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This document is an application form for opening a 403(b) Individual Custodial Account with Fidelity Investments, including instructions for account setup, investment options, beneficiary designations,

How to fill out fidelity investments 403b individual

How to fill out Fidelity Investments 403(b) Individual Custodial Account Application

1. Begin by gathering all required personal information, including your name, address, and Social Security number.
2. Review and complete the top section of the application form that identifies the account type as a 403(b) Individual Custodial Account.
3. Provide your employer's name and address if applicable, as well as your position and employment start date.
4. Fill out the beneficiary information, ensuring you include their name, relationship to you, and any necessary contact details.
5. Select your investment options and risk tolerance, choosing from the available plans and funds offered by Fidelity.
6. Complete any additional sections related to contributions, transfers, or rollovers if applicable.
7. Review your completed application for accuracy, ensuring all information is correct and complete.
8. Sign and date the application form, including any required acknowledgments or disclosures.
9. Submit your application according to the instructions provided, either by mailing it to Fidelity or submitting it online if available.

Who needs Fidelity Investments 403(b) Individual Custodial Account Application?

1. Individuals who are eligible for a 403(b) retirement plan, typically employees of tax-exempt organizations, schools, or public institutions.
2. Employees wanting to start saving for retirement through tax-deferred contributions in a 403(b) account.
3. Any individual looking to roll over funds from another retirement account into a 403(b) plan.

People Also Ask about

What are the disadvantages of a custodian account?

The drawbacks: You can't change the beneficiary of a custodial account once it's established. Your child can use the money however they want after reaching a certain age, and investment income in custodial accounts may trigger the kiddie tax. The account can impact financial aid eligibility.

Is Fidelity a good custodial account?

Fidelity is definitely a solid choice for custodial accounts. They offer no minimum balance, zero commission trades, and a user-friendly platform. Their customer service is also top-notch. Another great option to consider is Charles Schwab, which has similar benefits.

What is the minimum balance for Fidelity custodial account?

Zero account minimums and zero account fees apply to retail brokerage accounts only. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs) and commissions, interest charges, or other expenses for transactions may still apply.

Is Fidelity a good custodian?

Best for Low Fees Fidelity Investments It is our choice for users seeking a custodial account provider that values low fees but offers high-quality service, including robust trading features, research amenities, and the ability to invest in fractional shares of stocks and ETFs.

How to create a Fidelity account for a child?

For children aged 13 to 17, a parent/guardian with an existing Fidelity account may open this account on their behalf. Child must have the last four digits of their Social Security number, plus one form of ID. At age 18, account will be transitioned to a retail brokerage account for free.

Is a Fidelity custodial account worth it?

Fidelity's custodial account is best for budget investors. It lets you build wealth through low-cost stocks, ETFs, options, bonds, mutual funds, and more. The account has no minimum opening requirements or fees, and any stocks, ETFs, or options the account holder invests in are commission-free.

Is a custodial account a good idea?

A custodial account (same thing as UTMA) is fine if you are ok with them getting control of the money at 21 (or 18 if you're in one of those states). One advantage over a normal brokerage account in your name is that you can tax gain harvest each year in their account up to the kiddie tax limit.

For pdfFiller’s FAQs

What is Fidelity Investments 403(b) Individual Custodial Account Application?

The Fidelity Investments 403(b) Individual Custodial Account Application is a form that allows individuals to open a 403(b) retirement account with Fidelity Investments, specifically designed for employees of public schools and certain tax-exempt organizations.

Who is required to file Fidelity Investments 403(b) Individual Custodial Account Application?

Individuals who are eligible employees of public schools or tax-exempt organizations seeking to establish a 403(b) retirement account are required to file the application.

How to fill out Fidelity Investments 403(b) Individual Custodial Account Application?

To fill out the application, individuals must complete personal information sections, including name, address, Social Security number, and employment information, as well as select investment options and beneficiaries.

What is the purpose of Fidelity Investments 403(b) Individual Custodial Account Application?

The purpose of the application is to facilitate the establishment of a 403(b) retirement account, allowing individuals to make tax-deferred contributions toward their retirement savings.

What information must be reported on Fidelity Investments 403(b) Individual Custodial Account Application?

The application requires reporting of personal identification information, employment details, intended contributions, investment choices, and beneficiary designations.