To help keep your plan on track and make living in retirement that much easier, consider managing your money with automatic withdrawals or deposits and other cash management services. Fidelity can support you in a number of ways.
Accounts
- mySmart Cash Account® is a brokerage account for your everyday spending needs with all the benefits of traditional checking. With the ability to link the mySmart Cash Account to other investment accounts or a bank account using the mySmart Cash Manager® feature, you have full access to your cash when you need it.
- Consolidated accounts- make recordkeeping easier.
Services
- Wealth Management Services - portfolio management for accounts of $50,000+.
- Life insurance
- Automated deposits and withdrawals
- Estate management services
Investment Ideas
- Single-fund solutions - Mutual funds that "self-allocate" to save you work.
- 529 accounts and Charitable Giving accounts
Single Fund Solutions
A single-fund solution is an all-in-one mutual fund that offers the potential for reduced volatility and reduced downside risk through diversification. Fidelity offers two sets of single-fund solutions that may be of interest to retirement investors: Asset Manager Funds and Fidelity Freedom Funds.
Performance of the Freedom Funds depends on that of their underlying Fidelity funds. These funds are subject to the volatility of the financial markets in the U.S. and abroad and may be subject to the additional risks associated with investing in high yield, small cap, and foreign securities.
Asset Manager Funds - Fidelity's four Asset Manager Funds are designed to bring some of the benefits having your full portfolio managed by professionals. Investors should choose the Asset Manager fund that is right for them based on their personal risk tolerances, time horizons and investing goals.
Each fund has a defined range of stock, bond, and short-term holdings, yet features the flexibility to alter its mix of holdings based on Fidelity's outlook of economic and market dynamics. As market conditions change, the fund manager may make adjustments in the portfolio weightings within the specified ranges.
Fidelity Freedom Funds® - The Fidelity Freedom Funds make up an investment program designed to help you meet your retirement needs - whether you are 40 years away from retirement or expecting to retire within the year.
You select a Freedom Fund that is targeted to your expected retirement age. In turn, each Freedom Fund follows a predetermined schedule to gradually become more conservative over time. There is also a fund designed to provide current income for investors already retired.
Fidelity Freedom Funds are designed for investors expecting to retire around the year indicated in each fund's name.
Principal invested is not guaranteed at any time, including at or after the funds' target dates.
The investment risks of each Fidelity Freedom Fund changes over time as its asset allocation changes. They are subject to the volatility of the financial markets, including equity and fixed income investments in the U.S. and abroad and may be subject to risks associated with investing in high yield, small cap and foreign securities.
Except for the Freedom Income Fund, the funds' asset allocation strategy becomes increasingly conservative as it approaches the target rate and beyond, until it ultimately merges with the Freedom Income Fund.
Wealth Management Services
- Portfolio Advisory Services offers personalized investment recommendations and complete portfolio management for investors with $50,000 or more to invest. The service will assess your investment goals, recommend an asset allocation strategy, and provide ongoing management of a diversified portfolio of professionally selected mutual funds.3
- 529 Accounts - Grandparents or others who want to contribute to a child's college saving may want to investigate the possible gift and estate tax benefits offered by these plans.
- Charitable Giving - Learn how a Giving Account® at the Fidelity Charitable Gift FundSM can maximize your tax benefits and your charitable dollars so you can give more.
Insurance Needs
- Life Insurance - Life insurance may be an important strategic step in helping protect a portfolio, so that you can pursue other financial goals, such as eliminating debt or purchasing a vacation home.4
Services That Help You Manage Deposits and Withdrawals
- Request a single withdrawal from an individual or small business account and a check can be sent to you in 7 to 10 business days.
- Establish regular withdrawals from a Fidelity account - Create a schedule of automatic withdrawals from your Fidelity account to deposit money to another Fidelity account, move money to your bank account, or have a check sent to you automatically.
- Automatic investments - create a schedule of regular deposits from your bank account to your Fidelity accounts or annuities.
- Direct deposit your Social Security checks to your Fidelity account.
- Cards and Checking - Use the cash in your Fidelity AccountSM for the things you do everyday: manage credit cards, write checks, pay your bills and electronically transfer funds.
Consolidating Accounts
Consolidating accounts can make it easier to see the big picture and simpler to track transactions. If you consolidate retirement accounts taking your minimum required distributions may be easier with all the assets in one place.
- Rollover IRA - If you are considering moving eligible assets out of your employer-sponsored retirement plan, it may be easier to roll everything over into a single Rollover IRA. This helps you avoid current taxes and penalties, while keeping your eligible savings growing tax-deferred. Fidelity can help make consolidation paperwork easier when you roll over an IRA.
- Transferring Accounts - If you are considering moving other retirement accounts to Fidelity, you may be able to use a Transfer of Assets form(PDF) if the account you are transferring is a like registration, i.e. IRA to IRA. If you have any questions about transferring assets, please feel free to talk to a Retirement Specialist at
1-800-544-4774.
Managing Your Estate
- Establish Beneficiaries - Update the beneficiary designation on your accounts online.
- Visit Estate Planning Action Center - Protect more of your wealth with our suite of estate planning tools.
- Grant Account Access Rights - Allows someone other than you access to various levels of account information-helpful for attorneys, executors, or others to whom you have granted powers of attorney to help manage your accounts.
The mySmart Cash Account is a brokerage account designed to meet your cash management needs. It is not intended to serve as your main account for securities trading. Customers interested in securities trading should consider a Fidelity Account.® You can also link these two accounts for seamless management of your finances.
Fidelity Freedom Funds are managed by Strategic Advisers, Inc., a subsidiary of FMR LLC.
Portfolio Advisory Services is a service of Strategic Advisers, Inc., a registered investment adviser and a Fidelity Investments company. These services provide discretionary money management for a fee.
PDFs require Adobe® Reader®.
Before investing, consider the fund's investment objectives, risks, charges and expenses. Contact Fidelity for a prospectus containing this information. Read it carefully.
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Cash management and consolidation features to make managing your plan easier
