Fact Sheet

As the first wave of 76 million Baby Boomers prepares to retire¹, they face a retirement that is riskier and much more complicated than what their parents faced. When a regular paycheck goes away, so does the convenience of automatic deductions for taxes, insurance, savings and other systematic payments previously handled by employers. Retirees will find themselves responsible for keeping track of myriad critical financial details - just as they're embarking on a phase of life that's supposed to be more enjoyable and relaxing. These millions of Americans will have to solve a very real and complex problem - how to make the transition from saving for retirement to actually living off those savings while managing their assets for continued growth.

To help these millions of Americans address this problem, Fidelity Investments offers Fidelity Retirement Income Advantage^SM, a comprehensive service that helps active and retired employees with the complex task of planning for, monitoring and managing their complete financial situation during retirement. The program provides guidance and financial management tools for individuals to use independently or with assistance from a Fidelity representative throughout the entire income planning process which includes: planning for income during retirement, implementing that plan, and the ongoing monitoring and management of that plan.

Designed for individuals nearing retirement or currently living in retirement, Fidelity Retirement Income Advantage consists of several integrated elements offered in-person or via the phone with one of Fidelity's highly trained Income Planning Consultants, or online:

Education and Planning - Fidelity has developed a variety of educational seminars and materials that highlight the need for income planning, outline five key risks retirees should address, and provide a holistic approach to developing a realistic income plan.

•		Seminars - Educational seminars provide pre-retiree and retired employees with the knowledge they need to manage their money appropriately in retirement to achieve the lifestyle they desire. Fidelity professionals help individuals learn: • The importance of a solid income plan • How to help protect a portfolio from financial risks, such as inflation and health care costs • Tips for aligning income resources and expenses • Ways to customize an investing strategy
•		Materials - Extensive planning and educational materials such as a report on the need for income planning, an income planning workbook, a magazine with the latest topical news and more, help pre-retiree and retired employees stay informed and focused on developing and managing their income plan.

Tools and Resources - The Retirement Income Planner Tool helps active or retired employees determine how to create an income stream for life and develop a comprehensive financial action plan to help achieve that goal. The tool considers assets in both Fidelity and non-Fidelity accounts, as well as other income sources such as Social Security or pensions, and guides individuals through five key retirement risks - outliving assets, erosion of purchasing power, assuming too much/too little investment risk, spending assets too quickly and the rising costs of health care. The real-time analysis provided by the tool can be used to help predict how long assets may last, tips for closing potential income/expense gaps, and an action plan for immediate steps.

Investing - Active or retired employees choose a target asset mix, appropriate for their age and risk tolerance. They then select from an extensive array of investment vehicles including: mutual funds, equities, fixed income investments, annuities, money market funds and certificates of deposit. Individuals also can access Rollover IRAs, cash management features, managed portfolios and insurance offerings that may fit various lifetime income strategies.

Income Management - As part of the comprehensive Retirement Income Advantage service, the Income Management Account, a financial management tool, allows retired employees to aggregate, monitor and manage all their assets, income and expenses during retirement. The Income Management Account monitors a retired employee's financial action plan developed using the Retirement Income Planner tool, as well as selected investment and product strategies for portfolio growth. It presents a holistic view of income sources, investment performance and spending levels. Retired employees can use the account to generate a paycheck for themselves in retirement, provide dates for minimum required distributions, and request phone or email alerts drawing attention to incoming Social Security or pension checks, or warnings if spending cash needs replenishing or investment strategies drift off track.

For more information, employees can visit the NetBenefits Planning Center, Fidelity.com or call 1-800-Fidelity to speak to a representative about the service. Employers who would like to learn more about this valuable employee benefit should contact their Fidelity representative or visit Plan Sponsor Webstation (PSW).

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Fidelity Retirement Income Advantage^SM and the Income Management Account are services of Fidelity Brokerage Services, LLC, member NYSE, SIPC, 100 Summer Street, Boston, MA 02110

Institutional retirement products and services are offered by Fidelity Investments Institutional Services Company, Inc., 82 Devonshire Street, Boston, MA 02109

¹ According to a Fidelity estimate based upon U.S. Census of adult Americans, the oldest of the 76 million Baby Boomers under the age of 65 will reach that traditional retirement age over the next 10 years.