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Mutual Funds and Mutual Fund Investing - Fidelity Investments

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Retirement income planning

Knowing you have a plan to help you move from saving to living. That's The Planning Effect.

We can help look at how much you have

What you have saved for retirement, and how much predictable income you'll get from Social Security, pensions, or annuities.^* Read 3 keys to an income plan

... and give your money the chance to grow

Include your 401(k), IRA, and other accounts all in one place and see strategies to balance growth potential and help generate income. Explore investment options

... how much you'll need

We'll help you look at the essentials like housing and health care, as well as plan for expenses like travel and hobbies.
See how much you'll need

... all while being smart about taxes

We'll help you determine how and when to make withdrawals so you can potentially keep more of your money in retirement.
Read tax-savvy withdrawals

You're in control of your retirement, but here are some important ages to note.

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Social Security

The earliest you can claim Social Security, but your benefit will be higher the longer you wait.

Explore when to claim

Medicare

The age most people can enroll in Medicare for health care in retirement.

Consider your options

Required minimum distributions (RMDs)

When to start withdrawing from your traditional IRAs, or pay a penalty.

Avoid RMD pitfalls

Don't know where to start when it comes to retirement?
Explore how to make informed decisions on where to live, how to shift strategy, covering health care costs, and more.
Explore the guide

Consider guaranteed income^*

Estimate the income you could receive from a fixed income annuity.

Explore annuities

Estimate your retirement income

See how much you could have every month—and the potential impact to your cash flow.

Estimate your income

Discover the phases of retirement

Learn about the life event we call retirement and how you can prepare for every phase.

Learn about retirement

Invest in your retirement today

Questions? Call

800-343-3548

Investing involves risk, including risk of loss.

* Annuity guarantees are subject to the claims-paying ability of the issuing insurance company.

IMPORTANT: The projections or other information generated by the Planning & Guidance Center, Retirement Analysis, and Retirement Income Calculator regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. Results may vary with each use and over time.

Fidelity advisors are registered with Fidelity Brokerage Services LLC (FBS) and licensed with Fidelity Personal and Workplace Advisors LLC (FPWA), a registered investment advisor. Whether a Fidelity advisor provides advisory services through FPWA for a fee or brokerage services through FBS will depend on the products and services you choose.

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.

Fidelity's Virtual Assistant uses advanced technology and artificial intelligence to help with frequently asked questions and to enhance your digital experience. It is designed to be both anticipatory and responsive based on your search terms, information you enter in reply to the Virtual Assistant's questions, and your account and other information on file with Fidelity. Fidelity does not guarantee accuracy of the Virtual Assistant's responses or alignment of its suggestions with your intended purpose. The Virtual Assistant does not recommend the purchase or sale of specific securities or digital assets. While it may offer educational information, it does not have the capability to discern what investment choices would be suitable for your personal situation. Do not attempt to place trade orders through the Virtual Assistant; it can provide you with guidance as to how to place a trade at Fidelity, but the Virtual Assistant cannot execute trades on your behalf. Any personal, account or other information you provide to the Virtual Assistant, as well as all search information entered, may be retained, accessible to Fidelity personnel, and used and shared consistent with Fidelity's Privacy Policy. Notwithstanding, you should not provide the Virtual Assistant with credit or debit card information or protected health information.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

894790.11.0

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Knowing the rules

Taxes and penalties
You can begin taking withdrawals from your individual retirement accounts penalty-free, starting at age 59½ regardless of whether you are still working.*

Withdrawals from your traditional IRA or 401(k) are generally taxed as ordinary income. If you are older than 59½, withdrawals from your Roth IRA are not taxed as long as it has been more than 5 years since your first Roth IRA contribution.

Required minimum distributions (RMDs)
Beginning at age 72,^† you are required to take a minimum amount out of your IRA (but not Roth IRAs) every year.

Be aware that the rules for RMDs are strict and making a mistake could result in a 50% penalty on the amount not withdrawn on time.

Learn more	Take action
Withdrawal rules vary at different ages	See RMD requirements for your Fidelity retirement accountsLog In Required

*Your workplace savings account may have different rules; you should contact your savings plan administrator to learn more.

^† The change in the RMD age requirement from 70½ to 72 only applies to individuals who turn 70½ on or after January 1, 2020. Please speak with your tax advisor regarding the impact of this change on future RMDs.

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Taking withdrawals

It is easy to withdraw money from your accounts at Fidelity. You can withdraw money when you need to or set up automatic transfers from your retirement savings to your spending account. The quickest way is to make the transfer electronically. We can help.

Learn more	Take action
Withdrawing from your IRA	Withdraw from your Fidelity accountsLog In Required

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