COLLECTION: RETIREMENT PLANNING

IRAs: A smart way to save for retirement

IRAs can be a great way to save -- whether you're contributing to a 401(k) or other workplace savings plan, or not. If you put away just a little every month, it can make a big impact over time. Learn about the differences between Traditional and Roth IRAs to see which one is right for you.

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Zero account fees and minimums are available for retail brokerage accounts only. Expenses charged by investments, (e.g., funds and managed accounts, and certain HSAs) and commissions, interest charges, or other expenses for transactions may still apply. All Fidelity funds that previously required investment minimums of $10k or less, and in stock and bond index fund classes that previously had minimums of $100 million or less, now have zero minimums. See the fund's prospectus and Fidelity.com/commissions for further details.

Investing involves risk, including risk of loss.
All Fidelity funds that previously required investment minimums of $10k or less, and in stock and bond index fund classes that previously had minimums of $100 million or less, now have no minimums. See the fund’s prospectus and Fidelity.com/commissions for further details.
1.

A distribution from a Roth IRA is tax-free and penalty-free, provided the 5-year aging requirement has been satisfied and one of the following conditions is met: age 59½, disability, qualified first-time home purchase, or death.

2. For Traditional IRAs, penalty-free withdrawals include but are not limited to: qualified higher education expenses; qualified first home purchase (lifetime limit of $10,000); certain major medical expenses; certain long-term unemployment expenses; disability; or substantially equal periodic payments.
3.

For a Traditional IRA, for 2018 full deductibility of a contribution is available to active participants whose 2018 Modified Adjusted Gross Income (MAGI) is $101,000 or less (joint) and $63,000 or less (single); partial deductibility for MAGI up to $121,000 (joint) and $73,000 (single). In addition, full deductibility of a contribution is available for working or nonworking spouses of plan participants who are not themselves covered by an employer-sponsored plan whose MAGI is less than $189,000; and partial deductibility for MAGI up to $199,000. For 2019 full deductibility of a contribution is available to active participants whose 2019 Modified Adjusted Gross Income (MAGI) is $103,000 or less (joint) and $64,000 or less (single); partial deductibility for MAGI up to $123,000 (joint) and $74,000 (single). In addition, full deductibility of a contribution is available for working or nonworking spouses of plan participants who are not themselves covered by an employer-sponsored plan whose MAGI is less than $193,000; and partial deductibility for MAGI up to $203,000. If neither you nor your spouse (if any) is a participant in a workplace plan, then your Traditional IRA contribution is always tax deductible, regardless of your income.

4. You must be 18 to open an IRA with Fidelity. A custodian can open a Roth IRA for a minor under age 18.
5. At least one spouse must have employment compensation to use a Traditional IRA.
6. For single filers in 2018, those with Modified Adjusted Gross Incomes (MAGI) up to $120,000 are eligible to make full contributions. For 2019, those with Modified Adjusted Gross Incomes (MAGI) up to $122,000 are eligible to make full contributions. For joint filers in 2018, those with MAGI up to $189,000 are eligible to make full contributions. For 2019, those with MAGI up to $192,000 are eligible to make full contributions.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
Fidelity Brokerage Services Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02896
763907.4.0
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IRAs: A smart way to save for retirement

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