We know saving for retirement is a top priority for many investors. No matter where you are in the planning process, you may have questions. We can help. Check out the questions we've already answered, or if you're a Fidelity customer, submit your own. We'll post replies to selected questions on a weekly basis.
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For more than 60 years, through all kinds of market conditions, Fidelity has been helping people like you pursue their financial goals. Ken Hevert and Sarah Walsh, who lead our Ask Fidelity team, have spent decades helping investors understand retirement strategies. They can help put Fidelity’s expertise to work for you.
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Fidelity can help you weigh the factors to consider when comparing IRAs and other qualified plans like a 401(k) or 403(b). Call your plan’s toll-free service center phone line, or 800-343-3548, to speak with a representative. If this is potentially an area of concern for you for whatever reason, I suggest consulting with an attorney in your area who would be more familiar with your state’s rules on creditor protection of IRAs.
In general, you are able to view an account statement online by following these steps:
• Go to www.NetBenefits.com and log in to your account.
• On the home page you will see your 401(k) plan, and there is a Quick Links dropdown menu. Using this, select Statements.
• On the following page, you would select the time period you are looking for, going back up to 24 months, and select the button for Retrieve Statement.
• You will then be able to print the statement you have loaded.
Regarding the symbols for your investments; if an investment is not publicly traded it will not have a ticker symbol. If this is the case for your specific investments, you may be able to get the information you need by calling the Benefits Center at 800-835-5097, Monday through Friday, 8:30 a.m. till midnight Eastern Time. To see all your investments and symbols listed, follow the steps above, but select Investment Performance and Research from the Quick Links menu. Under View Your Performance, you will see your holdings, and if the investment has a symbol, it will be shown in parentheses.
If these steps don’t provide the information you are looking for, or if you prefer to have documents mailed to you, we can certainly see what other options we have to get you the information you need as soon as possible.
Thank you for taking the time to message us. I hope this helps.
A proper asset allocation strategy (your mix of stocks, bonds, and cash) should be based on your risk tolerance and your time frame. If a person is very uncomfortable with the ups and downs of the market, they should consider a more conservative portfolio (more bonds or cash and less stock). Or perhaps a person is comfortable with normal market fluctuations, but might need to utilize their assets in the near future. This person would also want a more conservative mix, to avoid having to sell investments when they may be lower in value due to market changes.
Even though you want to try to make sure your investments don’t lose value as you approach retirement, a recent Fidelity Viewpoints® article reports that most people can expect to live 20 years or more in retirement: https://www.fidelity.com/viewpoints... Over that time period, a portfolio without the ability to provide some growth could be impacted by inflation.
My first suggestion is to call your plan’s toll-free service center phone line and ask to speak with a guidance representative who can help you put together a mix of investments that meets your time frame and risk tolerance. If you prefer to do it on your own, you could use the Portfolio Review tool on NetBenefits® and Fidelity.com.
Thanks and good luck.
Important Additional Information:
Guidance provided by Fidelity through the Portfolio Review tool is educational in nature, is not individualized, and is not intended to serve as the primary basis for your investment or tax-planning decisions.
To model a loan:
1. Log in to NetBenefits.com.
2. Select Loans or Withdrawals from the Quick Links menu under your plan name.
3. Select Request a Loan or Withdrawal.
4. Then choose Set Up and Preview Loan from the available types of loans.
This will bring you to the loan modeling page where you can change the inputs to see what different loans will look like for you.
You can also call your plan’s toll-free service center phone line to have a representative provide the loan information based on your requirements.
The other way to accomplish both transactions is to call your plan’s toll-free service center phone line and have a representative assist you with both changes.