Guide on Cashing Out Fidelity Investments

by | Jun 10, 2023 | Fidelity IRA




This video guides you in quick easy steps to cash out Fidelity Investments on its website. So make sure to watch this video till the end.

~ Chapters:
0:00 Introduction
0:11 Cash Out Via ACH Transfer
0:49 Cash Out Via Wire Transfer
2:16 Conclusion

#CashOutFidelityInvestments #CashOutFidelity #FidelityGuide

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Fidelity Investments is one of the largest and most reputable investment firms in the world. As an investor, you may wish to cash out your Fidelity Investments account for a number of reasons. In this article, we will provide a step-by-step guide on how to cash out your Fidelity Investments account.

Step 1: Determine Your Account Type and Balance

It’s important to determine the type of account you have and the balance you want to cash out. For example, if you have a traditional IRA, you may be subject to taxes and penalties if you withdraw before age 59.5. Be aware of any potential tax implications before cashing out your account.

Step 2: Create an Account with Fidelity

If you haven’t already, create an online account with Fidelity Investments. You can do this by visiting their website and clicking “Open an Account.” Fill out the required fields, including your personal information and investment details.

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Step 3: Log in to Your Fidelity Account

Once your account is created, log in and navigate to the “Withdrawals” section. Here, you will be able to see all of your withdrawal options.

Step 4: Choose Your Withdrawal Method

Fidelity Investments offers several withdrawal methods, including:

– Electronic Funds Transfer (EFT): This method allows you to transfer funds directly to your bank account. This is the most common method of withdrawal.
– Check: You can request a check to be mailed to you. This option can take longer to process.
– Wire Transfer: This option is best for large sums of money and is typically quicker than a check.

Choose the method that best fits your needs.

Step 5: Choose Your Withdrawal Amount

Next, choose the amount you want to withdraw. You can choose to withdraw the full amount of your account, or you can select a specific dollar amount.

Step 6: Confirm Your Transaction

Before finalizing your transaction, be sure to carefully review all the details. Once you are satisfied, click “Submit.” The funds should be transferred according to your selected method within a few business days.

In conclusion, cashing out your Fidelity Investments account is a simple process that can be completed online. Be sure to understand any potential tax implications before cashing out and carefully review all details before finalizing your transaction.

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