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

With over 55 funds, the potential to grow retirement assets faster than comparable taxable investments.

Annuity details

Investment options Customize your investment approach based on how much you'd like to be involved and your financial goals.
  • A hands-off approach might be a fit if you don't want to actively manage your portfolio and prefer to choose one single fund where Fidelity provides automatic diversification5 and professional money management.
  • A hands-on approach might be a fit if you want to manage your own investments. You'll be able to utilize our powerful research tools to choose from more than 55 Fidelity and non-Fidelity funds, many rated 4 or 5 stars by Morningstar®.6
  • A sector investing approach might be a fit if you are interested in managing your own investments while focusing on 11 funds that each represent a specific segment of the economy.
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.

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.

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Contact us to get help and answers.

Call us

Open an annuity


Questions about an
existing annuity?