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) and commissions, interest charges, or other expenses for transactions may still apply. All Fidelity funds that previously required investment minimums of $10k or less, and in 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.
Investing involves risk, including risk of loss.
All Fidelity funds that previously required investment minimums of $10k or less, and stock and bond index fund classes that previously had minimums of $100 million or less, now have zero minimums.
A qualified distribution from a Roth IRA is tax-free and penalty-free, provided the 5-year aging requirement has been satisfied and one of the following conditions is met: age 59½ or older, disability, qualified first-time home purchase, or death.
For a Traditional IRA, for 2021, full deductibility of a contribution is available to active participants whose 2021 Modified Adjusted Gross Income (MAGI) is $105,000 or less (joint) and $66,000 or less (single); partial deductibility is available for MAGI up to $125,000 (joint) and $76,000 (single). In addition, full deductibility of a contribution is available for working or nonworking spouses of plan participants whose MAGI is less than $198,00 and who are not personally covered by an employer-sponsored plan, and partial deductibility is available for MAGI up to $208,000. If neither you nor your spouse (if any) participates in a workplace plan, then your Traditional IRA contribution is always tax deductible, regardless of your income.
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.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917