Fidelity Account Types

Fidelity offers a variety of account types to cater to different investment needs and goals. Here are some key account types available:

• Brokerage Account: This is a full-featured account allowing you to invest in a wide range of assets, including stocks, bonds, ETFs, and mutual funds. There are no account minimums or fees for online U.S. stock, ETF, and options trades.

• Retirement Accounts: Fidelity provides several retirement account options, including:

• Traditional IRA: Offers tax-deferred growth and potential tax savings today.
• Roth IRA: Allows for tax-free growth and tax-free withdrawals in retirement.
• SEP IRA: Designed for self-employed individuals and small business owners with high contribution limits.
• Solo 401(k): For self-employed individuals with no employees, allowing both employee and employer contributions.

• Health Savings Accounts (HSAs): Tax-advantaged accounts to save for qualified medical expenses.

• 529 College Savings Plans: Flexible, tax-advantaged plans to save for education expenses.

• Fidelity Youth Account: A brokerage account for teens aged 13-17, allowing them to learn about investing with parental oversight.

Fidelity Broker Account Opening Process

Opening a Fidelity brokerage account is a straightforward process that can be completed in a few simple steps:

• Visit the Fidelity Website: Go to the Fidelity homepage and navigate to the account opening section.

• Select Account Type: Choose the type of account you want to open (e.g., individual brokerage account).

• Fill in Personal Information: Provide necessary details such as your name, email address, Social Security number, and employment information.

• Set Account Preferences: Answer questions regarding your trading preferences and account settings.

• Review and Confirm: Review your information and the terms and conditions. Confirm your agreement and click "Open Account."

• Fund Your Account: Once your account is opened, link it to your bank account to fund it. There are no account minimums for starting, but some investments may have minimum amounts.

By following these steps, you can start investing with Fidelity and take advantage of their wide range of investment options and resources.