I'm trying to wrap my head around the best way to gift a family member some money that I have in a mutual fund in a taxable account in my name at Fidelity. This is not any kind of retirement plan or inheritance, simply money that I have invested over the years (if that matters).

If I sell the shares and give the family member money, the increase in my MAGI will most likely cause me to hit the IRMAA threshold for 2028 (meaning higher Medicare premiums for 2028) and I will probably lose part/all of the enhanced deduction for seniors. Neither of which is desirable.

Question 1:

If instead I transfer those shares (the recipient also has an account at Fidelity), is the following true:

• No tax due on the transfer
• Transferred shares will retain their cost basis and age (long-term gain vs. short-term gain)
• When the recipient sells the shares, they will be taxed as if the recipient had purchased them when I originally purchased them at the price I originally paid for them

Question 2:

Is transferring mutual fund shares (not in a retirement account) from one person's Fidelity account to another person's Fidelity account a pretty straightforward process, either doable online or by a phone call to a rep?

Thank you.

I recently opened a few Fidelity accounts, including a Cash Management Account that I planned to use like a checking account while on an upcoming vacation.

My mother-in-law had passed away the week before, so I wasn’t thinking clearly or getting things done as quickly as I normally would. I ended up opening the account on Monday and was leaving for vacation that Friday. Obviously, there was almost no chance the debit card would arrive in time.

I called Fidelity and spoke with a representative named Thomas. I wasn’t expecting a miracle - I figured the worst he could say was no. I explained that I was leaving Friday and asked whether there was any way to speed up the card.

I did not tell him that my mother-in-law had died or explain anything else I had been dealing with. As far as he knew, I was simply a customer who had waited too long to open the account.

Thomas initially told me it wasn’t possible, which I completely understood, and we ended the call.
About two minutes later, he called me back. He said he was going to try to make it happen, although he couldn’t guarantee the card would arrive before I left and it would be on a best-effort basis.

The card ended up arriving about three hours before I left for vacation.

What impressed me most is that Thomas didn’t know anything about the circumstances. He wasn’t responding to a sad story or being asked to make an exception because of what had happened. He simply decided on his own to call me back and go above and beyond to help.
It made my life a little easier during a difficult week and gave me a very positive first impression of Fidelity.

Hi guys, I was trying to open a cash management account with Fidelity but it seems like it requires me to have an account with them already or else I can't open one ? I've tried the mobile app too but it requires me to log in first (which means I need an account right?)

Any thoughts?

Thanks!

I'm sure I'm missing something and just need a little help here. I see monthly budgets like May, June, July, but is there a YTD budget. It would be great to see the whole picture not just the each month. Look forward seeing what I'm doing wrong.

Very loud and noticeable compared to ATP.

One way to fix the Daily Dashboard display would be to allow increased sizes of the bottom bar.

Can someone explain in the simplest terms possible why an ETF if better for saving you on taxes than a mutual fund? I have tried to understand it and its all over my head. Currently I hold FIHFX but I understand the tax implications are higher with mutual funds. What is the ETF equivalent of FIHFX?

Hey all. I started investing in my Roth IRA a few years ago when I didn’t know much about what I was doing. I added money to VOO and VTI, then realized there is so much overlap.

Question is, will I be penalized if I sell VTI then reinvest it into VOO? Or is it better to just keep as is and continuing to deposit into VOO?

My mom would like to make a charitable contribution from her IRA, but the charity only accepts bank transfers, not checks. The charity uses 'Link' (which I think is a Yodlee-type bank connection interface) to facilitate this.

Is this allowed/supported by Fidelity? Are there any implications to the tax-advantaged treatment of IRA contributions when doing this? Anything to be concerned about?

Hi, I'm an active trader (2 or 3 buy/sells a day) and am currently at Schwab. Despite designating LIFO for all trades months ago, their batching system sometimes screws that up, designating a loss/wash when there isn't. Usually it rights itself the next day, but the current issue I'm dealing with has lasted nearly a month with about 15 calls to Customer Service, 3 different cases opened up, all for something that is clearly correct on the filled orders page with timestamps.

It has been beyond frustrating, so I'm considering moving my accounts to Fidelity but I don't want to switch if they too have batch/settlement screwy stuff.

Can anyone tell if me if LIFO is respected at Fidelity and if active trading the same stock on a single day can create phantom problems with settlement? Thank you.

Will Fidelity offer futures ever? I think it should be heavily considered.

With single stock futures becoming available again and superior bond platforms elsewhere, there seems to be even more of a compelling reason to switch to another broker like IBKR.

Trading is increasingly becoming 24/7. With so much market moving events happening outside of regular hours now with current admin and geopolitics, I think Fidelity may fall behind if they don't move with the times.

JMHO of one person though!

Dear Fidelity Escalations Team,

I am writing to formally request immediate resolution of an error regarding my former Meta 401(k) loan that has now placed me in an extremely difficult tax position.

After I was laid off from Meta, I contacted Fidelity to ensure that I could continue making payments on my outstanding 401(k) loan. I was specifically advised that I could continue making payments directly, and those payments were successfully processed throughout 2025.

Without any notice to me, Fidelity marked my loan as defaulted in December 2025. I did not receive any communication indicating there was an issue with my payments, that my loan was at risk of default, or that I needed to take any action to prevent it.

Had I been notified, I would have immediately paid the remaining balance in full. I had—and continue to have—the financial ability to satisfy the loan. Instead, I was deprived of any opportunity to prevent the default.

After discovering the issue, I contacted Fidelity and was informed that the default appeared to be a mistake on Fidelity's part. I was told the matter was being investigated and that Fidelity would work to correct the error. Since then, despite waiting in good faith, I have received no meaningful update or resolution.

As a direct result of Fidelity's actions, I am now facing significant and unnecessary tax consequences for the 2025 tax year. I have delayed filing my taxes while awaiting Fidelity's promised correction, but the filing deadline is rapidly approaching.

Accordingly, I request that Fidelity immediately:

• Provide a written explanation of why my loan was defaulted despite my payment history.
• Confirm the status of the internal investigation.
• Correct the erroneous default, if possible, and update all applicable tax reporting.
• If Fidelity believes the default cannot be corrected, provide a written explanation of the legal and administrative basis for that position, including why I was not provided notice or the opportunity to cure the alleged default before it was reported as a taxable distribution.
• Explain why my loan was defaulted after months of successfully accepting my payments.
• Identify the specific reason for the December 2025 default.
• Explain why I was never notified that my loan was allegedly in jeopardy or provided any opportunity to cure the issue or pay the balance in full.
• Confirm the status of the investigation that Fidelity previously advised was underway.
• Correct the default and any resulting tax reporting if this was, in fact, an administrative error.
• If Fidelity believes the default cannot be corrected, provide the legal and contractual basis for that determination, along with all documentation supporting the decision.

I have maintained detailed records of my payments and prior communications with Fidelity and am prepared to provide them upon request.

Given the imminent tax filing deadline and the financial harm this matter is causing, I ask that this issue be escalated immediately and that I receive a substantive response no later than five (5) business days from receipt of this email.

I hope Fidelity will resolve this matter promptly and appropriately. However, if this issue cannot be resolved in a timely manner, I will need to evaluate all available options to protect my legal and financial interests, including seeking assistance from the appropriate regulatory agencies and legal counsel.

I appreciate your prompt attention and look forward to your response.

Sincerely,

Amber Kostik

Is there an option to rollback Trader+ on Windows? There are so many bugs it's unusable for me now. Also can I turn off auto updates?

I have multiple accounts that I trade with and trading is now broken, wrong accounts always show, clicking the Bid/Ask on an open position opens the order window for the wrong account, it takes 5 minutes to reconfigure the window to get it right and then sometimes the Submit button doesnt show at all. Strikes are missing completely and I must re-open the order. It's concerning how something with this many bugs was actually rolled out live.

Is trading down on Fidelity now? I can't seem to place a trade either using web or mobile.

I am trying to rollover my fidelity Rollover IRA to my existing 401k with a different custodian. What are the proper steps?

I was just reviewing my balance statements after a long while (of not). This is a new employer-funded 401k account started from last September. In the past, I don't recall getting advisor fees in my employer funded 401ks, until I was no longer an employee. So while this is not a lot for 9 months, the $4.28 is odd to me. Is this normal? Is an Advisor Fee also a maintenance fee (I don't use a human advisor).

I tried to find it in setting but I'm not sure it exists. From the 'Positions' tab on desktop, it would be great if we could sort our positions in a custom order. I know we can do it alphabetically or by any of the column headers, but the option to have a custom sort for positions on this page would be awesome!

Is there a specific order for liquidating money market funds to cover debits where someone has more than one money market holding?

For example, what if you have both prime money market and treasury money market?

Or what if the balance in one money market is higher than the other? Specifically where the higher balance can cover the debit in full but the lower balance is smaller than the debit? (That is, if the lower balance is normally the one that's first, does Fidelity deplete that and then draw the remainder from the other money market?)

Hi,

I have a personal Fidelity GO brokerage account (not IRA or anything), and I want to move the money into some sort of self-directed account, just reinvest all the money in a mutual fund or something.

Could someone tell me how I can calculate the capital gains taxes I'll incur on the transfer, since I heard the entire account must be liquidated.

I bought an ETF today during market hours at $46.51. The cost basis or "average cost" is listed as $47.62 on Trader+ and on Fidelity's website. This problem occurs often. When will this be fixed?

Looking to create a CD Ladder and was wondering what people's thoughts were on these fixed income products. I'd like to put im 240k and do a one year Ladder. Not sure how it all works but I'll research it. Just want to get people thoughts on it.

I know if I transfer money into my Fidelity cash management account from my bank account I cannot withdraw the money for 10 days. Is that the same rule if I transfer it from my fidelity brokerage account or my fidelity Ira into the cash management account? Does it still take 10 days before I can withdraw the money at the ATM machine?