Last Updated on July 26, 2023 by Ben
Fidelity Investments 401k
Are you looking for a Fidelity Investments 401k? If so, you have come to the right place. At Fidelity, they are committed to helping our clients save for retirement. They offer a variety of investment options and services that can help you reach your retirement goals. In this blog, we will discuss some of the features and benefits of our 401k plan. They hope that these details will help you decide if a Fidelity Investments 401k is right for you!
About Fidelity Investments
The Fidelity Fund was founded in 1930, a year after the stock market crash of 1929. It continued to operate until 1943, when it was acquired by Boston-based lawyer Edward C. Johnson II. The fund has continued to grow and is now one of the largest investment companies in the world. In 1946, Johnson II founded the Fidelity Management and Research Company, now Fidelity Investments. At that time, the company reported assets under management valued at $3 million. Johnson’s objective when running the fund was to buy stocks with the potential for growth rather than sticking to blue-chip stocks.
Fidelity Investments doesn’t charge you any money to trade stocks, ETFs, options, and some mutual funds. They also offer CDs, bonds, and fractional shares (called Stocks by the Slice℠), but they don’t offer forex or futures trading. If you want to save money for your child’s college education, you can do so through a Fidelity 529 college savings plan.
If you are not as active a trader, you can use the Robo-advisor option at Fidelity. This will assist you in staying on track to reach your savings goals. You will receive monthly progress updates by email that show how your account is doing. Fidelity Go accounts invest in mutual funds that do not charge management fees or, with limited exceptions, fund expenses.
If you need specific financial advice, you can use a hybrid Robo-advisor service from Fidelity. This service combines automated investment management with unlimited one-on-one instructing calls from a team of Fidelity advisors.
Fidelity Go and the mixture product both charge an advisory fee. For more information, see the ‘Fees’ section.
Fidelity can help you save for retirement with different account options, including a traditional IRA, Roth IRA, and Rollover IRA. Another option is the Fidelity HSA®, which is a health savings account that lets you save money for qualified medical expenses in a tax-advantaged way.
Index funds are one of the easiest and cheapest ways to invest. Fidelity makes it easy for you to acquire these assets. The broker provides the following index funds that do not have any fees: The Fidelity ZERO℠ International Index Fund, the Fidelity ZERO Total Market Index Fund, Fidelity ZERO℠ Extended Market Index Fund, and the Fidelity ZERO Large Cap Index Fund are all funds that track indexes. Fidelity also offers many low-cost investment options, as well as thousands of mutual funds with no transaction fees.
Fidelity has research from third-party providers like Thomson Reuters, Ned Davis Research, and Recognia. It also has tools and calculators to help you with your investments.
The Fidelity Retirement Score gives you a 60-second snapshot of how you’re doing in your retirement planning. You just need to answer six simple questions to get started.
Trade Armor: This tool will help you manage your entry and exit trading strategies using ten pieces of information.
Fidelity Estate Planner: You can find an online service that will help you through the estate planning process. This includes finding an attorney.
Fidelity Five Money Musts: Learn how to manage your money in the real world by playing this online game.
Fidelity’s customer service is accessible 24/7 via email, phone, or live chat. You can even meet with a spokesperson at any of Fidelity’s in-person locations at over 100 brick-and-mortar branches across the U.S.
You can manage your Fidelity investments from anywhere using a computer or phone. The Fidelity Investments app is obtainable to download for free on both the App Store (for iOS) and on Google Play (for Android). It has 4.8/5 stars on the App Store and 4.4/5 stars on Google Play.
The minimum deposit and balance requirements vary depending on the Fidelity account you select.
In order for Fidelity to start investing your money, your account balance must be at least $10. The Robo-advisor is free if your balance is under $10,000. If your balance is between $10,000 and $49,999, then it costs $3 per month. If your balance is over $50,000, then it costs 0.35%
You need a $25,000 minimum balance to start using the Fidelity hybrid robo service. This service charges a 0.50% annual advisory fee, which comes out to $10.42 per month for a $25,000 balance.
You can trade stocks, ETFs, options, and some mutual funds without paying any transaction fees. However, you should consider that some of Fidelity’s mutual funds may require reaching certain funding thresholds. There is a fee of $0.65 for each options contract you trade. You may have to pay other fees, and there might be a minimum amount you need to trade.
The Best Fidelity Funds for 401(k) Retirement Savers
Balanced funds are usually considered moderate all-in-one funds. But Fidelity Balanced is a little different. It usually holds an above-average stake in stocks compared with the other balanced funds.
Fidelity Blue Chip Growth
Fidelity Blue Chip Growth is a good investment. It is one of the best-performing Fidelity funds, and it is also on Kiplinger’s list of favorite actively managed no-load funds. Manager Sonu Kalra has been running FBGRX for over ten years. During this time, the fund has achieved an annualized return of 21.8%, which is better than 96% of all large-company growth funds and the S&P 500.
Since 1990, Will Danoff has been in charge of Fidelity Contrafund. Contrafund has outperformed the S&P 500 by a large margin. If you had invested $10,000 in Contrafund on the day Danoff took over, it would be worth over $620,000 today. Investing in a low-cost S&P 500 index fund would be worth $262,253, nearly 60% less.
Fidelity Diversified International
U.S. stocks have done preferably than foreign stocks in recent years, so it can be hard to get excited about investing in foreign companies.
Fidelity Diversified International is a good choice for foreign-stock funds. This fund invests in large companies with durable or improving growth prospects. The Fidelity fund has outperformed the foreign stocks in developed countries tracked by the MSCI EAFE index over 8 of the past 11 years.
Fidelity Growth Company
Fidelity Growth Company is a good investment for people who want their money to grow quickly. The company has outperformed the S&P 500 by more than 6%. This fund has been doing well for over ten years.
Fidelity Low-Priced Stock
Joel Tillinghast was an analyst who covered tobacco and personal-care-product firms when he came up with the idea to start a new fund. The fund would focus on finding good values in high-quality small companies and in out-of-favor larger firms.
Manager Daniel Kelley took over Fidelity Puritan in mid-2018. He seems to be finding his way. That’s why we’re imp[roving this fund from Hold to Buy. The fund has returned 14.5% annualized since he assumed his position, which is more than the fund’s benchmark. The 60/40 blend of the S&P 500 index and Bloomberg U.S. Aggregate Bond index has a 10.0% annualized return, so the fund did better.
Fidelity Freedom Index 2030
This is the first time that a Fidelity Freedom Index target-date fund has been one of the 100 most broadly held 401(k) funds.
Fidelity Freedom Target-Date Series
Fidelity’s Freedom series of funds are some of the most popular options in 401(k) plans. These funds have target dates in the range of 2020 to 2050, and they offer a solid mix of stability and growth potential. These funds perform well, ranking in the top 25% of their respective peer groups in most calendar years.
How to Make a Withdrawal From Your Fidelity 401k?
Making a withdrawal from your 401k is easy. You just need to contact Fidelity and let them know what you want. The easiest way to do this is online, but you can also call them at 800-343-3543 if you have any inquiries about the process.
You can download the withdrawal request form from their website. Then, mail it to the address recorded on the form. Fidelity will send you a check within 5-7 business days after receiving your request. If you want to get a check from us, there is no fee. But if you sell any of your holdings, you might have to pay commissions or mutual fund fees.
Recommended IRA Companies
Augusta Precious Metals
If you’re anxious about the stock market crashing, Augusta Precious Metals can help you invest in gold and silver. These metals are a safe investment, and they may be a good choice for you if the stock market does crash.
Augusta Precious Metals makes it easy for people to buy silver and gold. They also help retirement savers learn about the economy so they can make sound financial decisions. One of the good things about this company is that they offer education and support. They want their customers to be able to use their accounts and get the most out of their services. This company provides a lot of helpful resources, like tutorials and FAQs, to help you learn how to make the most of their product. When you buy silver and gold from the company, you will be happy to know that it has measures in place to make your transactions quick, easy, and clear. This means that you will be able to complete your purchase without any problems.
The company’s trademarked process will help you feel confident about your purchase. You won’t have to worry about any surprises. Plus, you can access the company’s team of experts who will help you every step of the way. The experts will guide you through the process and answer any questions that you have.
American Hartford Gold
American Harford Gold is a company that helps investors with Gold IRA accounts and the purchase of precious metals. It was founded in 2015.
American Harford Gold has excellent customer reviews on Trustpilot, TrustLink, and Google. They also rank highly with the Better Business Bureau and Business Consumer Alliance. This shows that they are a reliable company that you can trust.
The business’ main source of income is the sale of gold and silver coins, bars, and bullion. It’s simple to establish an IRA account with American Hartford Gold. Their industry professionals guide you through a fast three-step process that takes less than 10 minutes. They also keep their Buyback Commitment, which has no costs or penalties.
If you want to protect your investments from stock market conditions and government spending, you should think about investing in precious metals. Gold is a good option, but other metals like silver or platinum can also be a good choice. Precious metals tend to hold their worth better than other types of investments during tough times. Precious metals are a type of investment that hold their worth better than other types of investments when the economy is tough. You might want to consider opening a gold ira account, which will allow you to invest in gold more easily.
Precious metal IRAs are different than other types of IRAs because the value of the metals is not connected to the dollar. If the stock market crashes, the price of precious metals usually goes up.
Goldco is a company that specializes in investing in precious metals. If you want to invest in metals to make your portfolio stronger, Goldco is a great option.
Goldco Precious Metals, also called Goldco, is a company that has been around for more than ten years. It was founded by Trevor Gerszt in 2006. Goldco is based out of Woodland Hills, California. The company provides self-directed IRAs that you can use to invest in silver, gold, or both. This is different from traditional investments in bonds or stocks because you have more control over your investment.
Goldco offers its clients retirement products that are backed by physical metals instead of paper assets. This can help investors avoid financial crashes like the one in 2008. Goldco provides a number of reasons why investors should consider investing in physical gold. For example, physical gold can help maintain wealth during tough times.
Final Thoughts – Fidelity Investments 401k
Fidelity is a well-rounded brokerage firm that may be suitable for beginners and experts of all levels. Buy-and-hold investors will most likely find all of the tools they need on the web platform.
Overall, Fidelity shines in terms of low costs, strong screeners, good trade executions, and a wide range of educational services.