Fidelity 5498 Form

Fidelity 5498 Form: What You Should Know

If you have any questions about a Fidelity tax or investment account, contact Customer Service at today or (TDD). 2018 Form 5498 IRA Contribution Guidelines for IRA Investors, Fidelity Investments There are differences in the tax treatment of your IRA contributions depending on whether you make them in the year you retire, or do them later. For 2018, if you make your contributions to an IRA on or after December 31, 2024 (as opposed to January 1, 2018), the IRA contribution rules for 2024 will differ from those for 2017. The purpose of these changes is to ensure that you are fully protected for your future retirement. 2018 Tax Information Center Homepage — Fidelity Institutional You must have a valid Social Security Number to establish a retirement account with Fidelity. To use your Social Security number, log in to My Fidelity or call (TDD). 2018 Social Security Number Finder — Fidelity Investments 2016 Tax Information Center Homepage — Fidelity Institutional 2018 Social Security Number Finder — Fidelity Investments If you elect to be treated as a veteran under the Fiduciary Duty clause of the Internal Revenue Code, you do not have to file a W9 when making distributions from an IRA. You do have to file W-2 when you receive a distribution from a SEP IRA, 401(k) Plan, or governmental 457(b) plan. 2016 Tax Information Center Homepage — Fidelity Institutional In certain cases, you may lose other tax advantages, and you might find that a new financial arrangement is the best choice for your retirement needs. In these cases, contact a tax professional to help determine how to best minimize or eliminate your IRA contributions and/or distributions. 2018 Tax Information Center Homepage — Fidelity Institutional The first time you make a withdrawal from your Roth IRA or traditional (before you turn 65), the 5,500 in the first withdrawal is not taxable. The Roth IRA conversion rules are different in 2017 and 2018. You may also notice that there is a “waiver” provision under the IRS regulations for qualified withdrawals from a qualified SEP, SIMPLE IRA, or Vanguard 403(b) Plan. 2018 Tax Information Center Homepage — Fidelity Institutional 2017 Tax Information Center Homepage — Fidelity Institutional In 2017, the IRS published a notice of proposed rule changes for the Roth IRA.

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