Fidelity rates and fees on ROTH IRA, Sep/Simple, 401K Rollover/Traditional IRA accounts. Fidelity Investments retirement account annual, maintenance, inactivity, and termination charges schedule.

Fidelity IRA Fees

IRA Fees at Fidelity

An IRA at Fidelity comes with no special fees. There is no setup charge, nor is there an annual fee. The broker does not assess any fees for inactivity, and there is no minimum balance requirement.

There is no minimum opening deposit required to open an IRA or taxable account. Fidelity full and partial account transfers are free.

There are several IRA types available at Fidelity. These include Roth, Traditional, Rollover, SEP, SIMPLE, Inherited, and Minor accounts. The broker also offers self-employed 401(k) plans. Opening any retirement account using the Fidelity website is quick and easy.

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Fidelity IRA Trading Fees

Fidelity's commission schedule applies to retirement accounts just as it does to non-retirement accounts. ETF and stock trades are at $0. Placing a trade using the broker's automated phone system tacks on an extra $5, while choosing a living, breathing agent instead costs $32.95.

A large selection of mutual funds is also available. More than 10,000 products are available for purchase. Over 3,500 of these come with no transaction fee. There is a $49.95 charge for funds that don't appear on the broker's NTF list. Fidelity's transaction fee is only applied on the buy side.

There's a good selection of Freedom Funds on the broker's website. These are target-date funds sponsored by Fidelity. They were created with retirement savers in mind. They carry neither load nor transaction fee, and they have expense ratios below 100 basis points.

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Fidelity IRA Fees Comparison

Fidelity's policy of no on-going fees for IRAs is pretty generous. Intearctive Brokers, by comparison, assesses a $30 annual fee for any retirement account.

A $0 closeout fee is hard to bead. All Invest traders pay $25, while Charles Schwab charges nothing. WellsTrade customers must pay a very steep $49.95 to transfer or close an IRA.

Fidelity's charge for mutual fund transactions is a little steep compared to some of its rivals. Firstrade clients, for instance, pay $0 mutual funds.

Despite Fidelity's mutual fund transaction fee, the broker does have a large selection of funds. Merrill Edge and Schwab have fewer products; while Charles Schwab is one of the few brokers to offer more funds.

Fidelity Overview

Fidelity is one of the largest brokerage companies in the U.S. and provides an astounding array of services and benefits to their clients. The broker offers advice in wealth management, investment guidance, college savings, charitable giving, and provides top-notch educational content for novice and professional investors alike. Fidelity goes above and beyond many other online brokerage services, as evidenced by offering over 10,000 mutual funds (Firstrade offers even more), life insurance, college savings plans and more.

Research and Education

Some discount brokers charge lower commissions but offer only basic investment research. Fidelity offers extensive free and paid research on stocks, bonds, funds, and other investments. Clients have access to free stock and ETF reports from Morningstar, Zacks, Thomson Reuters, S&P Capital IQ, and others. Investors will find a helpful research tool for more than 60,000 fixed-income offerings. Also available on the Fidelity web site is useful information on annuities and IPO’s.

The My Research feature is very handy. With it, you can use your watch lists to stay up to date on quotes and news. You can customize the screen to give you the types of information you want, and the Calendar feature gives you a heads-up on upcoming dividend payout dates and earnings announcements. You can also add specific content sources for timely news and insights.





One excellent feature is the StarMine Relative Accuracy Scores from Reuters that Fidelity displays on its listed research reports. The scores measure the source’s predictive ability over the previous 24 months, so investor can select the best sources at a glance. As of this writing, 13 reports were available with accuracy scores between 9 and 75 out of 100. The Research Center automatically displays a company profile, the latest news, industry comparisons, a sentiment score -- very bearish to very bullish -- derived from independent researchers, and a very handy Accounting & Governance Risk Score that rates how aggressively a company works its accounting procedures.

If customers want to educate themselves on investing, the Fidelity Learning Center is a great resource. This is especially valuable for beginners to a particular topic, such as annuities and retirement issues.

Portfolio Advisory Service

For customers that don’t want to risk their savings by making all of their own investment choices, Fidelity’s Portfolio Advisory Service can be quite helpful. Despite the initial $50,000 minimum investment, more investors should be making their way to this service. Investors utilizing this tool are assigned a personal account contact, and receive customized communications throughout the year. The investment team at Fidelity will be making the investment decisions based on individual client needs and preferences.

Summary

Fidelity will not steer investors wrong. Although mutual fund fees and minimums are a bit higher at Fidelity, the massive brokerage offers investors their money's worth in options, benefits, education, research, customer service and ease-of-use.

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