Pay no taxes on any earnings until funds are withdrawn3 or you receive an income payment. Trade and rebalance without tax consequences.
Annual annuity fees are among the lowest in the industry.4
With over 55 funds, the potential to grow retirement assets faster than comparable taxable investments.
|Investment options||Customize your investment approach based on how much you'd like to be involved and your financial goals.
|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)7
Fund fees also apply.
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.
Stretch provision feature (PDF)
Review a distribution option for non-spousal beneficiaries.
These articles and videos explain some of the investment and retirement challenges that annuities may help you meet.
Learn more about how an FPRA may help you maximize the amount you save through tax-efficient investing.
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
Before investing, consider the investment objectives, risks, charges, and expenses of the annuity and its investment options. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
Investing in a variable annuity involves risk of loss - investment returns and contract value are not guaranteed and will fluctuate.
Fidelity Personal Retirement Annuity (Policy Form No. DVA-2005, et al.) is issued by Fidelity Investments Life Insurance Company and, for New York residents, Personal Retirement Annuity (Policy Form No. EDVA-2005, et al.) is issued by Empire Fidelity Investments Life Insurance Company®, New York, N.Y. Fidelity Brokerage Services, Member NYSE, SIPC, and Fidelity Insurance Agency, Inc., are the distributors.
Withdrawals of taxable amounts from an annuity are subject to ordinary income tax, and, if taken before age 59½, may be subject to a 10% IRS penalty.
According to 12/31/21 data on non-group open variable annuities from Morningstar, Inc., at 0.25% Fidelity Personal Retirement Annuity's annual annuity charge is significantly lower than the national industry average 1.04% annual annuity charge. Underlying fund fees also apply.
Diversification does not ensure a profit or guarantee against loss.
Clients are eligible for an annual fee of 0.10% if (1) the contract is purchased with an initial purchase payment of $1,000,000 or more on or after September 7, 2010, or (2) the contract value has accumulated to $1,000,000 or more on or after September 7, 2010 and at that time we are offering the contract to new applicants for 0.10%. See prospectus for additional details.
Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917