I got a $19,200 check In the mail, here's why

@echalejose

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Fidelityseen in 24 videos →

Why it worked

The video provides a clear, actionable financial tip that directly addresses a common pain point (fees) and offers a tangible benefit (saving money on retirement contributions). The use of a large, specific sum of money ($19,200) creates intrigue and makes the advice seem more credible and impactful.

Summary

The creator received a $19,200 check after rolling over their employer's Roth IRA to a personal Fidelity account to avoid monthly fees. They explain the process and emphasize the importance of depositing the funds within 60 days and labeling it correctly as a rollover contribution.

Structure

1Received a $19,200 check
2Explains the reason: avoiding fees
3Details the rollover process to Fidelity
4Highlights the 60-day deposit window
5Advises on proper labeling and avoiding fees

Product placement

Fidelity: ACTS - The video discusses rolling over a Roth IRA to Fidelity and mentions Fidelity as the provider with zero fees. Removing it would change the video's topic. It appears as a watermark/logo on the building and on the check. The check itself is a result of using Fidelity's services.

Original caption

I received a $19,200 check in the mail and it’s not what you think. I rolled over my employer Roth IRA to my personal Fidelity account to avoid $240 a year in fees and the process took one phone call. Here’s exactly how I did it and what you need to know before you do the same. @Fidelity Investments #echalejose #Fidelity #rothira #PersonalFinance #investing

More from @echalejose

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On-screen text

I got a $19,200 check In the mail, here's why $19,200. THAT'S THE AMOUNT OF MONEY RECEIVED IN THE AND LET ME EXPLAIN WHY I WHEN I LEFT HAD A 401K AND A ROTH THROUGH MY EMPLOYER. BUT I ALSO PERSONAL ROTH I RA. WITH FIDELITY THAT I OPENED MYSELF. NOTICED. WAS CHARGING ME ABOUT $20 IN FEES EVERY MONTH. $240 A YEAR MY MONEY SIT THERE. FIDELITY, ZERO FEES. THEM, POWER, MY EMPLOYER'S PROVIDER, AND I TOLD WANTED TO DO THEY ASKED WHERE, FIDELITY. DONE. A CHEQUE FOR THE FULL AMOUNT, $19,200. AND HERE'S WHAT KNOW. DAYS FROM THE DAY YOU RECEIVE TO DEPOSIT IT INTO YOUR ROTH DON'T SIT ON IT, DON'T SPEND DEPOSIT IT AND A ROLE OF A CONTRIBUTION, CONTRIBUTION, SINCE IT'S A ROLL OVER ALREADY POST TAX MONEY. NO TAXES OWE, NO PENALTIES, NO DRAMA. ONE YOU CAN ONLY YOU LEAVE YOUR SO KEEP THAT IN MIND, BECAUSE $240 A YEAR IN FEES DOESN'T SOUND LIKE A THAT SHOULD BE COMPOUNDING FOR YOUR RETIREMENT, NOT GOING INTO FEES. KNOW WHERE KNOW WHAT IT'S AND KNOW THAT MOVING IT IS A LOT EASIER OF PEOPLE THINK. DONE A ROLL OVER ECHALE

Transcript

I got a $19,200 check in the mail, here's why. $19,200. That's the amount of money I received in the mail and let me explain why I when I left had a 401K and a Roth through my employer, but I also personal Roth IRA with Fidelity that I opened myself. Here's what I noticed. My employer's plan was charging me about $20 in fees every month. $240 a year to have my money sit there. Fidelity, zero fees. I called them, Power, my employer's provider, and I told them that I wanted to do a rollover. They asked where, Fidelity. Done. They sent me a cheque for the full amount, $19,200. And here's what you know. You have 60 days from the day you receive that check to deposit it into your Roth IRA. Don't sit on it, don't spend it. Deposit it and label it as a rollover, a contribution, not a regular contribution, since it's a roll over already post tax money. No taxes owe, no penalties, no drama. One more thing, you can only do this after you leave your job. So keep that in mind, because $240 a year in fees doesn't sound like a lot, but that should be compounding for your retirement, not going into fees. Know where know what it's and know that moving it is a lot easier than a lot of people think. Done a roll over echale