Understanding fidelity ira account Fees: What You Need to Know

If you're considering opening a fidelity ira account, it's important to understand the fees associated with it. Fees can vary depending on the type of account you have and the investments you make.

One important fee to consider is the annual account fee, which ranges from $0 to $25 depending on the account type. You'll also want to take a look at the fees for buying and selling investments, which can range from $0 to $4.95 per trade.

If you invest in mutual funds or exchange-traded funds (ETFs), you'll want to consider the expense ratio fees associated with those investments. Fidelity offers a wide range of low-cost index funds and ETFs with expense ratios as low as 0.03%, but actively managed funds can have higher expense ratios.

It's important to note that Fidelity may also charge fees for account maintenance, transfers, and other services. Be sure to read the account agreement thoroughly and ask questions if you're unsure about any fees.

Overall, Fidelity is known for offering competitive fees and a wide range of investment options. With a fidelity ira account, you can take advantage of tax-deferred growth and potentially save for a comfortable retirement.

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