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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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 five-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, full deductibility of a contribution for 2017 is available to active participants whose 2017 Modified Adjusted Gross Income (MAGI) is $99,000 or less (joint) and $62,000 or less (single); partial deductibility for MAGI up to $119,000 (joint) and $72,000 (single). In addition, full deductibility of a contribution is available for working or nonworking spouses who are not covered by an employer-sponsored plan whose MAGI is less than $186,000 for 2017; partial deductibility for MAGI up to $196,000. 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 who are not covered by an employer-sponsored plan whose MAGI is less than $189,000 for 2018 partial deductibility for MAGI up to $199,000.

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 2017, those with Modified Adjusted Gross Incomes (MAGI) up to $118,000 are eligible to make full contributions. For 2018, those with Modified Adjusted Gross Incomes (MAGI) up to $120,000 are eligible to make full contributions. For joint filers in 2017, those with MAGI up to $186,000 are eligible to make full contributions. For 2018, those with MAGI up to $189,000 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
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IRAs: A smart way to save for retirement

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