Re: Fidelity - 401k rollover and Money Markets

[http://dummy.us.eu.org/robert (Robert)]

 > From: http://www.fmr.com/~AltyKosherbek.team
 > Date: Mon, 26 Jan 2026 16:39:06 +0000
 >
 > Hi Robert,
 > 
 > Thank you for keeping me posted!
 > 
 > The $25 charge is waived as confirmed by the 401k associate. I am not sure
 > why the online still says so. We also went back in transaction history to
 > confirm there was no $25 charge for internal rollovers. We can process
 > those over the phone in the future if you would like to hear the verbal
 > confirmations each time, but the 401k associate confirmed it for us on a
 > recorded line too for your piece of mind. Please let me know if you would
 > prefer to roll the funds over the phone going forward or if you are
 > comfortable doing it online. Either way, we waive the $25 charge.
 > 
 > Just a quick reminder, to earn a higher yield on cash, please transfer the
 > cash you are not planning on spending right this time to your regular
 > Money Market cash account. The Premium Money Market we talked about is
 > "FZDXX", 100k min to buy in, and it is liquid. You can transfer cash
 > between the bank and Money Market back and forth, takes 1-3 business days,
 > and the current 7-day yield is 3.51%. On 100k, that's $3,510 that you
 > could earn in one year just by keeping cash at Fidelity, and the interest
 > is deposited at the end of each month. If / when the Feds cut the rates,
 > it affects the Money Market yield too, but it's still higher yield than
 > most banks. And we can request a Debit Card and check writing, as a lot of
 > clients use this cash for day-to-day expenses too and treat it as an
 > additional savings / checking account.
 > 
 > Please let me know if you have any questions.
 > 
 > Thank you,
 > 
 > Alty Kosherbek
 > 
 > Financial Consultant
 > CA Insurance # 4301004
 > where-I-livempbell Investor Center
 > 
 > Schedule an Appointment<https://digital.fidelity.com/ftgw/digital/dasux/launch/meet-with?advisor=7449196>
 > 
 > Fidelity Investments
 > 851 East Hamilton Ave Suite 100
 > Campbell, CA 95008
 > Call: 408.371.4611 ext 61083
 > Text: 408.539.6787
 > Fax: 408.371.9157
 > 
 > Prashant Dholakia - Planning Consultant � 408.371.4611 ext 82428
 > 
 > Josh Amasio � CRM scheduling appointments � 408.371.4611 ext 73528
 > 
 > IMC annual reviews � please contact Josh to schedule
 > 
 > Brokerage services are provided through Fidelity Brokerage Services LLC,
 > Member NYSE and SIPC. Investment advisory services are provided through
 > Strategic Advisers LLC, both Fidelity Investments companies.
 > 
 > --
 > 
 > Alty - I rolled over my 401k.  I attached the screenshots and the summary
 > of the final transaction.  You'll note the $25 fee, but there is no
 > indication whether it will be refunded or not.
 >
 > Also, instead of a in-kind rollover, I liquidated the assets as cash.  I'm
 > assuming that the managed IRA and Roth IRA will reallocate the cash
 > appropriately.
 >
 > Thanks.

Alty - you mentioned that I move my money into a FZDXX Premium Money
Market account.  I'm assuming that I would need to create another account
for this purpose.  Is that right?

Thanks.