Fidelity Investments^® Launches New Retirement Distributions Center for IRA Investors

Comprehensive Online Destination Helps Fidelity Clients Manage IRA Withdrawals

BOSTON – Fidelity Investments^®, the leader in helping Americans save for retirement , today announced the launch of its new Retirement Distributions Center on Fidelity.com, designed to make it easier for Fidelity clients to set up, track and manage withdrawals from their IRAs. The comprehensive Center helps investors manage both minimum required distributions (MRDs) required by the Internal Revenue Service (IRS) and other elective withdrawals from their accounts.

The Center provides broad resources to help investors more clearly understand different withdrawal strategies and how they can fit into their overall retirement income plans. It allows investors who are currently taking IRA withdrawals to keep track of their year-to-date distributions and know immediately how much they are withdrawing and which accounts the withdrawals are coming from. It is available at no cost to a range of Fidelity customers, including those over age 59½ with a Fidelity Traditional, Rollover or Roth IRA, as well as Inherited IRA owners of all ages.

“Investors with IRAs who are nearing or in retirement have had to navigate a number of IRS rule changes and volatile markets over the past several years,” said Rick Mitchell, executive vice president at Fidelity. “We are committed to helping them avoid potentially costly penalties and maintain easy access to their assets. The Retirement Distributions Center is a straightforward, easy-to-understand distribution tracking service that provides real-time information so investors can be confident they have both fulfilled their IRS withdrawal requirements and are directing distributions to the accounts they have designated to support their overall retirement income and investing plans. It is the latest example of Fidelity’s ongoing commitment to helping investors transition smoothly into retirement.”

Comprehensive Capabilities and Education in One Central Location
Accessible directly from an investor’s Portfolio Summary page on Fidelity.com, the Center provides calculations and tracking, and other resources to help investors answer questions such as:

• How much do I have to withdraw annually based on the total balance of all of my accounts to comply with the IRS’ MRD requirements?
• How much have I taken to date from my account(s)?
• When do I need to complete the required distributions?

Specifically, the Center allows investors to:View comprehensive retirement account information for the account holder. (Fidelity account information is automatically populated and external account information can be added manually.)

• Select which accounts to execute withdrawals from and make manual withdrawals from selected accounts.
• Set up and edit automatic withdrawals from their IRAs to help ensure they complete their MRDs by year end and do not miss any payments to avoid incurring IRS penalties (which can be up to 50 percent of the sum not withdrawn by the IRS deadlines).
• Reinvest their withdrawals directly into non-retirement accounts at Fidelity.
• Receive e-mail alerts to help keep their distributions on track, including information such as the amount still due and the deadline for withdrawal.

In addition, investors can learn about the latest government updates pertaining to their accounts, read online educational content about various types of withdrawals and easily enroll in Fidelity’s automated withdrawal service. Content in the Center is provided to investors based on their age, type of account(s) and whether they are required to take minimum required distributions.

“The Center dramatically streamlines the process for taking required distributions and allows investors to manage all their withdrawals from one online location,” said Mitchell. “This, combined with the expertise of Fidelity’s team of investment professionals, provides a wealth of information about retirement income planning to help them select and execute their withdrawal strategies.”

New Educational Content for all IRA Investors
Within the Center, and on Fidelity’s retirement income program page (www.fidelity.com/incomeanswers), the company also introduced a series of educational resources to help Fidelity customers and non-customers better prepare for and manage IRA distributions and make other critical decisions about retirement income. They include:

A new MRD Webinar to help investors learn more about tax considerations associated with MRDs and select a strategy for satisfying their distribution requirements. It also provides guidance on how to calculate MRD amounts.

A new Social Security Webinar, coming later this month, that outlines four steps investors should consider before applying for Social Security. It discusses how Social Security impacts an investor’s income plan and offers strategies to consider for when to start taking payments.

A series of Fidelity Viewpoint articles about key topics, including: smart retirement withdrawals strategies; Inherited IRA information and withdrawal strategies; five big risks to retirement that investors should be aware of when planning and strategies for retirees in a down market.

Investors can also link directly to Fidelity’s comprehensive retirement income planning tools to help create or update their retirement income plan. Fidelity representatives also available any time via online chat, by calling 1-800-FIDELITY or by visiting one of Fidelity’s more than 160 U.S. Investor Centers.

About Fidelity Investments
Fidelity Investments is one of the world’s largest providers of financial services, with assets under administration of $3.4 trillion, including managed assets of more than $1.5 trillion, as of August 31, 2011. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms. For more information about Fidelity Investments, visit www.fidelity.com.

1 Cerulli Associates Quantitative Update Retirement Markets 2011 and Cerulli Edge Retirement Edition, First Quarter 2011.

The tax information is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice. Fidelity does not provide legal or tax advice. Fidelity cannot guarantee that such information is accurate, complete, or timely. Laws of a particular state or laws which may be applicable to a particular situation may have an impact on the applicability, accuracy, or completeness of such information. Federal and state laws and regulations are complex and are subject to change. Changes in such laws and regulations may have a material impact on pre- and/or after-tax investment results. Fidelity makes no warranties with regard to such information or results obtained by its use. Fidelity disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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