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How to Sell, and Withdraw Money from Fidelity 401(k): Complete Guide

Managing investments efficiently requires clear guidance and precise action. In this comprehensive guide, we explain how to sell stock on Fidelity, how to buy stocks in Fidelity, and provide step-by-step instructions on how to withdraw money from Fidelity 401k, including online withdrawal options and post-employment distributions. We also include essential contact details such as the Fidelity phone number, Fidelity Investments phone number, and Fidelity customer service number to ensure seamless support when needed.

 

How to Sell Stock on Fidelity?

Understanding how to sell stock on Fidelity ensures that you can manage your portfolio strategically and efficiently. The process is straightforward whether you are using the Fidelity website or mobile app.

Step-by-Step: How Do I Sell Stock on Fidelity

1.     Log in to your Fidelity account at Fidelity.com.

2.     Navigate to Accounts & Trade and select Trade.

3.     Choose the brokerage account holding the stock.

4.     Enter the stock’s ticker symbol.

5.     Select Sell as the action.

6.     Choose order type (Market, Limit, Stop, or Stop Limit).

7.     Enter the number of shares.

8.     Review and confirm the order.

A market order executes immediately at the current price, while a limit order allows us to set a preferred selling price. After confirmation, we can track the order under Activity & Orders.

We recommend reviewing tax implications before executing a sale, particularly for short-term gains.

 

How to Buy Stock on Fidelity?

Learning how to buy stock on Fidelity empowers us to invest confidently and grow long-term wealth.

Step-by-Step: How to Buy Stocks in Fidelity

1.     Log in to your Fidelity account.

2.     Select Accounts & Trade.

3.     Click on Trade.

4.     Choose your brokerage account.

5.     Enter the stock ticker symbol.

6.     Select Buy.

7.     Choose the order type.

8.     Enter the number of shares or dollar amount (for fractional shares).

9.     Preview and submit the trade.

Fidelity allows fractional share investing, enabling us to purchase portions of high-value stocks with minimal capital. Orders typically settle within two business days (T+2), after which shares are fully owned in the account.

 

Understanding Order Types on Fidelity

To maximize efficiency when buying or selling stocks, we use appropriate order types:

·         Market Order – Executes immediately at current price.

·         Limit Order – Executes only at a specified price or better.

·         Stop Order – Becomes market order once stop price is reached.

·         Stop-Limit Order – Combines stop trigger with limit price control.

Choosing the correct order type enhances control over pricing and risk exposure.

 

How to Withdraw Money from Fidelity 401k Withdrawal Online?

To process a Fidelity 401k withdrawal online, follow these steps:

1.     Log into your Fidelity account.

2.     Select your 401(k) retirement account.

3.     Choose Loans or Withdrawals.

4.     Select withdrawal type (Hardship, Partial, and Full Distribution).

5.     Enter withdrawal amount.

6.     Review tax withholding details.

7.     Submit the request.

Funds are typically deposited via direct deposit within 3–7 business days. Online withdrawals provide the fastest and most efficient method.

 

How to Withdraw from Fidelity 401k after Leaving Job?

When employment ends, we have multiple options:

·         Leave funds in the existing 401(k)

·         Roll over into an IRA

·         Transfer to a new employer’s 401(k)

·         Cash out Fidelity 401k

To withdraw after leaving a job:

1.     Log into the account.

2.     Select distribution options.

3.     Choose rollover or cash distribution.

4.     Confirm tax withholding preferences.

A direct rollover avoids immediate taxation, while cashing out may trigger taxes and penalties.

 

How to Withdraw Money from Fidelity 401k without Penalty?

Avoiding penalties depends on age and circumstances. Generally, withdrawals before age 59½ incur a 10% early withdrawal penalty plus income tax.

However, penalty-free exceptions may apply:

·         Age 59½ or older

·         Rule of 55 (if leaving job at age 55 or later)

·         Disability

·         Qualified medical expenses

·         Qualified domestic relations orders

Careful selection of withdrawal type helps reduce financial impact.

 

How to Cash Out Fidelity 401k?

If choosing to cash out Fidelity 401k, we must understand consequences:

·         20% mandatory federal tax withholding

·         Possible additional state tax

·         10% early withdrawal penalty (if under 59½)

To cash out:

1.     Access the 401(k) account.

2.     Select full distribution.

3.     Choose payment method (direct deposit or check).

4.     Review tax deductions.

5.     Submit.

This option provides immediate liquidity but reduces long-term retirement savings.

 

Fidelity Contact Information and Customer Support

Reliable customer service ensures fast issue resolution. Below are essential contact details.