Investing involves risk, including risk of loss.
1. A distribution from a Roth IRA is tax free and penalty free, provided the five-year aging requirement has been satisfied and one of the following conditions is met: age 59½, disability, qualified first-time home purchase, or death.
2. You must be 18 to open an IRA with Fidelity. A custodian can open a Roth IRA for a minor under age 18.
3. For 2019, if you're single, the ability to contribute to a Roth IRA begins to phase out at MAGI of $122,000 and is completely phased out at $137,000. If you're married filing jointly, the phaseout range is $193,000 to $203,000.
4. The 5-year aging begins January 1 of the year of the first contribution.
5. Based on unreimbursed medical expenses that are more than 7.5% of your adjusted gross income for the year.
6. Additionally, periodic payments, medical expenses in excess of 7.5 AGI, unemployed purchase of health insurance, and IRS levy are additional distributions that are penalty free.
7. Zero account fees and minimums are available for retail brokerage accounts only. Expenses charged by investments (e.g., funds and managed accounts, and certain HSAs), commissions, interest charges, or other expenses for transactions may still apply. All Fidelity funds that previously required investment minimums of $10,000 or less, and for stock and bond index fund classes that previously had minimums of $100 million or less, now have zero minimums. See the fund’s prospectus and Fidelity.com/commissions for further details.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917