Yes! You can use AI to fill out Fidelity Advisor IRA Application for Automatic Rollover Accounts

Applicants must provide the account number assigned during the automatic rollover from their former employer's plan in Section 1. This number is often overlooked or difficult to locate on statements, leading to an inability to link the new application to the existing funds. Without this number, Fidelity cannot process the transfer, causing significant delays until the applicant calls to retrieve it. To avoid this, carefully review your rollover confirmation statement before starting the application.

Section 3 is mandatory and requires details and a signature from the financial representative's firm, as this is a 'Fidelity Advisor' product. Applicants sometimes leave this section blank, assuming it's optional or that they can fill it out themselves, which is incorrect. This is a hard stop in the application process, as a representative is required for this type of IRA. Ensure your chosen financial representative completes and signs this section before you submit the form to prevent immediate rejection.

In Section 4, applicants frequently make errors such as providing both a dollar amount and a percentage for the same fund, or having percentage allocations that do not total exactly 100%. These mistakes create ambiguity and result in the entire rollover amount being placed in a default Fidelity Government Money Market Fund, which may not align with the applicant's investment goals. To prevent this, double-check your math and choose either percentages or dollar amounts, not both. AI form-filling tools like Instafill.ai can automatically validate that percentages sum to 100%, preventing such errors.

A critical error is assuming that beneficiary designations from a former 401(k) automatically transfer to the new Rollover IRA; the form explicitly states in Section 5 that they do not. Forgetting to complete this section means the account will be subject to default rules upon death (typically passing to a spouse, then the estate), which may contradict the account holder's wishes. Always complete this section fully to ensure your assets are distributed as intended.

When naming multiple primary or contingent beneficiaries in Section 5, the assigned percentages must sum to exactly 100% for each respective group. Applicants often make simple calculation errors, rendering the beneficiary designation invalid and requiring the form to be returned for correction. This delays account setup and leaves the account without a valid designation in the interim. Carefully verify that your primary beneficiary percentages total 100% and your contingent beneficiary percentages also total 100%.

Forgetting to sign and date the application in Section 10 is a common reason for rejection. Furthermore, a notarized signature is required in both Section 10 and 11 if the bank account listed for electronic transfers (Section 9) does not share a common owner with the IRA. Missing this crucial notarization step when required will halt the Money Line setup and can delay the entire application. Since this form is a non-fillable PDF, tools like Instafill.ai can convert it to a fillable version and highlight signature fields to ensure they aren't missed.

The application requires several attachments, including a copy of a valid government-issued photo ID (Section 1) and often a preprinted voided check for bank information (Section 9). Applicants can easily forget to include these physical or scanned documents with their submission. This omission leads to processing delays as Fidelity must contact the applicant to request the missing items. Create a checklist before submission to ensure all required documents are included.

Federal regulations require financial institutions to obtain a physical residential address for identity verification. While Section 1 allows for a P.O. Box as a mailing address, it explicitly requires the 'U.S. Residential Address' section to be completed as well in this case. Applicants who only provide a P.O. Box will have their application returned for correction, delaying the account opening. Always provide a full residential street address, even if you prefer to receive mail at a P.O. Box.

On the separate IRA Distribution Request form, applicants must make federal and state tax withholding elections. Many people are unaware that if no election is made, Fidelity is required to withhold a default of 10% for federal taxes on non-Roth IRA distributions. Choosing to opt-out of withholding without planning for the tax liability can result in a large, unexpected tax bill later. It is crucial to understand these choices or consult a tax advisor before requesting a distribution.

Section 1 explicitly states that a mobile phone number and email address must be provided to verify and authorize transactions. Entering an incorrect or outdated email or phone number can prevent you from receiving critical account alerts, trade confirmations, and security verification codes. This can lock you out of important account functions and delay access to your funds. Advanced form-filling tools like Instafill.ai can help prevent typos by validating data formats as you enter them.