Accounts with tax benefits
Opening an account is the first step. You may have a 401(k) or other retirement plan through your employer, but these accounts can increase your opportunities for tax-deferred or tax-free growth.
Retirement and IRAs
Tax-deferred and tax-free growth potential for retirement savings
529 College Savings Plans
Flexible, tax-deferred savings with tax-free withdrawals for qualified college expenses
Fidelity Personal Retirement Annuity®
Fidelity’s low-cost, deferred variable annuity for tax-deferred retirement savings
For accounts without tax advantages, consider these investment choices that offer tax-exempt income or potentially lower exposure to capital gains tax.
Municipal bonds and funds
Federally tax-exempt interest; potentially state tax-exempt as well, for bonds held by residents of the issuing state
Municipal bond mutual funds
Similar tax exemptions as municipal bonds with the advantages of mutual fund investing
Municipal money market funds
Short-term, high-quality investments with similar potential tax advantages as municipal bond funds
Funds with lower turnover rates
Typically conduct less security purchases and sales, a factor which may help mitigate capital gains taxes
Mutual funds research
To find other funds with lower turnover, include turnover in your advanced search criteria (located in the Fund Management category of the Fund Evaluator).
Services that include help with tax strategies
Every Fidelity customer has access to free, one-on-one guidance1 and 24/7 access to experienced investment professionals who can help you consider your tax situation. We also offer premium services to those who qualify.
Professional money management for those who have certain minimum amounts of investable assets; services may include strategies that seek to improve after-tax returns or comprehensive tax planning.2