Inherited IRA

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

Benefits of an Inherited IRA

  • Continue the retirement account's tax-deferred growth
  • No immediate income tax impact
  • No tax penalties on withdrawals at any age

Call us at 800-544-0003

We recommend calling a Fidelity Transition Services specialist to help guide you through the process, in addition to consulting your attorney or tax advisor.

Earnings Any earnings grow federal income tax-deferred or tax-free.
Fidelity minimum to open None; transfer any inherited amount.
Required minimum distributions (RMDs) Vary by a number of factors, including your relationship to the deceased.

See the RMD rules for Inherited IRAs and use the Inherited IRA RMD Calculator

Any RMDs due for the original owner must be taken by their deadlines to avoid penalties.
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 Transition Services specialists to help you through the transfer process

Ongoing, one-on-one guidance—in person, online, or over the phone

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

There are no opening, closing or annual fees for Fidelity's Traditional, Roth, SEP, SIMPLE, and rollover IRAs.*
Trading Fees1

$0 commission for online US stock, ETF, and option trades

Next steps

Open an account or call a Fidelity Transition Services specialist at 800-544-0003.

Report the death of a Fidelity account owner
Once we receive your notification, we can restrict accounts and the inheritance process can begin.