Open Eligible Fidelity Investment Account + Deposit $50+ & Get
Expired
$100 Cash Balance
(New or Existing Customers)
+432Deal Score
243,097 Views
Fidelity is offering a $100 Cash Reward/Balance (deposited to your account) when you open a EligibleFidelity Investment Account using promo code FIDELITY100 and Deposit $50 (minimum) or more within 15 Days of opening your account.
Thanks to Community Member rammgasm for posting this deal.
Note: Offer applies to The Fidelity Account®, Cash Management Account, Roth IRA, or traditional IRA accounts. $100 cash reward must be kept in the account for a minimum of 90 calendar days. Offer is valid for New or Existing Customers).
Proceed through the form until you reach the Personal Information section
Ensure promo code FIDELITY100 is applied below your email
Continue through the account-creation process and complete your account
Make your Deposit of $50or morewithin 15 Days
Fidelity will deposit $100 into the account within 25 calendar days after opening your account
Note: you must keep the $100 cash reward (minus any losses related to trading or market volatility, or margin debit balances) in the eligible account for a minimum of 90 calendar days starting from when you receive the reward
These responses are not provided or commissioned by the bank advertiser.
Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser.
It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
"Fidelity Cash Management Account
Better than traditional checking, a Fidelity® Cash Management Account offers attractive rates and easy cash management."
Current interest rate - 0.01%
Yeah, no thanks.
Not if you're an existing customer. Maybe if you're new, but I did it with the Spire offer and this just now and no hard pulls either time.
Do I have to keep the $100 cash reward at Fidelity once I receive it?
Yes. While you don't need to keep your initial deposit of $50 in the new account for more than the qualification period, you must keep the $100 cash reward (minus any losses related to trading or market volatility, or margin debit balances) in the eligible account for a minimum of 90 calendar days starting from when you receive the reward.
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which account is best to start for investing? torn between roth and tradition
already have 401B through employer.
Roth is almost always better. But since you have a 403b that is a pretax account. So when you withdraw you will be taxed where as Roth IRA you are taxed now and avoid taxes later.
The best strategy is to have a mix of Roth and non Roth so when you retire you can pull from them depending on your financial situation. For example if you're still making money pull from Roth if you're not making money pull from 403b.
Roth is almost always better. But since you have a 403b that is a pretax account. So when you withdraw you will be taxed where as Roth IRA you are taxed now and avoid taxes later.
The best strategy is to have a mix of Roth and non Roth so when you retire you can pull from them depending on your financial situation. For example if you're still making money pull from Roth if you're not making money pull from 403b.
so much to learn! i was advised its not always best to pull cash from 403B? not sure if mine is before tax. i would have to check on that.
Roth is almost always better. But since you have a 403b that is a pretax account. So when you withdraw you will be taxed where as Roth IRA you are taxed now and avoid taxes later.
The best strategy is to have a mix of Roth and non Roth so when you retire you can pull from them depending on your financial situation. For example if you're still making money pull from Roth if you're not making money pull from 403b.
That is a false statement that Roth is almost always better. Roth and traditional are theoretically exactly the same. You have to bet will you be at a higher salary in retirement or lower and will tax rates be higher or lower. Based on what you predict for your situation, that's what you should do. One is not better than the other. It depends on each person's situation comparing now
and retirement.
so much to learn! i was advised its not always best to pull cash from 403B? not sure if mine is before tax. i would have to check on that.
ill look into the ROTH. thanks!
Most money in 403b is pre-tax.
This is why putting money into a retirement plan at work lowers your income reported on W-2.
Always do this up to your employer's match.
Then put money into a Roth IRA. $6000 is the limit for 2022 if you qualify.
Then if you still have money to invest, put money into the 403b up to the allowed limit of $20,500 (2022 limit).
Most money in 403b is pre-tax.
This is why putting money into a retirement plan at work lowers your income reported on W-2.
Always do this up to your employer's match.
Then put money into a Roth IRA. $6000 is the limit for 2022 if you qualify.
Then if you still have money to invest, put money into the 403b up to the allowed limit of $20,500 (2022 limit).
That is a false statement that Roth is almost always better. Roth and traditional are theoretically exactly the same. You have to bet will you be at a higher salary in retirement or lower and will tax rates be higher or lower. Based on what you predict for your situation, that's what you should do. One is not better than the other. It depends on each person's situation comparing now
and retirement.
Wouldn't being at a higher salary in retirement mean you plan to still work when 65+ (or whatever retirement age is defined as now)? It seems all the advice geared towards Roth IRA being better is assuming that?
Wouldn't being at a higher salary in retirement mean you plan to still work when 65+ (or whatever retirement age is defined as now)? It seems all the advice geared towards Roth IRA being better is assuming that?
Not necessarily, when you're younger, your rate may be between 10-20%. There are still a few people around earning a nice pension, that depending on how well you do, could be 6 figures. So if you're only get a 10% deduction and paying 25% on the growth, when you pull it out, you should go with a Roth.
The problem is that eligiblity for a Roth phases out as your income rises along w/your tax rate, so that option in not available, untess your employer has a Roth 401k.
The drawback with a regular IRA, is that you do NOT get LTCG rates on the growth-its all taxes as ordinary income. Whereas with the Roth, you don't get a deduction when you contribute, but you don't pay any tax on the growth.
It is difficult to predict what tax rate will be in retirement-especially with Congress changing it all the time.
Wouldn't being at a higher salary in retirement mean you plan to still work when 65+ (or whatever retirement age is defined as now)? It seems all the advice geared towards Roth IRA being better is assuming that?
Expecting to work until you are 65 is a pipe dream for many people.
I have know several people who were shown the door in their 50s.
Not necessarily, when you're younger, your rate may be between 10-20%. There are still a few people around earning a nice pension, that depending on how well you do, could be 6 figures. So if you're only get a 10% deduction and paying 25% on the growth, when you pull it out, you should go with a Roth.
The problem is that eligiblity for a Roth phases out as your income rises along w/your tax rate, so that option in not available, untess your employer has a Roth 401k.
The drawback with a regular IRA, is that you do NOT get LTCG rates on the growth-its all taxes as ordinary income. Whereas with the Roth, you don't get a deduction when you contribute, but you don't pay any tax on the growth.
It is difficult to predict what tax rate will be in retirement-especially with Congress changing it all the time.
I have a hard time understanding the problem already having money in a traditional IRA creates when doing a backdoor Roth IRA. One accountant said as long as you create a separate traditional IRA account for the funds you plan to immediately convert to a Roth IRA, then it's OK. But from what I read online, they factor in all of your traditional IRA funds when doing a backdoor Roth IRA conversion.
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Better than traditional checking, a Fidelity® Cash Management Account offers attractive rates and easy cash management."
Current interest rate - 0.01%
Yeah, no thanks.
Do I have to keep the $100 cash reward at Fidelity once I receive it?
Yes. While you don't need to keep your initial deposit of $50 in the new account for more than the qualification period, you must keep the $100 cash reward (minus any losses related to trading or market volatility, or margin debit balances) in the eligible account for a minimum of 90 calendar days starting from when you receive the reward.
Sign up for a Slickdeals account to remove this ad.
We're processing your $100 reward
You're all set. We'll deposit your cash reward within 25 days of opening your account.
Get the details
Same Here!
Lets hope they do this again in 6 months or a year.
already have 401B through employer.
The best strategy is to have a mix of Roth and non Roth so when you retire you can pull from them depending on your financial situation. For example if you're still making money pull from Roth if you're not making money pull from 403b.
Also, I did not click on the link, I copy and pasted it so SD didn't add in fillers.
I got the promo confirmation email this morning (within 12hrs of account opening):
You're on your way
Thanks for registering for the $100 cash reward. As a reminder, you have up to 15 calendar days to deposit $50 or more to qualify.
You'll receive the $100 cash reward within 25 days after you opened an eligible account.
Questions? Read our FAQs.
The best strategy is to have a mix of Roth and non Roth so when you retire you can pull from them depending on your financial situation. For example if you're still making money pull from Roth if you're not making money pull from 403b.
so much to learn! i was advised its not always best to pull cash from 403B? not sure if mine is before tax. i would have to check on that.
ill look into the ROTH. thanks!
The best strategy is to have a mix of Roth and non Roth so when you retire you can pull from them depending on your financial situation. For example if you're still making money pull from Roth if you're not making money pull from 403b.
and retirement.
i provided them my schwab checking routing and acct. gotta wait for a few days. hopefully it works.
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ill look into the ROTH. thanks!
This is why putting money into a retirement plan at work lowers your income reported on W-2.
Always do this up to your employer's match.
Then put money into a Roth IRA. $6000 is the limit for 2022 if you qualify.
Then if you still have money to invest, put money into the 403b up to the allowed limit of $20,500 (2022 limit).
This is why putting money into a retirement plan at work lowers your income reported on W-2.
Always do this up to your employer's match.
Then put money into a Roth IRA. $6000 is the limit for 2022 if you qualify.
Then if you still have money to invest, put money into the 403b up to the allowed limit of $20,500 (2022 limit).
going to message you
and retirement.
The problem is that eligiblity for a Roth phases out as your income rises along w/your tax rate, so that option in not available, untess your employer has a Roth 401k.
The drawback with a regular IRA, is that you do NOT get LTCG rates on the growth-its all taxes as ordinary income. Whereas with the Roth, you don't get a deduction when you contribute, but you don't pay any tax on the growth.
It is difficult to predict what tax rate will be in retirement-especially with Congress changing it all the time.
I have know several people who were shown the door in their 50s.
Sign up for a Slickdeals account to remove this ad.
The problem is that eligiblity for a Roth phases out as your income rises along w/your tax rate, so that option in not available, untess your employer has a Roth 401k.
The drawback with a regular IRA, is that you do NOT get LTCG rates on the growth-its all taxes as ordinary income. Whereas with the Roth, you don't get a deduction when you contribute, but you don't pay any tax on the growth.
It is difficult to predict what tax rate will be in retirement-especially with Congress changing it all the time.