Fidelity Investments is one of the nation's largest brokerages, with a long-standing history of providing financial services since 1946. The firm has built a reputation for offering a wide range of investment options to help individuals achieve their financial goals. In recent years, Fidelity has expanded its offerings to include a broad array of ETF strategies, including its recently introduced suite of Fundamental ETFs.
One area where Fidelity has seen significant growth is in health savings accounts (HSAs). The firm is now the second-largest provider of HSAs, with assets quadrupling to $24 billion since 2020. This increase in popularity can be attributed to the tax advantages and flexibility that HSAs offer individuals looking to save for healthcare expenses.
As more Americans in their 40s are getting closer to retirement age, many are realizing they don't have enough saved. Fidelity Viewpoints offers guidance on how individuals can get on track with their retirement savings, emphasizing the importance of starting early and taking advantage of employer-sponsored retirement plans like a Roth 401(k).
In partnership with the National Football Foundation (NFF), Fidelity Investments recently honored faculty athletics at Duke Athletics. This partnership highlights Fidelity's commitment to supporting education and athletic programs that benefit both students and faculty members.
According to Fidelity Investments, the number of Americans funding health savings accounts has increased by 19% year over year, as of January 31. This trend indicates a growing interest in saving for healthcare expenses and taking advantage of the benefit that HSAs offer.
Fidelity CD rates are known to be higher than what most institutions pay, making them an attractive option for individuals looking to earn more on their savings. However, it's important to note that Fidelity CDs are brokered CDs, meaning interest is not compounded, which may impact overall earnings over time.
Overall, Fidelity Investments continues to expand its financial services offerings to meet the diverse needs of Americans looking to save for the future. Whether it's through ETF strategies, health savings accounts, or retirement planning guidance, Fidelity remains a trusted partner for individuals seeking to achieve their financial goals.
