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Fidelity Income Replacement FundsSM combine the power of professional asset management with professionally managed withdrawals to help turn part of your savings into regular monthly payments.*
Important information about this estimator
This estimator is for illustrative purposes only and is not indicative of any investment. This exhibit is not intended to project or predict the present or future value of an actual holding. Past performance is no guarantee of future results. Monthly payments are calculated based on a schedule of annual target payment rates determined by the Fund's advisor, Strategic Advisers, Inc., a registered investment advisor and a Fidelity Investments company, and disclosed in the prospectus. The dollar amount of the monthly payment will remain the same each month of a given calendar year, except for the final monthly payment which may vary in connection with the liquidation of the Fund. Actual monthly payments may vary slightly due to rounding. Buying additional shares of a Fund or selling shares outside the SPP generally will increase or decrease, respectively, the dollar amount of a shareholder's monthly payments. The dollar amount of the monthly payment generally will fluctuate from one year to the next due to a number of factors. Not intended to represent the performance of any Fidelity fund.
Please note that the Fidelity Income Replacement Funds and the Smart Payment Program may not be appropriate for all investors. For example, depending on the time horizon, income needs and tax bracket, participation in the Smart Payment Program might not be appropriate for younger investors not currently in retirement, in IRAs or other tax-advantaged accounts for those investors under 59 1/2, or for participants in employer-sponsored plans. Investors who hold a Fidelity Income Replacement Fund within a tax-advantaged retirement account and who elect to participate in the Smart Payment Program should consult their tax advisers to discuss tax consequences that could result if payments are distributed from their core account prior to age 59 1/2 or if they plan to use the Smart Payment Program, in whole or in part, to meet their annual minimum required distribution. In addition, use of the Smart Payment Program may be restricted in employer-sponsored plans by the terms of the governing plan documents and/or at the discretion of the plan administrator. Review the information provided carefully with your financial adviser before deciding whether a Fidelity Income Replacement Fund is right for you.