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Fidelity Tax
- Why can't you buy crypto currency at a regular brokerage? I know there are messy tax and financial issues that seem to have been worked out, but why can't I just put x dollars into Bitcoin or ethereum at Fidelity or Vanguard? They could hold the wallet, I wouldn't have to worry about picking an exchange that isn't going out of business or owned by the Russ
- Wealthfront vs a standard 3 fund portfolio Do you have experience with Betterment/Wealthfront and how they compare to a standard 3 fund portfolio at Schwab/Fidelity/Vanguard? I know fees are a bit higher. Is the return still more? Is the automatic rebalancing and tax-loss harvesting worth it? I tried to calculate the cost difference using
- Vanguard is really a piece of shit I’ve been using fidelity and I’m happy with it. I moved to google recently so I have to use vanguard for 401k. My partner and I heard about the back door for after tax contributions and Roth 401k this year (yea we are late to the game), so we decided to try that. However, vanguard just makes it supe
- Asset Management when not in USA and a move out for good Anyone here who moved outside USA (non citizen and non PR) ? Like india or singapore ? Things i want to know : How are you managing 401k money? For DRIP and capital gains, how did you file 1099-DIV ? what about state tax ? when not physically here ? Which agent allow you mange asset vanguard, fide
- 401k Blunder? #401k I will be getting in touch with an accountant too as well but want to get any additional feedback from you all. Current 401k total is 172K -- age 34 In 2016 I changed jobs and joined Uber and did a rollver of 50K from my old employer but this is where I "specifically" asked fidelity to put
- HEDGEFUNDIE (55/45 UPRO/TMF) in Fidelity Anyone able to implement 55/45 UPRO/TMF with rebalancing in Fidelity or any other brokerage other than M1Finance? How you did it? You spend time once a week/month/quarter to rebalance? What other measures are taken? https://www.optimizedportfolio.com/hedgefundie-adventure/ “It is recommended to im
- Selling RSUs - Tax I have RSUs that vests quarterly in Fidelity. I haven’t sold any shares so far and the stock price has kept increasing with RSU vest. Let’s say, if I sell the RSUs, will I be taxed on the most recent shares with lower profit margin or on the previous shares with higher profit margin? Also, is sell
- Got marked as a pattern day trader (PDT) I have done several option trades last week on my Fidelity margin account and I noticed that I got marked as a pattern day trader. I'm maintaining my account with assets more than $25k so I'm not violating any PDT requirements. I know day trading on H1B is a gray area, I couldn't find the right info
- Regarding Tax benefits on 401k and IRA contributions Scenario: I am putting annually 19k in my 401k with no match from my company side. However I would like to put additional 6k in IRA or Roth IRA as well for increasing my tax benefits but when I checked with my company they said I can do max 19k in ira and 401k combined. Is this true? A quick search
- #investing Should I combine my various mutual funds? I think most of us probably have some flavor of the below 4 buckets of investment opportunities. Right now I have them all contributing to different things. What would you do? Fund wise, I'm invested heavily with: 1. 401k (Fidelity - Target retirement) 2. IRA via backdoor (Vanguard - Target retir
- Does Booz Allen Hamilton 401k allow after-tax contributions and mega-backdoor Roth? 1 yoe hardware engineer considering a software engineer position at BAH for ~115 TC and wanted to know whether the 401k plan (I think through Fidelity) allows for after tax contributions and in service withdrawals to be able to use the mega backdoor Roth. EDIT: I have likely comparable offers comin
- New to Backdoor IRA and Mega Backdoor Roth I know that Microsoft allows for a Mega Backdoor Roth. I currently use Fidelity and I would like to know what the process looks like to contribute to a Roth IRA if I make more than the limit needed to contribute. Furthermore, how do I get the Mega Backdoor Roth process working, and does the money e
- Mega backdoor Roth IRA with Fidelity Am currently maxing out my 19.5K pre-tax 401k contributions + the company match. I've started after-tax contributions recently and have setup automatic in plan Roth conversions. I can see my after tax dollars convert to Roth 401K. However am still not sure if this the right strategy. My roth contr
- Returning to India in the next few months. What to do with 401k I have around 300k in 401k. Returning to India in next 4-5 months. Can stretch to max Jan 2019. I have below questions. Can anyone please take some time and respond to the best of their knowledge? Thank you for your time :) 1. What to do with 401k? Option 1: take tax hit along with penalty and t
- Max 401k or save for down payment? California, TC 185, YoE 6, 80k savings/investments, 70k Retirement accounts. Currently I only contribute the minimum in my 401k to get the employer match (5k/yr). Is it worth it for the reduction is tax liability to contribute the whole 19k? I know it’s small amounts but personally I’d rather save
- After tax 401k: rollover to Roth IRA or Roth 401k There is a fee to rollover to Roth IRA and I need to call fidelity to make it happen. For rollover to Roth 401k, there is an option to automatically do that for each paycheck. The latter seems more convenient. I do not need the funds which I contribute in my after 401k. What is the benefit of rolli
- Securities backed loan I would like to avoid selling portion of my portfolio due to tax reasons and because I really believe it has a potential to go up. Yet I need significant amount of cash for a life event. Several hundred thousands usd. I hear about the option to take securities backed loan but can't find any details.
- Investments while moving to Canada? I'm moving to Vancouver BC likely between Q4-21 and Q1-22. Those who made the move or planning to, how did you organize/optimize your finances in preparation for the move - specifically, 1. Did you have to move your investments to a Canadian broker? If so, how was the process and do you recommend a
- First Home from Roth IRA I’m trying to decide if I should max my Roth IRA accounts. How does Roth IRA works for first home? I have 2 Roth IRA account that I can contribute to: 1 from Chase with $6k per year, 1 from Fidelity with 10% of salary (Amazon perk). I read on Internet that your can withdraw your gain with no tax no
- Anyone tried turbo tax live ? 1)Is it worth it? 2)Do you really get live CPA advice round the clock for a year ? 3)How is the wait time to speak to them? 4)Which version of live? (premium, deluxe etc) my situations: have a house which I refinanced twice in 2019. Also sold stocks rsu’s and espp’s. Have a 401k account with fideli
- 401k at old employer. What are my options? Hello all! I am moving to a new company ( Amazon) in a couple of weeks and was wondering what my options are in terms of the 401K I have with my current employer. Should I just rollover my entire 401K to Amazon ( I think both NXP and Amazon use Fidelity) or should I do an IRA? I have also heard a
- Taxation on ESPP in India I recently purchased my first lot of MSFT shares via ESPP and have a few queries, 1. There was no tax deducted from my contribution. My total contribution of $1k was used for buying 5 shares of Microsoft @200$. So am i still liable to pay 30% tax on my contribution from salary? 2. Once i sell my sha
- Accidentally over contributed to 401k I recently started a new job. Few months ago, I intended to change my 401k contribution to a high percentage only for a couple of pay cycles but unfortunately forgot to change it back. I just realized I hit my $19.5k personal limit even before I quit my old job. My new employer has a 100% match up
- Excess 401k contribution I changed my job last year. I updated my current payroll system with previous contribution amount. However, I received an unexpected paycheck a month after I left my previous job for a small amount. It’s associated 401k contribution (less than $100) put me over the limit. I didn’t realize it until
- Investing in the US after moving back to India. I’m planning to move back to India after 10-12 months for some family reasons. How does investing in the US work after moving back to India? Can I keep using something like RobinHood or would I need to move my portfolio to Fidelity or a brokerage account before moving? Also, until when can we keep
- Returning to India by mid-end of 2019, need 401k advice I maxed out 401k as long as I was with Microsoft (they pay 9k to 401k). I recently joined a bay area company. Job's great, they don't contribute to 401k tho, they provide some 401k account with a small financial institution, benefits seem to be none - just hold money pre tax. I will sell real estat
- Mega backdoor from Microsoft 401k using BrokerageLink? I have seen some good conversation in the post here how to setup Mega backdoor for Microsoft (https://www.teamblind.com/post/Mega-backdoor-from-Microsoft-401k-in-fidelity-CwTn1A2v). However, one thing that is pointed out is you have to contact Fidelty frequently to transfer the After-Tax contributio
- First big sell off, what to consider? I contacted fidelity about a question, a rep responded with an email asking when I good time to talk would be, I told the rep, never heard from said rep again. So who else better to turn to than the tried and true Blind community, ha. I went to make my first, what I'd consider "big" stock sell off
- Savings tricks? I’m curious if there are any obvious tax avoidance Tricks or approaches I’m missing out on in how I save and invest. This isn’t about how much money saved or investment strategies but tricks like the backdoor Roth I might be missing. I max out 401k and mega backdoor Roth 6k to backdoor Roth IRA Max
- 401K investments/options This will be my first ever 401K from my employer! Unfortunately never really had anything like this for years for many reasons but now I have the option. My expenses are sadly high (out of my control to some extent) so every paycheck it's pretty much gone however I have other passive income that I
- Robinhood sucks Big Time Last year after the GME saga, I decided to switch to fidelity but there were still some transactions done prior so have to rely on RH for Tax documents. I tried TurboTax online and CD version - either way I am blocked where TurboTax is not able to pull my 1099-B documents from Robinhood securities
- 401k doubts- planning advice Hi, I am on h1b . my i140 is approved and i would like to work in usa for 5 -6 years. i can predict the future whether i will settle down in usa or move to india after 5 years. My question: I recently joined a company which has fidelity 401k . my employer contributes 4400$ for 8800$ of my cont
- Help - What will happen to my vested RSUs? Hello Blind Community, I have some RSU vested over the past two years, the recent vesting was on Dec 2020. I am planning to leave the company. Steps I have taken so far: I have accepted the RSUs at Fidelity and sold shares to pay tax all cycles so for when the RSU have vested. What will happen to
- Microsoft ESPP on TurboTax I’m an ex Microsoft employee and I sold my Microsoft stock last year. I’m using TurboTax and I have no idea how to fill all the questions that TurboTax asks. Do we have any quick guide for MSFT ESPP on TurboTax? I imported Fidelity 1099-B into TurboTax but it keeps asking each stock is long term or
- How to retire once u hit ur networth goal So im very new to investing. I have a fidelity account where i have my amazon 401k that i started 2 years ago along with a taxable brokerage account where all my amazon shares comes in when vested. Currently around 40. I recently started investing into other companies such as tsla last month. My qu
- Working as Salesforce Develope — What should I do next? I have been working as Salesforce developer from last ~5 years and pretty good at it. Currently making about 150k after taxes and working for a desi consultancy. What do you guys suggest for me to go after? I don’t think I can try for companies like google and amazon by learning data structures and
- Microsoft 401k setup time Hey microsoft folks, I’m expecting an offer to come in very soon (potentially). And the recruiter said there might be some relo bonus (potentially some signing bonus as well). My previous company wouldn’t allow after tax 401k option, so I’m going to try to use Microsoft’s for the remainder of the y
- compensation - Insulet Corporation - San Diego vs Fidelity Investments - Texas need help in deciding which one to pick got an offer from Insulet corp - San Diego for a senior software engineer role with 4.5 years of experience. 160k base 10% annual bonus(depending on the company performance and individual performance) no relocation(need to move from texas) health insurance 1
- Referrals: New Grad/Early Career Hello, y'all, My friend is about graduate with a master's and is looking for new grad roles. On their behalf, I am asking for referrals from the entire silicon valley. Please DM and help a brother out!!! My blind tax: YoE: 2 TC: 200K (Sorry for the tag list! Inspired from a recent post) #apple
- link I've started my FIRE journey in India! (Part 2: Financials Before Leaving US) Part 1 (Intro and Net Worth): https://www.teamblind.com/post/sqhzju14 In this post, I'll go over the financial stuff I had to consider before I bid the US goodbye. Gotta warn you, this won't be an entertaining read. It's a long laundry list of money matters laid out in excruciating detail. - Over
- 401k when moving to canada I'm moving to Canada and trying to decide between three options on what to do. I'm not 59.5 yet 😊 Option 1: Rollover the money to Traditional IRA and leave it there. Question: My account is with Fidelity. Are they also licensed in Canada so that this option is possible? If not, where can I open a
- IRA, 401K, ROTH IRA Hi I am a new grad and this is my first job. I am contributing (maxing out) 401K. When I enrolled into 401K I made a choice of investment allocation as 100% domestic stocks and then when I spoke to fidelity advisor they said it’s not the best strategy as I will be risking it all and asked me to move
- How actively do you make trades in your 401(k)? I’m not an active trader. I want to ask questions before I make any changes. I’m curious how actively everyone is trading in their employer-sponsored accounts, and what types of trades you’ve utilized to get you the best performance. I’ll detail my current situation below. ERISA-compliant 401(k) t
- vote Better to transfer previous employer 401(k) or Rollover to IRA? I have a 401(k) account with Voya from my previous employer which has been a total pain to track. There’s like $40k in it and I’d like to move it to my current employer’s 401(k) provider, Fidelity (with BrokerageLink), and I’m trying to figure out the best way to do it to maximize growth and minimiz
- Transferring roth 401k to Roth IRA - determining principal After you switch companies you can roll over your Roth 401k account into a Roth IRA which gives you alot of money to invest which will have tax free growth. Nice thing about rolling over Roth 401k is that you can invest into individual stocks instead of ETF’s only for most employers Roth 401k. My qu
- Bay house purchase - learnings I recently bought a sfh in bay area and wanted to share my learnings. - redfin vs. traditional agent: I was going to hire redfin agent to get that sweat commission refund, but ended up going with a traditional agent who knows the area very well and came with high recommendation from friends. He has
- Travel from India Any folks traveled back from India to the US recently? I am on OPT and have to travel to India urgently. Wanted to get an assessment of the situation. Thanks
- Good bootcamps for SE Job Offer I have a CS background coming out of college, but I don’t feel great about my programming abilities. Anyone have any recommendation for a bootcamp that leads to a great job offer? #engineering #software #bootcamp
- Thoughts on Jumpstart’s feature to filter candidates based on race/gender? I wonder if there even is an option to see only male, or Asian/White. Seems like Jumpstart is promoting racism and sexism in hiring.
- vote Has innovation slowed down? Title.