Fidelity Personal Retirement Annuity®

Recognized as a Top Variable Annuity by Barron's,1 our Fidelity Personal Retirement Annuity®2 (FPRA) is a low-cost deferred variable annuity that allows you to save more for retirement on a tax-deferred basis.

Annuity details

May be appropriate for

Investors who want to increase their tax deferred retirement savings beyond the contribution limits of an IRA or 401(k), with the ability to invest in a wide range of investments including equity, bond, and asset allocation funds

Key features

Tax-deferred growth potential

Trade and rebalance with no tax consequences

Low annual annuity fees — among the lowest in the industry3

No surrender charge

The ability to invest as much as you want—no IRS contribution limits4

Any earnings not taxed until withdrawn5

Investment options

Choose from a selection of 55+ funds, many rated 4 or 5 stars by Morningstar®6

Customize your investment approach to help meet your investing style and objectives

Choose a single-fund strategy, build your own portfolio, or create your own industry sector investing approach

Learn more about FPRA investment approaches
Annual fees

0.25% for contracts purchased with an initial investment of less than $1 million (or have not yet accumulated $1 million)

0.10% for contracts purchased with an initial investment of $1 million or more (or have accumulated $1 million or more)7

Fund fees also apply

Minimum investment


Consider bringing your annuity to Fidelity

If you own an annuity outside Fidelity, a tax-free exchange to a Fidelity Personal Retirement Annuity® may help you accumulate more for retirement with lower fees and our professionally managed investment solutions.

Call us at 800-544-4936 for a free Annuity Cost Comparison Report to see if a tax-free 1035 exchange from your current annuity is right for you.8

Barron's recognizes Fidelity Personal Retirement Annuity® as a 2018 Top 50 Annuity1

FPRA was recognized as a Top Variable Annuity for tax deferred investing by Barron's—taking into account its low-fees and number of available investment options.

Next steps

Fidelity Personal Retirement Annuity video (2:46) Learn more about how FPRA may help you maximize the amount you save through tax-efficient investing.

Tax-Efficient Investing brochure (PDF) See how you can create a plan to help you defer, manage, and reduce taxes.

Call us at 800-544-3274
to buy FPRA or find out more.

Additional resources

FPRA fact sheet (PDF)
Read additional highlights of FPRA.

Stretch provision feature (PDF)
Review a distribution option for non-spousal beneficiaries.

Fidelity Personal Retirement Annuity FAQs
Need more information? Visit our frequently asked questions.