Saving for Retirement - Traditional IRA (2024)

KEY BENEFITS

• No annual maintenance fee.¹
• $0 commission for online US stock, ETF, and option trades^{2 3}
• No transaction fee when trading most Fidelity mutual funds.⁴
• Your money grows tax-deferred, as earnings are not subject to tax until they are withdrawn.
• Contributions may be tax-deductible, based on income and participation in a workplace retirement plan.
• Two choices for your core position (where your money is held until you invest or withdraw it):
  • — FDIC-Insured Deposit Sweep (if available): An interest bearing cash position, offering the benefit of FDIC insurance eligibility through a Program Bank⁵. See the current interest rate schedule.
  • — Fidelity Government Money Market Fund: A Fidelity money market fund.⁶

FIDELITY ADVANTAGE

• A wide range of Fidelity & non-Fidelity funds, stocks, bonds, ETFs, and FDIC-insured CDs.
• Comprehensive research and tools to help you find, analyze, and track investment options.
• Knowledgeable representatives to help you create and maintain your plan.

GETTING STARTED

• Waive most mutual fund minimums by enrolling in automatic contributions.
• Select from a number of convenient ways to make a first-time contribution to your account.
• IRA contribution limits apply. See contribution amounts and deadlines for more detail.

1. There is no cost to open and no annual fee for Fidelity's Traditional, Roth, SEP, and Rollover IRAs. A $50 account close out fee may apply. Fund investments held in your account may be subject to management, low balance and short term trading fees, as described in the offering materials. For all securities, see the Fidelity commission schedule (PDF) for trading commission and transaction fee details.
2. $0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs), and options (+ $0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). There is an Options Regulatory Fee that applies to both option buy and sell transactions. The fee is subject to change. Other exclusions and conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Institutional® are subject to different commission schedules.
3. Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.
4. For more information, refer to the Brokerage Commission & Fee Schedule for retirement accounts.
5. The cash balance in the FDIC-insured Deposit Sweep is swept to an FDIC-insured interest-bearing account at a program bank. The deposit at the program bank is not covered by SIPC. The deposit is eligible for FDIC insurance subject to FDIC insurance coverage limits. All assets of the account holder at the depository institution will generally be counted toward the aggregate limit. The program bank will be assigned to your account during the account opening process. See the current list of eligible program banks. For more information, please see the FDIC Insured Deposit Sweep Program (PDF) This page will open in a popup window. disclosure document. For more information about FDIC insurance coverage, please visit the FDIC website at www.FDIC.gov This page will open in a popup window. or call 877-ASK-FDIC. Customers are responsible for monitoring their total assets at the Program Bank to determine the extent of available FDIC insurance. All FDIC insurance coverage is in accordance with FDIC rules.
6. You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund's sponsor, have no legal obligation to provide financial support to money market funds and you should not expect that the sponsor will provide financial support to the fund at any time.

   Fidelity's government and U.S. Treasury money market funds will not impose a fee upon the sale of your shares, nor temporarily suspend your ability to sell shares if the fund's weekly liquid assets fall below 30% of its total assets because of market conditions or other factors.

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.