Fidelity Launches Industry-First Mutual Funds to Simplify Required Minimum Distribution (RMD) Proces

Fidelity Investments press release June 12, 2017 ------- The first full wave of baby boomers will reach the required minimum distribution (RMD) age of 70 ½ this year. By 2018, millions of Americans will begin taking an RMD from their tax-deferred retirement accounts, such as traditional individual retirement accounts (IRAs), each year. As a leading financial services provider and America's retirement leader, Fidelity Investments® today introduced the Fidelity Simplicity RMD Funds. Designed to help take the guesswork out of determining a suitable allocation for assets that are subject to RMDs, Fidelity's industry-first suite of mutual funds combines an age-appropriate and professionally-managed investment strategy with an optional automated calculation and distribution method to satisfy annual RMD requirements on the investor's behalf. To learn more click on the picture below to read the release.