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 Any gains are taxed as ordinary income when money is withdrawn.

FPRA now includes PIMCO VIT bond funds²:

Are you looking for more tax efficiency in your portfolio?

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Overview	Product Details
Watch a brief video about deferred annuities (Length: less than 2 minutes) Read the video transcriptThis page will open in a popup window How FPRA could work for youThis page will open in a popup window	How FPRA compares with an IRA Compare FPRA with an IRA Fidelity Personal Retirement Annuity is similar to a traditional IRA in that both allow any earnings to grow tax deferred. However, annuities have additional costs and expenses not found in IRAs. Considerations and costsThis page will open in a popup window Fact sheet (PDF)This page will open in a popup window FAQsThis page will open in a popup window
Tools	Investments
Compare taxable savings to tax-deferred savings Find out if a tax-deferred annuity makes sense	Investment solutionsThis page will open in a popup window Research fund options Determine your deferred variable annuity investment mix (PDF)This page will open in a popup window

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 contributions³, while deferring taxes.
One of the lowest-cost annuities in the industry: Our 0.35% annual annuity charge is lower than 99% of competitive firms⁴, 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 56 portfolios, including many with 4- and 5-star Morningstar ratings.⁵
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.⁶

Compare with other annuities

Before investing, consider the investment objectives, risks, charges, and expenses of the variable 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.

The evaluator tool is for educational purposes only. You should not rely on it as the primary basis for your investment, financial, or tax planning decisions. Please consult your tax or investment advisor, if applicable. The tool's primary objective is to help you identify a possible strategy for saving and investing that may help you to achieve your retirement goals. If you choose to consider an annuity, a suitability review will be required.

VIT refers to Variable Insurance Trust.

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.
Bond funds entail interest rate risk (as interest rates rise, bond prices usually fall), the risk of issuer default, issuer credit risk, and inflation risk. Lower-quality bonds can be more volatile and have greater risk of default than higher-quality bonds.
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 1.37% for non-group open variable annuity contracts as of 12/31/08.
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.

Fidelity Personal Retirement Annuity®

Overview

Product Details

Compare FPRA with an IRA

Tools

Investments

Key Benefits of FPRA

Additional Resources

Fidelity Personal Retirement Annuity^®