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Fidelity IRA Investment Options: What You Need to Know

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Explore Fidelity's low-cost mutual fund options for IRA investments.

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Investing in an Individual Retirement Account (IRA) is a smart way to save for retirement. With so many investment options available, it can be overwhelming to choose the right one. Fidelity Investments is one of the largest mutual fund companies and offers a wide range of investment options for IRA accounts. In this article, we will explore Fidelity's IRA investment options and help you make an informed decision.

Fidelity offers $0 stock trades, 3300-plus no-transaction-fee mutual funds, and top-notch research and trading tools. This makes it a popular choice among investors. Investing in mutual funds has been a popular choice among investors for decades and Fidelity is known for its low-cost mutual funds. Long-term investors might prefer these low-cost Fidelity mutual funds as core portfolio holdings.

When it comes to IRA investments, Fidelity offers a variety of options. Traditional IRAs, Roth IRAs, and SEP-IRAs are all available. Traditional IRAs offer tax-deferred growth, while Roth IRAs offer tax-free growth. SEP-IRAs are designed for self-employed individuals and small business owners.

Fidelity's mutual fund options for IRA investments include index funds, actively managed funds, and target-date funds. Index funds are designed to track a specific market index, such as the S&P 500. Actively managed funds are managed by a professional portfolio manager who makes investment decisions on behalf of the fund. Target-date funds are a combination of index and actively managed funds and are designed for investors who want a set asset allocation based on their retirement date.

Here's what investment experts think about the best-performing Fidelity funds of the last decade. The Fidelity Contrafund (FCNTX) has been one of the best-performing mutual funds of the last decade. It has a long-term track record of outperforming its benchmark and is managed by a seasoned portfolio manager. Another top-performing fund is the Fidelity Growth Company Fund (FDGRX), which is focused on investing in companies with high growth potential.

Money's best Roth IRAs of 2023 ranked Fidelity as the Best Overall IRA. Merrill Edge was ranked as the Best Bonus Offer IRA, and E*TRADE was ranked as the Best for Low Trading Fees IRA. Fidelity's low-cost mutual funds and top-notch research and trading tools make it a great choice for IRA investors.

When choosing an IRA investment, it's important to consider the fees associated with the fund. Fidelity's mutual funds have some of the lowest fees in the industry, making them an attractive option for investors. We compared minimum deposit requirements, account fees, investment options, customer service avenues, and more to help you make an informed decision.

Fidelity Investments and Vanguard are two solid choices for online brokers. Here are the key differences between the two and how to decide which one is right for you. Vanguard is known for its low-cost index funds, while Fidelity offers a wider range of investment options. If you prefer index funds, Vanguard may be the better choice. If you want more investment options, Fidelity may be the better choice.

If you're new to investing and have a small amount of money to invest, Fidelity's mutual funds may be a good option. You have $1,000 saved and you're trying to figure out what to do with it. It would be a significant amount of money to splurge and spend all at once, but investing it could help it grow over time. Fidelity's low-cost mutual funds are a great option for new investors.

Before you open an IRA, it's smart to shop around for the best broker for your investing style. The brokerage you choose will ultimately determine the investment options available to you. Fidelity's low-cost mutual funds, top-notch research and trading tools, and wide range of IRA investment options make it a great choice for IRA investors.

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