will continue to have to do that in the future. Going back to my bank's debit card where I don't remember this issue occurring.

I am 26 and looking to get open a Roth IRA, I have about 4k on Robinhood and I would like to move that into a more safe account/option. I just created a Shwab account but have not put anything into it as I have done a small bit of research and seen Fidelity to be a better choice. Any advice on where to put my money into would be great I don’t mind reading long paragraphs ,thanks.

I maximize my Traditional 401k (choose it over Roth 401k), Roth IRA and HSA. What is next in your opinion? Open a Brokerage Account for myself and have more flexibility with helping my kids in the future or set up a 529 Plan for them. I live in MA and the deduction is not much for the 529 Plan. (I have two toddlers.)

From original post https://www.reddit.com/r/Fidelity/s/Ernk8UK0MF

To All The Haters – The Receipts Are In. IRS Confirms Identity Theft & Wipes $39k Fraudulent Fidelity Withdrawal. But still... crickets from Fidelity who declines to investigate the issue citkng the check is "too old to investigate".. even after the findings from the IRS's own investugatuon

To everyone who doubted my story in my last post, the official government paperwork has finally arrived to back up exactly what I said happened.

The Internal Revenue Service (IRS) Identity Theft Victim Assistance unit has officially issued a final determination in my favor. After years of battling the system, I finally have the definitive proof of the criminal account takeover and the institutional failures at Fidelity.

Here are the hard facts and the official updates from my records:

The Official IRS Clearance: In Letter 4674C, dated May 22, 2026, the IRS officially accepted my identity theft claim for the 2020 tax year.

The Fraud Erased: This letter completely removed the $39,000.00 fraudulent component stemming from the Fidelity 401(k) loan default offset from my official record.

Penalties Nullified: The IRS action successfully wiped out the artificial $32,046.00 tax debt and the $5,273.00 accuracy penalty they had originally assessed against me.

State Collections Frozen: I successfully used this exact IRS Letter 4674C to legally freeze the Massachusetts Department of Revenue from coming after my federal refund over an erroneous $3,289.47 state debt caused by the same phantom income.

This federal validation is now being used as direct evidence in my ongoing FINRA complaint regarding u/Fidelity's failure to protect my assets during the 2020 account takeover.

While the IRS automated system did mistakenly freeze some of my legitimate tax withholding during this cleanup process and is being corrected at the moment, the core fight is over. The $39k fraud is gone, the $32k debt is gone, and the receipts are locked in.

Thanks to everyone who offered actual advice along the way. To the haters: the IRS Letter 4674C speaks for itself.

Think it would be Schwab but maybe wrong here as it’s a public company.

I have my first interview July 1 st. Assuming everything goes smoothly when should I expect to get hired? One month, several months?

For those who have I’m wondering about the hours of the job. It says training is 8 am to 5 pm. Once training is done it can be from 5 am to 11 pm.

Can we choose our hours? I generally prefer working afternoons. Also for the training phase can we study from home?