Originally Posted by
p3flteng
Ok, I just tried to move some money around in my 401k, specifically the DL stock we got from the merger, IE the Delta stock fund. The Fidelity website wont allow me to do anything with this stock, a message comes up saying I must use a company trading site or something similar, Did a quick search of this thread with alot of why you should dump our co stock from the merger, but not much on how to do that. Anyone have the gouge on HOW you do it?
It's restricted stock. It's a one way street going out. You can place a limit order at a specified amount or you can put in a market order. You cannot purchase more. There are no tax consequences. It's held inside your 401(k).
The proceeds can go into the seperate brokerage link account (which requires a seperate set up) or into the mutual fund menu. You cannot purchase DAL stock in the brokerage link, either.
If you have more questions, you can call the folks at Fidelity in the 401(k) department. They will be happy to help. It's not hard to do, it's just you have never done it before.