Fidelity Personal Retirement Annuity®

Recognized as a Top Traditional Annuity by Barron's,1 our Fidelity Personal Retirement Annuity®2 (FPRA) is a low-cost deferred variable annuity that allows you to increase your tax-deferred retirement savings beyond the contribution limits of an IRA or 401(k).

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Tax management

Pay no taxes on any earnings until funds are withdrawn3 or you receive an income payment. Trade and rebalance without tax consequences.

Low cost

Annual annuity fees are among the lowest in the industry.4

Investment choice

Potential to grow retirement assets faster than comparable taxable investments with over 55 funds.

Annuity details

Investment options Customize your investment approach to help meet your investing style and goals. Options include:
  • Choose a single fund strategy
  • Build your own portfolio with a selection of more than 55 funds, many rated 4 or 5 stars by Morningstar®5
  • Create your own industry sector investing approach and explore our sector model portfolios
FPRA investment approaches
Annual fees 0.25% for contracts purchased with an initial investment of less than $1 million (or which have not yet accumulated $1 million)

0.10% for contracts purchased with an initial investment of $1 million or more (or which have accumulated $1 million or more)6

Fund fees also apply

Minimum investment


FPRA research

View funds, pricing, and reports

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.
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More information

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

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

Learn more

These articles and videos explain some of the investment and retirement challenges that annuities may help you meet.

Fidelity Personal Retirement Annuity video

Learn more about how an FPRA may help you maximize the amount you save through tax-efficient investing.

Tax-Efficient Investing brochure

See how you can create a plan to help you defer, manage, and reduce taxes.

Get in touch

Contact us to get help and answers.

Open an annuity


Questions about an
existing annuity?