Fidelity Personal Retirement Annuity
Enhance your retirement portfolio the easy way
Fidelity Personal Retirement Annuity®1 (FPRA) is a tax-deferred variable annuity that is low cost and allows you to save more for retirement without losing ground to taxes every year. Any gains are taxed as ordinary income when money is withdrawn.
Key Benefits of FPRA
- An effective way to help your savings grow: Already contributing the maximum to your 401(k) and IRA? There is no IRS contribution limit for FPRA, so you can make virtually unlimited contributions2, while deferring taxes.
- One of the lowest-cost annuities in the industry: Our 0.35% annual annuity charge is lower than 99% of competitive firms3, so you can accumulate more savings. FPRA does not have a guaranteed minimum death benefit, whereas competitor annuities may.
- Investment options with the strength of Fidelity: Choose from a wide range of funds across 55 portfolios, including many with 4- and 5-star Morningstar ratings.4
- A transparent, easy choice: FPRA is easy to open and easy to own. You can get started today with a simple phone call to Fidelity at 800-544-3274. After your initial investment, you can automatically invest a little every month, and even choose a simple all-in-one investment option that's professionally managed by Fidelity. And keep in mind, if your financial goal changes, there is no surrender charge.5
Compare with other annuities Before investing, consider the investment objectives, risks, charges, and expenses of the annuity and its investment options. Call or write to Fidelity or visit Fidelity.com for a free prospectus containing this information. Read it carefully. Principal value and investment returns of a variable annuity will fluctuate and you may have a gain or loss when money is withdrawn. Diversification does not ensure a profit or protect against a loss in a declining market.
Fidelity Personal Retirement Annuity (Policy Form No. DVA-2005, et al.) is issued by Fidelity Investments Life Insurance Company and, for New York residents, Personal Retirement Annuity (Policy Form No. EDVA-2005, et al.) is issued by Empire Fidelity Investments Life Insurance Company®, New York, N.Y. Fidelity Brokerage Services, Member NYSE, SIPC, and Fidelity Insurance Agency, Inc. are the distributors. The contract's financial guarantees are solely the responsibility of the issuing insurance company.Fidelity reserves the right to limit contributions.According to Morningstar, Inc., Fidelity Personal Retirement Annuity's annual annuity charge of 0.35% is among the lowest 1% compared to the industry average of 1.39% for non-group open variable annuity contracts as of 12/31/07.Morningstar ratings are based on a fund's risk-adjusted returns. The top 10% of funds in each broad asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. Past performance is no guarantee of future results.Any gains are taxed at ordinary income tax rates when withdrawn. Taxable amounts withdrawn from an annuity prior to age 59½ may be subject to a 10% IRS penalty. In addition, some investment options impose a 1% short-term redemption fee on interests held less than 60 days.Transfers may trigger taxes on long- and short-term capital gains; you should consider the consequences of liquidity on assets in your Fidelity brokerage accounts. Periodic investing does not ensure a profit or protect against a loss in a declining market.Guaranteed lifetime income is subject to the claims-paying ability of the issuing insurance company.
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