Retirement Income Overview
You've spent decades growing your retirement savings. Now that you're in retirement or approaching it, it's important to have a plan for generating and managing income. A sound plan will consider the tradeoffs across four key income priorities:

Growth: Potentially enables you to benefit from investment gains and to help keep pace with inflation. The tradeoff can be exposing your savings
to market fluctuations.

Guaranteed Income: Helps provide income to cover essential expenses. The tradeoffs may be less flexibility or potentially higher fees.

Flexibility: Gives you full access to and control of your money. The
tradeoff may be accepting variable or predictable income instead of guaranteed income.

Principal Preservation: Helps you meet your retirement expenses
without spending down your savings. The tradeoffs are it may be difficult
to live off interest earnings alone, and your assets may not keep pace
with inflation.

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*Retirement Income Planner is an educational tool developed and offered for use by Strategic Advisers, Inc., a registered investment adviser and Fidelity Investments company.

The tool's illustrations result from running a minimum of 250 hypothetical market simulations. The market return data used to generate the illustration is intended to provide you with a general idea of how asset mixes have performed historically. Our analysis assumes a level of diversity within each asset class consistent with a market index benchmark that may differ from the diversity of your own portfolio. Please note that the projections do not reflect the impact of any transaction costs or management and servicing fees (except variable annuities); if these had been included, the projected account balances would have been lower.

IMPORTANT: The projections or other information generated by Fidelity's Retirement Income Planner regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.