Ways to help you move from saving to living

If you want a steady flow of income each month, consider a guaranteed income annuity.

If you want to stay invested while drawing from your savings, take a look at Managed Retirement Funds.

If you’re 59½ or older and want more flexibility, try automatic withdrawals to help cover your monthly needs.

Guarantee Invest Withdraw

If you want a steady flow of income each month, consider a guaranteed income annuity.

Guaranteed Income Direct

When it comes to life in retirement, having a guaranteed income annuity may help you feel more secure.1 Learn how making a one-time investment may provide assurance knowing your money’s protected from uncertainties like market swings or outliving your savings2.

See how much income you could have. No commitments. Guaranteed.

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Guaranteed Income Direct

Managed Retirement Funds3

Automatic Withdrawals

Types Service Investment offering Account feature
Features Joint Life, Single Life, Period Certain

There are a few options to choose from:

  • Single Life: Lifetime income for just you.
  • Joint Life: Lifetime income for you and a spouse.
  • Period Certain: Income for a set number of years.
 		Adjustable amount, based on retirement age Fixed amount, fixed timeframe, fixed percentage, life expectancy
Minimum investment $10,000 $0 N/A
Age Varies by plan ~Age 60+ 59½+
Frequency Monthly Monthly, quarterly, annually4 Monthly, quarterly, annually
Additional options Annual increase cash refund

You may opt to add:

  • Annual increase: Increases payments each year, which can help you keep pace with inflation.
  • Cash refund: Your beneficiaries may receive a one-time payout—the difference between the investment amount and total income paid.
 		Managed Cash Flow5 Managed Cash Flow
Guaranteed Income Direct is only available to plan participants who are eligible based on plan rules for age and status.

If you want to stay invested while drawing from your savings, take a look at Managed Retirement Funds.

Managed Retirement Funds + Managed Cash Flow

We can help take the guesswork out of managing your savings. These are professionally managed funds designed to help your money grow while in retirement. Combine the fund with Fidelity's managed cash flow automatic withdrawal to convert your retirement savings into income.

You’ve done the work. Now let your savings work for you.

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Categories

Guaranteed Income Direct

Managed Retirement Funds3

Automatic Withdrawals

Types Service Investment offering Account feature
Features Joint Life, Single Life, Period Certain

There are a few options to choose from:

  • Single Life: Lifetime income for just you.
  • Joint Life: Lifetime income for you and a spouse.
  • Period Certain: Income for a set number of years.
 		Adjustable amount, based on retirement age Fixed amount, fixed timeframe, fixed percentage, life expectancy
Minimum investment $10,000 $0 N/A
Age Varies by plan ~Age 60+ 59½+
Frequency Monthly Monthly, quarterly, annually4 Monthly, quarterly, annually
Additional options Annual increase Cash refund

You may opt to add:

  • Annual increase: Increases payments each year, which can help you keep pace with inflation.
  • Cash refund: Your beneficiaries may receive a one-time payout—the difference between the investment amount and total income paid.
 		Managed Cash Flow5 Managed Cash Flow
Guaranteed Income Direct is only available to plan participants who are eligible based on plan rules for age and status.

If you’re 60+ and want more flexibility, try automatic withdrawals to help cover your monthly needs.

Automatic Withdrawals

When it comes time to withdraw, we can help you compare different withdrawal and payout options. You can choose between fixed amount, fixed timeframe, fixed percentage, and life expectancy, and see how your balance is affected over time.

Compare your options–and start paying for the retirement you want.

Log in to learn more Opens in a new window
Compare your options
Categories

Guaranteed Income Direct

Managed Retirement Funds3

Automatic Withdrawals

Types Service Investment offering Account feature
Features Joint Life, Single Life, Period Certain

There are a few options to choose from:

  • Single Life: Lifetime income for just you.
  • Joint Life: Lifetime income for you and a spouse.
  • Period Certain: Income for a set number of years.
 		Adjustable amount, based on retirement age Fixed amount, fixed timeframe, fixed percentage, life expectancy
Minimum investment $10,000 $0 N/A
Age Varies by plan ~Age 60+ 59½+
Frequency Monthly Monthly, quarterly, annually4 Monthly, quarterly, annually
Additional options Annual increase Cash refund

You may opt to add:

  • Annual increase: Increases payments each year, which can help you keep pace with inflation.
  • Cash refund: Your beneficiaries may receive a one-time payout—the difference between the investment amount and total income paid.
 		Managed Cash Flow5 Managed Cash Flow
The Automatic Withdrawals tool is only available to plan participants who are withdrawal eligible, based on plan rules for age and status.

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3 keys to your retirement income plan

Build income plans with guaranteed income, growth potential, and flexibility in mind.

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"Retirees Who Own an Annuity are More Confident.” Limra Research. 2018. A lifetime income annuity can provide an income stream for your entire life. When you opt for a period certain annuity, you can receive income payments for a set number of years you choose. The Managed Retirement Funds are subject to the volatility of the financial markets, including that of equity and fixed income investments in the United States and abroad, and may be subject to risks associated with investing in high-yield, small-cap, commodity-linked, and foreign securities. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly. No Managed Retirement Fund is considered a complete retirement program, and there is no guarantee that any single fund will provide sufficient retirement income at or through retirement. Principal invested is not guaranteed at any time, including at or after the funds’ target dates. The fund is designed primarily for investors who seek to convert accumulated assets into regular withdrawals over time. As with any mutual fund, withdrawals will reduce the investment balance, and future returns are not earned on amounts withdrawn. Available withdrawal schedule for the Managed Cash Flow. Payments from the Managed Cash Flow withdrawal option will vary year over year, may constitute a return of an investor’s capital and may increase or decrease depending on the yearly withdrawal rate and a customer’s account value. No target level of remainder assets is guaranteed. Before investing in any mutual fund, consider the investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully. Investment decisions should be based on an individual’s own goals, time horizon, and tolerance for risk. Past performance is no guarantee of future results. Investing involves risk, including risk of loss. Be sure to consider all your available options and the applicable fees and features of each before moving your retirement assets. Annuity payments are subject to ordinary income tax and may be subject to a 10% IRS penalty if received before age 59½. Fixed annuities available through Guaranteed Income Direct are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments company. A contract’s financial guarantees are solely the responsibility of and are subject to the claims-paying ability of the issuing insurance company. Income annuities available as plan distribution options are selected by the plan’s fiduciaries and sold and issued by third-party insurance companies which are not affiliated with any Fidelity Investments company. Fidelity Health Insurance Services, LLC (“FHIS”) may receive a fee from the issuing insurance company; however, FHIS does not directly or indirectly solicit, negotiate, or sell any annuities available as plan distribution options. A contract’s financial guarantees are solely the responsibility of and are subject to the claims paying ability of the issuing insurance company. In order to provide an income stream, income annuities provide limited or no access to the assets used to purchase them. Fidelity representatives are available to help provide education and decision support on retirement income planning and how guaranteed income may play a role. If you have questions about the distribution annuities available in your company's plan, you will be connected with the issuing insurance company, a third-party company that is not affiliated with any Fidelity Investments company. Fidelity is not responsible for any recommendation, information, or assistance you receive from the insurance company’s employees. Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation. Fidelity Health Insurance Services, LLC 245 Summer Street, V4C, Boston, MA 02210-1129 Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 © 2022 FMR LLC. All rights reserved. 1076617.2.0