ADVISORY/ Fidelity's New IRA Accounts Up 38 Percent With Majority Opening Traditional IRAs.Business Editors ADVISORY... --(BUSINESS WIRE) Many investors eager to take advantage of potential market gains between now and April 17
What: According to Fidelity Investments(R), investors are rushing
to open Individual Retirement Accounts (IRA) before the April
17 tax filing deadline. Fidelity's average daily number of
new IRA accounts opened from January 1, 2000, through January
21, 2000, is up 38 percent when compared to the same time
last year. The average daily number of Traditional IRA
accounts opened is up 72 percent, while the number of new
Roth IRAs opened is up 15 percent.
Fidelity branches are also reporting that investors seem to
be bucking the long-standing tradition of waiting until the
last minute to make their IRA contributions. A flurry of
investors depositing up to $2,000 into IRA accounts usually
takes place the week leading up to the April tax filing
deadline. This year, more investors appear to be making their
contributions earlier than usual in an effort to maximize the
tax-deferred growth of their investments.
To help investors with IRA investment decisions, retirement
planning and tax preparation, Fidelity recently introduced
two new online resources -- Fidelity NetIRA(SM) at
fidelity.com/ira and Fidelity Online Tax Center at
fidelity.com/tax.
Who: Fidelity has local and national spokespersons available to
speak on IRAs. To arrange an interview, contact Vicki
Anderson Granado at 972-584-4261.
Editor's Note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : Watch for tax and IRA Ira, in the Bible Ira (ī`rə), in the Bible. 1 Chief officer of David. 2, 3 Two of David's guard. IRA, abbreviation IRA. season news and tips from Fidelity Tax Time Bulletins through April 17th. For more complete information on any fund available through Fidelity, including charges and expenses, please call or write for a free prospectus. Read the prospectus carefully before you invest or send money. Fidelity Distributors Corporation 82 Devonshire Devonshire, England: see Devon. Street, Boston Boston, town, England Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. , MA 02109. Fidelity Brokerage BROKERAGE, contracts. The trade or occupation of a broker; the commissions paid to a broker for his services. Services Inc., Member NYSE NYSE See: New York Stock Exchange , SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. 100 Summer Street, Boston, MA 02110 95183/4b |
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