The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/what-happened-at-fidelity-that-required-a-29859710.aspx

Subject:  Re: Feeling lost, need advice! Date:  2/20/2012  1:12 PM
Author:  ResNullius Number:  70185 of 78168

What happened at Fidelity that required a complaint? Just curious.

I had a 403B with Fidelity. When I left the company, I was told that I could roll all of the holdings over to an IRA with Fidelity, and that there would be no charge for this. Some of the mutual funds in the 403B had a fee for short term trading. However, I was told that since I was just rolling the funds over to another Fidelity account (as opposed to selling them), there would be no fee.

So (of course) they charged me a fee. I complained and also wrote a letter to the president of the company. The only reply to my complaint was "I am sorry, but we just cannot get our computers to waive that fee."

Just as an aside, never say that to somebody who has de