Let your retirement money work harder
See what Fidelity’s tax-deferred variable annuity can do for you.
Low cost
With fees among the industry’s lowest,3 more of your money has potential to grow.
Tax smart
Control when to withdraw money and pay taxes4, with no tax impact on any trades.
Investing opportunities
Pick from over 65 fund options―or let 1 Fidelity-managed fund do it all. Your choice.
We'll help you save for the next chapter
For a minimum investment of $10,000, we'll help you open your annuity and choose an investment approach that fits your goals, with flexibility to change your approach any time at no charge.
Have an existing annuity somewhere else? We make it easy to transfer your annuity to Fidelity tax-free.
Choose the investment approach that's right for you
Customize your investment approach based on how much you'd like to be involved and your financial goals.
Hands-on approach
Suited for: Those who want to manage their own investments through a choice of more than 65 funds, many rated 4 or 5 stars by Morningstar®.5
Explore this option
Explore this option
Hands-off approach
Suited for: Those who prefer a single fund that Fidelity professionally manages and provides automatic diversification.6
Explore this option
Explore this option
Take action on your annuity
View and research fund choices within Fidelity’s annuity for low-cost growth opportunities for your retirement.
Learn how a tax-free exchange to Fidelity’s low-cost annuity may help you accumulate more for retirement.
Log in to view and manage your Fidelity Personal Retirement Annuity®.
Already started a transfer? Check the status
Additional resources
Stretch provision feature (PDF)
Learn how non-spousal beneficiaries can take advantage of this unique distribution option.Tax-efficient investing (PDF)
See how you can create a plan to help you defer, manage, and reduce taxes.5 common annuity myths
Dispelling myths about annuities may reveal unique investment solutions.Contact us
When it’s time to invest, you have options
It’s all about your goals and whether you want to be hands-on or hands-off with day-to-day investing:
Hands-on approach
Suited for: Those who want to do their own research and manage their own investments through a choice of more than 65 funds, many rated 4- or 5-stars by Morningstar®.5
Your fund options in the hands-on approach cover all asset classes, from fixed income to specialized sectors, allowing you to build a target asset mix that helps you achieve your goals.
Trade and rebalance with no tax consequences
Remember: Investing in a tax-deferred account, such as the Fidelity Personal Retirement Annuity®, lets you to trade and rebalance without tax consequences, eliminating the need to track and report capital gains and losses.4
Invest in specific sectors, too
Within the hands-on approach, you can also pursue sector investing. Sector funds offer targeted exposure to the stocks of companies in specific segments of the economy, giving you an added way to pursue growth, diversify your portfolio, and manage risks. Due to their narrow focus, sector funds can be more volatile than diversified equity funds. Explore your sector investing opportunities:
Hands-off approach
Suited for: Those who prefer a single fund that Fidelity professionally manages and provides automatic diversification6
Pick your professionally managed fund in 1 of 2 simple ways: By the date you intend to retire (target date) or by your risk tolerance:
1. Invest by target date
- Choose the fund with a year that corresponds with your intended retirement date.
- The fund’s investments gradually become more conservative as you get closer to retirement.8
- If you’re already retired, we offer a fund with a more conservative investment mix.
What they invest in
Each fund contains a diversified mix of Fidelity Variable Insurance Products (VIP): short-term, fixed income, domestic equity, and international equity funds. The farther from the fund's target year, the higher the equity allocation, decreasing over time.
Compare fund choices by target date
2. Invest by risk tolerance
- Choose a fund based on your personal risk tolerance level, from conservative to aggressive.8
- Each fund’s investments align with a specific target asset allocation you choose.
What they invest in
VIP FundsManager® Portfolios use a "fund-of-funds" approach, investing across a mix of Fidelity domestic equity, international equity, fixed income, and money market funds.9 VIP Asset Manager Portfolios and VIP Balanced Portfolio invest in individual stocks, bonds, and short-term/money market instruments.10
Compare fund choices by risk tolerance
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A tax-smart approach to investing
Annuities like the Fidelity Personal Retirement Annuity® allow you to defer paying taxes on investment earnings until the money is withdrawn, giving your savings the opportunity to compound, realizing earnings on top of prior earnings.4
Become more tax efficient
- Grow now, pay taxes later: Pay zero taxes on any annuity earnings until you decide to take a withdrawal or receive an income payment.
- Change investments with no tax impact: Trade, rebalance, or change your investment strategy without triggering a taxable event.
- Automate re-investments: Automatically reinvest fund distributions into your selected portfolio.
- Enjoy long-term flexibility: Defer taxable investment income during years you’re still working and saving.
- Manage your tax bracket: Control your income in retirement to help potentially lower your tax bracket, helping you keep more of what you earn.
Extend your tax-deferred potential
- Enjoy tax benefits into your 90s: Taxes on assets within your FPRA annuity can be deferred until the oldest owner is age 95 (or age 90 in the state of New York).
- No RMDs: Fidelity Personal Retirement Annuity does not have an RMD requirement. So, you can take advantage of the power of tax-deferred compounding over a longer period of time.
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Moving an annuity tax-free to Fidelity could save you fees
Want to accumulate more for retirement? With the help of a Fidelity professional, you can switch to FPRA for a powerful combination of possibly lower fees and professional management. Plus, transferring your annuity to Fidelity (also known as a 1035 exchange) is tax free.17 Learn more
Flexible ways to add funds to your annuity
- Deposit savings or salary: Use after-tax money from current savings, bonus, inheritance, and more to build savings.
- Automate it: Set up recurring deposits with the Fidelity Automatic Annuity Builder.
- Plus, no limits: The IRS will let you put as much as you want into your tax-deferred variable annuity.1
Withdrawal and beneficiary options19
- Withdraw your way: Choose how you want to receive your withdrawals. You can systematically withdraw for periodic payments or you can turn your savings into guaranteed lifetime income.20
- Keep it in the family: Upon your death, if you’ve named your spouse as the beneficiary, they can continue the FPRA contract as their own. Or, if you’ve named others as beneficiaries (including family members), they can take advantage of tax deferral with the stretch provision, allowing them to stretch payments (PDF) from the inherited annuity over their life expectancy).21
- Make tax-free transfers to charity.
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