/biz/ - Business & Finance

Guys, I've been investing with my 401k (thankfully my benefits package allows me to contribute anything over 4% of my contributions into whatever stock I want if I don't like their retirement plan - which I've outperformed by leaps and bounds).

I opened up a roth IRA account too because of all the money I've been saving since Covid lockdowns. I have $10k in cash and I don't want the Fed to make that useless. I've got about $6k in PMs, $38k in my 401k, and $1k in my personal account because I've always been too scared to play with actual savings.

But I don't want my savings fucked by inflation. I also don't want to put all of my savings into a personal account, I want some of that to be converted into my Roth. Is it impossible to fund a Roth IRA with a checking account? Can I only contribute by transferring from my 401k? I don't see the option on Fidelity to transfer from bank to roth.