Oddbean

Bitches managed to lose the other $49,500 even more than it was lost last week. It was at least appearing in the balance of one of the 401K providers. This week it's not showing up on either end! nostr:nevent1qqsz80uaktcyn99np3pup77j9tu2xqdanqndy9nmy4sllspkp3cl98cpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzpaegm8nwwpyrtrnsjv84efjtp9mhpkvfenvxs487vx8d48y28qgxqvzqqqqqqygnlh2w

I know the feeling... Wasted 4 months before getting my money back, but at the end I think they got scared. 1 or 2 good letters with proper legal jargon (ask a lawyer), and you might get results. Good luck.

I used to be a registered investment advisor and used fidelity as a custodian. The person sending your IRA has no incentive to do so quickly.... The longer they drag it out, the longer they continue to collect their percentage of AUM. It's always quickest, to liquidate your holdings and transfer cash. Proprietary assets can't be transferred "in kind" , and if you tried to do that, the back office could halt the entire transfer.... because... incentives 😉 Fidelity usually doesn't f up the receiving of assets. However, they have weird account numbering which needs to be handled with care when submitting transfer paperwork. If the receiving Fidelity account has a letter prefix, you need to modify the account number (i.e., swap the letter for specific numbers.) when you fill out the transfer paperwork. Otherwise, fidelity won't recognize the account and either reject it, or keep it in a "bucket" account until someone figures out where it goes. Happy to review the paperwork and help troubleshoot. It should be a quick fix. 🙏

In the most fiat possible resolution to this month-long ordeal, I found my account manager's boss and emailed him, explaining my frustration. An hour later and the account manager had magically fixed all the account balances. nostr:nevent1qqsqjk59clsny232kukscf0qljrp9fugvm3c9w4aleke35unax8r37gpz4mhxue69uhhqatjwpkx2un9d3shjtnrdaksyg8h9rv7decysdvwwzfs7h9xfvyhwuxe38xds6z5lescak5u3gupqcpsgqqqqqqs4crxsu