Why Is Fidelity Withholding My Taxes? (Quick Fix!)

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If you’re a US citizen and find yourself subjected to backup withholding on your Fidelity account, there’s a straightforward process to address this issue. Backup withholding is typically imposed by the IRS if there’s an issue with your Social Security Number (SSN) or Taxpayer Identification Number (TIN) certification, such as a name mismatch due to … Read more

Dave Ramsey Fidelity Mutual Funds Strategy (Backtested)

Before building a portfolio based on Dave Ramsey’s investing strategy, you must decide which mutual funds to include. Assuming you have an account with Fidelity Investments, we have that list handy. Dave recommends spreading your investments evenly among the four categories listed below: Fidelity has a large selection of mutual funds that meet Dave Ramsey’s … Read more

Is Fidelity FDIC Insured & SIPC Protected in 2023? The Truth!

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Before you deposit your hard-earned money into a Fidelity account, you may want to know if it’s insured like a traditional bank account. The short answer is yes – the cash position in your Fidelity account is FDIC insured. It’s worth noting that Fidelity brokerage accounts are also generally SIPC-insured. In the case of Fidelity’s … Read more

Fidelity Fractional CD: Is It Worth It?

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For individuals looking to grow their saving account, investing in a certificate of deposits (CD) is a great way to get started. Recently, Fidelity introduced fractional CDs that allow anyone to participate in buying their first federally insured savings deposit at reduced minimums and increments. Specifically, the Fidelity fractional CD starts at $100 as the … Read more

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