Originally Posted by
PedroNY
Happy,
You can certainly buy/sell stocks in a ROTH IRA account. However, Fidelity has different type of accounts associated with Roth IRA. You can have a mutual fund account only (which is what my wife has) that can only trade mutual funds, or you can open up a Roth IRA brokerage aco.... and trade stocks in it. Therefore, if you open a Roth IRA Mutual Fund trading account, you cannot trade individual stocks in that account, Fidelity will not allow you to that. So, that is the difference. Somehow they are digging their heels in and saying that this Roth IRA Mutual Fund account counts as a Retail Brokerage Account... that does not make sense to me -- my wife cannot buy a share of GE or GOOGLE right now even if she wanted to do that through that account.
Anyone at all has contact information for Fidelity? VP of Customer Service? Some upper level manager who would have some authority here? I would greatly appreciate some info.
Best,
PedroNY
I personally feel Fidelity is being extremely unreasonable to treat folks who have mutual fund accounts the same way as having brokerage accounts.
If you are for it, I would suggest you to write to the CEO and VP for marketing to voice your complain - I am sure you can dig up the necessary names and address through googling.