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
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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
There are no opening, closing or annual fees for Fidelity's Traditional, Roth, SEP, SIMPLE, and rollover IRAs.*
$0 commission for online US stock, ETF, and option trades
No account fees or minimums to open Fidelity retail IRA accounts. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs), and commissions, interest charges, and other expenses for transactions, may still apply. See Fidelity.com/commissions for further details.
$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 (historically from $0.01 to $0.03 per $1,000 of principal). There is an Options Regulatory Fee that 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 Institutional® are subject to different commission schedules.
Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.