Investing involves risk, including risk of loss.
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.
2. Most SEPs require employers to contribute to each employee's plan at the same percentage of their salary/wages. For this reason, SEPs are rarely chosen by those with greater than 20 employees.
3. Investment-only account. This is not a plan but type of account. The account is established by the Trustee. The Plan must be a Trustee-directed pooled account. It cannot be a plan that allows for employee investment direction. Please consult your plan document to see if you qualify to open an account.
4. If you withdraw the money before age 59½, you are generally subject to a 10% early withdrawal penalty, subject to certain exceptions. For SIMPLE IRAs, if the withdrawal is made within the first two years of plan participation, the 10% penalty increases to 25%.
Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation.
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