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Retirekit Glossary W


Wash Sale
A wash sale occurs if you sell shares at a loss and buy additional shares (even in another account) of the same or substantially identical security within 30 days before or after the sale.

The Wash Sale Rule prevents an investor from obtaining the benefit of a tax loss without having reduced the investment. Under the rule, the loss is treated as “washed” when the new shares are acquired. The holding period of the original shares is added to the cost basis of the reacquired shares and is deferred until the reacquired shares are sold.

Watch List
A list of securities you want to track. You can include stocks, mutual funds, money markets, options, and indexes in a watch list. You can create up to 15 watch lists and each watch list can have up to 50 securities. The 15 watch lists include any you might have created using the Watch List feature under the Research tab as well as those you created using Fidelity Active Trader Pro® and Alerts.

Watch List Name
The name you give a watch list and that is displayed when you view a watch list. Watch lists displayed using Watch Lists on Fidelity.com can have a name up to 25 characters in length. Watch lists created using other features can have names that are longer. If you view a watch list with a name that is longer than 25 characters, the first 23 characters display with the suffix -a (e.g., My early retirement wat-a).
Also, now that all of your watch lists are available regardless of the feature you used to add them (e.g., add watch lists using Fidelity Active Trader Pro® and Fidelity.com) it is possible that you may have watch lists with the same name causing duplicate watch list names. Watch lists with duplicate names display with the -a suffix.

Williams % R
Williams %R is a momentum indicator that measures overbought and oversold (bullish) levels.
When the indicator reaches the levels of 80-100 it suggests the security is oversold. Conversely, readings in the 0-20 range signal overbought (bearish) conditions.
The Williams %R indicator in BigCharts references the following default parameter: Number of Bars – 10 Bars.

Wilshire 4500
Wilshire 4500 is a market capitalization-weighted index of approximately 6,500 U.S. equity securities. The Wilshire 4500 includes all the stocks in the Wilshire 5000 except for stocks included in the S&P 500.

Withdrawal Amount
This field signifies the dollar amount to be redeemed and distributed from the specified account. This represents the gross redemption amount. The amount you actually receive will be the amount after any federal tax withholding, state tax withholding, and applicable fees are deducted.

Withdrawal Expiration Date
The end of the period of time during which you can withdraw from an Income Advantage annuity.

Withdrawal Method
When requesting an IRA distribution, withdrawal method refers to the way in which the proceeds from the withdrawal are to be distributed. Depending upon your eligibility, the following options display:

  • Directed to non-retirement Fidelity account

  • Generally, the proceeds from the withdrawal will be available the next business day.

  • Directed to your bank using Fidelity Electronic Funds Transfer

  • Generally, the proceeds from an IRA withdrawal will be available in 1 to 3 business days.

  • Sent by check to mailing address

  • Generally, you will receive the check within 5 to 7 business days.

Withdrawal Type
The withdrawal type that displays on the Withdraw Money from Your IRA screens depends upon your date of birth. There are several types of withdrawals that can be requested on Fidelity.com:

  • Normal, if you are age 59 1/2 or over

  • Early, if you are under age 59 1/2

  • Early due to disability, if you are under age 59 ½ and disabled (Note: You must satisfy the IRS definition of disabled).

  • Distribution due to Death, if you were listed as the beneficiary on an IRA. In this case, you will be requesting a withdrawal from a Beneficiary Distribution Account.

  • Distributions due to death are not subject to the 10% premature distribution penalty even if you are under age 59 1/2 and request this type of distribution.

For all other types of distribution, call a Fidelity representative at 800-544-6666.

Withdraw From
This field signifies the account from which the funds will be redeemed and distributed.

Withdrawn this Contract Year

The total amount you have withdrawn in the Current Contract Year.

Tel: 800-900-5867 Fax: 800-900-0750 Email:info@theretirementgroup.com

Registered Representative of and securities offered through FSC Securities Corporation, Member FINRA / SIPC. Investment Advisor Representative of and Advisory Services Offered Through The Retirement Group, LLC or FSC advisory. The Retirement Group, LLC and FSC Financial are not affiliated companies


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