Self Directed Fidelity Retirement Plans and Educational Savings Accounts

A global leader in financial services, Fidelity Investments headquartered in Boston, MA, manages several hundreds of Fidelity funds.

Fidelity also provides access to several thousands of mutual funds managed by other fund companies through Fidelity FundsNetwork. Fidelity customers can trade some of BlackRock’s iShares ETFs commission free through Fidelity Brokerage Services LLC.

Whether you are a self directed investor or using the services of an investment advisor, AlphaProfit Newsletter is for you. AlphaProfit Newsletter helps you add significant value to your account with little risk, time, or effort.

You can use AlphaProfit’s recommendations to manage your assets in:

  • Employer sponsored retirement plans like Fidelity 401k Plan, Fidelity 403b Plan, or Fidelity 457 Plan
  • Retirement plans for employees and owners of small businesses like SIMPLE IRA Plan, SEP IRA Plan, Self Employed 401k Plan, or Keogh Plan
  • Fidelity IRAs like Traditional IRA, Rollover IRA, or Roth IRA
  • Custodial accounts or educational savings accounts like UTMA accounts or UGMA accounts

To maximize your return and minimize risk, we recommend the best investments by researching hundreds of Fidelity mutual funds and thousands of non-Fidelity mutual funds offered in Fidelity Funds Network. AlphaProfit provides mutual fund, ETF, and sector model portfolios.

We emphasize no-load, no-transaction-fee (NTF) funds to minimize your fees and expenses.

Our low-maintenance investing approach minimizes the time you spend trading. It also eliminates brokerage commission costs and short-term redemption fees.

AlphaProfit model portfolios are tracked by and have been top ranked by Hulbert Financial several times.

In short, AlphaProfit’s investment selection process enables you to achieve market-beating returns with little time and effort.

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Here is a quick overview of the different accounts and plans offered by Fidelity Investments to help you achieve your investment objectives.

Saving for Retirement

Fidelity Investments offers self-directed investors several types of individual retirement accounts and plans that qualify for tax benefits under the Internal Revenue code.

A. Employer Sponsored Retirement Plans

Employees of large corporations, educational institutions, and government organizations can invest in the following types of retirement accounts:

Fidelity 401k Retirement Plan

Fidelity 401k plan is a defined contribution retirement plan for corporate employees with maximum contribution limits, automatic payroll deduction, and selected investment options.

Fidelity 403b Retirement Plan

Fidelity 403b plan is a defined contribution retirement plan for employees of educational institutions and non-profit organizations with maximum contribution limits, automatic payroll deduction, and selected investment options.

Fidelity 457 Retirement Plan

Self-directed Fidelity investors add value by using the AlphaProfit newsletter to manage assets in their 401k, Roth IRA, Rollover IRA, and Traditional IRA accounts.

Fidelity 457 plan is a defined contribution retirement plan for employees of state and local governments and tax-exempt organizations with features similar to 401k and 403b plans.

B. Retirement Plans for Employees and Owners of Small Businesses

Self-employed persons and employees of small business firms can invest in the following types of retirement accounts:

Savings Incentive Match Plan for Employees or SIMPLE IRA Plan

SIMPLE IRA is a low cost retirement plan for employees in a small business with less than 100 employees offering a full range of investment choices and potentially higher limits of contribution than a SEP IRA.

Simplified Employee Pension Plan or SEP IRA Plan

SEP IRA is a retirement plan for a self-employed person or small business owner with employees, offering a wide range of investment choices and flexible funding requirements.

Self Employed 401k Plan

Self-employed 401k plan is a retirement plan for self-employed individual or business owner with spouse as employee, offering a full range of investment choices and higher contribution limits.

Keogh Plan

Keogh Plan is a more complicated retirement plan for a sole proprietor or partnership with a small number of employees, offering high tax deductible contribution limits and a full range of investment options.

C. Other Types of Individual Retirement Accounts (IRAs)

Self-directed individuals can use individual retirement accounts or rollover assets accumulated in qualified retirement accounts to grow assets tax-deferred.

Fidelity Rollover IRA Account

Fidelity Rollover IRA offers individuals who change jobs or retire tax-deferred growth and more investment options than in employer sponsored retirement plans.

Fidelity IRA or Traditional IRA Account

Fidelity IRA or Traditional IRA is an individual retirement account held by individuals with Fidelity Investments as custodian. The account carries specific annual contribution limits and provides full range of investment options.

Fidelity Roth IRA Account

Fidelity Roth IRA is an individual retirement account funded with after-tax monies offering tax-free withdrawal in retirement.

Saving for College Education

A. 529 Education Plan

Fidelity UTMA & UGMA accounts for college education
The AlphaProfit Newsletter helps to effectively manage assets in Fidelity UTMA & UGMA accounts for the beneficiary’s college education.

529 Education Plan is a tax-advantaged, professionally managed account with a limited range of investment options for a donor allowing beneficiary tax-free withdrawal for college education.

B. Custodial Accounts for Minors

Uniform Transfer to Minors Act or UTMA Account

Uniform Transfer to Minors Act or UTMA Account is a custodial account for the benefit of a minor maturing at 21 years or higher and offering high contribution limit, exclusion from gift tax and a full range of investment options for the custodian.

Uniform Gifts to Minors Act or UGMA Account

Uniform Gifts to Minors Act or UGMA Account is a custodial account for the benefit of a minor maturing at 18 years and offering high contribution limit, exclusion from gift tax, and a full range of investment options for the custodian.

Saving to Build Wealth

Individual as well as joint accounts are available to build wealth through equity investments

 

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