Fidelity Rollover Ira Bonus: Simplify Your Retirement Savings

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Fidelity offers a 10% match bonus on rollover IRAs, up to $500, for customers who contribute between $2,500 and $5,000 within 90 days of opening their account.

This bonus can be a game-changer for those looking to simplify their retirement savings. Many people have old 401(k) or 403(b) accounts from previous employers that they've been meaning to consolidate.

By rolling over these accounts into a Fidelity IRA, you can take advantage of the 10% match bonus and potentially earn more interest on your savings.

You can also take advantage of Fidelity's low fees and investment options to help grow your retirement nest egg.

Benefits and Bonuses

Fidelity offers a range of bonuses for IRA and nonretirement brokerage accounts, including cash value bonuses, commission-free trades, and travel rewards.

To qualify for the cash value bonus, you'll need to deposit a minimum of $50,000, and the bonus amount will depend on the deposit amount, ranging from $200 to $2,500. The return on investment for cash value bonuses is also tiered, with a maximum of 0.4% for deposits over $50,000.

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Here are the details of the cash value bonus:

You can also earn bonuses for travel rewards, including Apple gift cards, AAdvantage awards, Delta SkyMiles awards, and United MileagePlus awards. These bonuses are tiered based on the deposit amount, with a minimum of $25,000 required to qualify for the lowest tier.

Benefits of IRA Rollover

An IRA rollover can provide a tax-deferred way to save for retirement.

By moving your retirement funds from a previous employer's plan to an IRA, you can potentially reduce your taxes and increase your savings.

This can be especially beneficial for those who have multiple employer-sponsored plans, as it allows you to consolidate your funds into one account.

Consolidating your retirement funds can also make it easier to manage your investments and track your progress.

IRA rollovers are generally tax-free, but there may be penalties for early withdrawal.

It's essential to consider your individual circumstances and consult with a financial advisor before making any decisions.

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With an IRA rollover, you can choose from a wide range of investment options, including stocks, bonds, and mutual funds.

This flexibility can help you tailor your portfolio to your unique financial goals and risk tolerance.

By taking advantage of an IRA rollover, you can potentially increase your retirement savings and secure a more comfortable financial future.

Bonuses for IRA and Nonretirement Accounts

If you're looking to grow your IRA or nonretirement brokerage account, Fidelity is offering some enticing bonuses. You can earn a deposit bonus up to $2,500 by meeting certain conditions.

To qualify, you'll need to be a new or existing Fidelity customer, register at their website, and fund a new or existing Fidelity IRA or brokerage account within 60 days. Eligible accounts include nonretirement (individual or joint) or IRA (rollover IRA, traditional IRA, Roth IRA, SEP-IRA) brokerage accounts.

The funding must come from a non-Fidelity source, and you'll need to maintain the minimum qualifying account balance for at least 9 months from the date on which the bonus is received. If you don't meet this requirement, Fidelity may charge you the cost of the bonus.

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Here are the specific bonus details:

Additionally, Fidelity is offering bonuses in the form of Apple gift cards, AAdvantage award miles, Delta SkyMiles award miles, and United MileagePlus award miles. The specifics of these bonuses include:

  • Apple Gift Card: up to $500, depending on the deposit amount
  • AAdvantage award miles: up to 50,000 miles, depending on the deposit amount
  • Delta SkyMiles award miles: up to 50,000 miles, depending on the deposit amount
  • United MileagePlus award miles: up to 50,000 miles, depending on the deposit amount

These bonuses are only available for U.S. residents and are nontransferable. You can only receive one bonus per individual per rolling 12 months, and it may not be combined with other offers.

Fidelity Brokerage and Transfer

You can transfer your existing IRA or retirement account to Fidelity with a low-cost rollover process. Fidelity has no transfer fees for most accounts.

Fidelity offers a wide range of investment options, including stocks, bonds, mutual funds, and ETFs. This allows you to diversify your portfolio and potentially increase your returns.

Fidelity has a user-friendly online platform that makes it easy to manage your account and make trades. You can also access your account 24/7 through their mobile app or website.

Fidelity has a long history of providing excellent customer service, with a dedicated team available to answer your questions and help with any issues.

The Offer

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Fidelity Investments is offering a range of bonuses for new or existing customers who open and fund an IRA or nonretirement brokerage account, or add funds to an existing account.

These bonuses come in the form of cash, free trades, gift cards, or airline miles, and the majority of them have a tiered bonus structure, where deposits at the highest eligible tier yield the maximum potential bonus value.

To qualify for the maximum bonus, you'll need to make a significant investment, which is a big consideration, especially for a retirement vehicle like an IRA that requires long-term investment.

Fidelity is a well-regarded broker that won Kiplinger's 2014 pick for best online broker, known for its low commissions and fees, diverse investment options, tools, and professional guidance.

The AA offer is still valid, but be sure to act by 9/30/2015 to take advantage of it.

Investment Options

When you're ready to start investing, Fidelity offers a range of options to suit different goals and risk tolerances.

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Fidelity's brokerage accounts allow you to invest in a wide range of assets, including stocks, bonds, ETFs, and mutual funds. You can also use these accounts to trade options and futures.

With a Fidelity IRA, you can choose from a variety of investment options, including index funds, actively managed funds, and ETFs. This allows you to diversify your portfolio and potentially grow your retirement savings.

Fidelity's no-fee index funds are a great option for beginners, offering a low-cost way to invest in the market.

By contributing to a Fidelity IRA, you can take advantage of tax benefits and potentially earn interest on your investments.

Frequently Asked Questions

What is the Fidelity Bank bonus for 2024?

To earn the Fidelity Bank bonus in 2024, open a personal checking account by August 31 and make at least $1,000 in direct deposits within 60 days, plus use online or mobile banking.

Does Fidelity offer a new account bonus?

Yes, Fidelity offers a new account bonus, but it's limited to one per calendar year and cannot be combined with other offers. Eligibility requirements and excluded products vary, so speak to a Fidelity Banker for details.

Tommy Weber

Lead Assigning Editor

Tommy Weber is a seasoned Assigning Editor with a keen eye for detail and a passion for storytelling. With extensive experience in assigning articles across various categories, Tommy has honed his skills in identifying and selecting compelling topics that resonate with readers. Tommy's expertise lies in assigning articles related to personal finance, specifically in the areas of bank card credit and bank credit cards.

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