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Mutual Funds and Mutual Fund Investing - Fidelity Investments

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Inherited Roth IRA

Inherited Roth IRAs are specifically designed for retirement plan beneficiaries—those who have inherited a Roth IRA or workplace savings plan, such as a Roth 401(k).

Fidelity realizes that inheriting assets may be stressful. We recommend calling a Fidelity Transition Services specialist at 800-544-0003 to help guide you through the process, in addition to consulting your attorney or tax advisor.

If you are the spouse of the deceased account holder, you are eligible to move the assets into your own Roth IRA at Fidelity. Call us for more information or learn about your choices when inheriting an IRA.

Earnings	Any earnings grow federal income tax-deferred or tax-free.
Fidelity minimum to open	None; transfer any inherited Roth amount.
Required minimum distributions (RMDs)¹	Vary by a number of factors, including your relationship to the deceased. May be based on your age or the deceased’s age at the time of death. Penalties may occur for missed RMDs. Most are required to begin by December 31 of the year following the date of death.
Other withdrawals	No tax penalties on withdrawals at any age. Withdrawals may not be rolled back into the inherited account. Certain decisions must be made within 9 months of the date of death and by December 31 of the year following the date of death.

Unique advantage for inheritors	Provides the opportunity to continue the tax-advantaged growth of an inherited retirement account.
Investment options	A wide range of mutual funds, stocks, bonds, ETFs, and FDIC-insured CDs
Support and guidance	Fidelity Transition Services specialists to help you through the transfer process Research and tools to help you create a long-term plan and choose investments

Unique advantage
for inheritors

Provides the opportunity to continue the tax-advantaged growth of an inherited retirement account.

Investment options

A wide range of mutual funds, stocks, bonds, ETFs, and FDIC-insured CDs

Support and guidance

Fidelity Transition Services specialists to help you through the transfer process

Research and tools to help you create a long-term plan and choose investments

Account opening and annual maintenance fees	None* *There is no cost to open and no annual fee for Fidelity's Traditional, Roth, SEP, and Rollover IRAs. A $50 account close out fee may apply. Underlying fund expenses, including low balance and short term trading fees still apply. There may also be fees and expenses associated with transacting or holding specific investments.
Trading fees²	$0 commission for online U.S. stock trades

Uninvested cash	Uninvested cash in your account is held in what is known as a core position. Think of your core position as a place where money is held before you invest it or distribute it from your account. For an Inherited Roth IRA, the core position is the Fidelity Government Money Market Fund (SPAXX).

Questions?

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.

You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund’s sponsor, have no legal obligation to provide financial support to money market funds and you should not expect that the sponsor will provide financial support to the fund at any time.

Fidelity’s government and U.S. Treasury money market funds will not impose a fee upon the sale of your shares, nor temporarily suspend your ability to sell shares if the fund's weekly liquid assets fall below 30% of its total assets because of market conditions or other factors.

Investing involves risk, including risk of loss.

There are no opening, closing or annual fees for Fidelity's Traditional, Roth, SEP, SIMPLE, and rollover IRAs. Fund investments held in your account may be subject to management and short-term trading fees, as described in the offering materials. For all securities, see the Fidelity commission schedule (PDF) for trading commission and transaction fee details.

Guidance provided is educational.

The tax information contained herein is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice. Fidelity does not provide tax advice. Always consult with an attorney or tax professional regarding your specific legal or tax situation.

1. After you reach age 70½, the IRS generally requires you to withdraw an RMD annually from your own tax-advantaged retirement accounts (excluding Roth IRAs during the lifetime of the original owner). RMDs are generally required for inherited retirement assets and depend on many factors and may be required to begin for the year after the year of death of the original owner.

$0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs) and options (+ $ 0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). There is an Options Regulatory Fee (from $0.03 to $0.05 per contract,) which applies to both option buy and sell transactions. The fee is subject to change. Other exclusions and conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing & Custody Solutions^® are subject to different commission schedules.

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Inherited Roth IRA

Account details

Account benefits

Fees

Core position

Questions?

core position

Mutual Funds and Mutual Fund Investing - Fidelity Investments

Inherited Roth IRA

Account details

Account benefits

Fees

Core position

Questions?

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core position