Company Urges Americans to Mark Labor Day
as Annual Time to Check on Retirement Readiness

BOSTON, August 24, 2005 -- With one-third of working adults delaying their retirement plans for financial reasons¹, Fidelity Investments is calling on Americans to "work for themselves" this Labor Day to assess where they are in the retirement planning process and take action to ensure they are on track to meet their retirement goals.

Fidelity's national survey of workers ages 25 and older found that individuals had different reasons for pushing back their retirement timetable, with 55 percent citing they had not saved enough, 35 percent saying they had started saving too late and 34 percent noting they are continuing to work to maintain their employer-paid health coverage.

The results also revealed that reasons for delaying retirement varied across both marital status and gender, since those delaying retirement were more often single than married and more likely to be male than female. Age was also a factor, with younger adults (25-40) more likely to cite the need to pay for a child's college education as hindering their plans to retire, while pre-retirees (ages 55+) were more inclined to report their delay to poor investment choices and market fluctuations.

"Our study findings reflect what we are seeing in our own client interactions every day: too many people are delaying their retirement dreams for lack of planning and adequate savings," said Jeffrey R. Carney, president, Fidelity Personal Investments. "We want Americans to break through the inertia and increase their chances of a more timely retirement by actively monitoring their progress toward their retirement goals each year. As people take a break from their jobs this Labor Day, we encourage them to spend 30 minutes thinking about and planning for the days when they can enjoy the rewards of their hard work."

How to Get Started
On a day-to-day basis, individuals may find it difficult to identify the things they need to do to help ensure a more financially secure retirement. They can begin the process by simply answering a few key questions:

•		Do I know how much I need for retirement and the amount I've saved to date?
•		Have I developed a written retirement plan and am I saving enough to meet my goals?
•		Am I participating in the tax-advantaged savings opportunities available to me?
•		Are my retirement assets invested appropriately for my goals, age and risk tolerance?
•		Am I managing spending and debt appropriately and have I established an emergency fund?

Once individuals have answered these key questions that establish where they are on the road to retirement readiness, the next step is to develop an action plan that will advance them toward their goals. To help individuals perform this task, Fidelity offers a suite of resources and tools for every stage of retirement planning, from the consumer guide that can help them create a retirement plan and keep it on track throughout the year with a calendar of action items, to the 30-minute Retirement Quick Check tool that gauges the probability they will meet their goals. For investors who work with an investment professional, Fidelity also offers a comprehensive suite of resources designed to help advisors meet the retirement planning needs of their clients.

Determining an Action Plan Whether individuals invest independently or through the workplace, the following resources can help them take the next step toward retirement readiness:

•		Education -- Fidelity offers a consumer guide on retirement planning titled "Mapping the Road to Retirement" that helps investors create a plan, determine their savings rate, allocate and invest their assets appropriately and manage their portfolios to keep their strategy on track. A similar version is available to advisors to provide them valuable investment insights that can help them successfully address this topic with their clients.
•		User-Friendly Tools -- Fidelity offers a number of tools free of charge to retail and workplace customers, and in some cases, the general public, including: • Retirement Quick Check -- In about 30 minutes, investors can determine the likelihood they will achieve their future retirement goals and gauge how specific adjustments to savings, expenses, asset allocation or retirement date might improve their "results." • Portfolio Review -- This tool helps investors, especially those juggling multiple savings priorities, evaluate their current retirement investments and determine how well their assets are diversified. It can assist them in defining savings goals, choosing a target asset mix and developing investment strategies that consider personal risk tolerance. Tool illustrations result from running a minimum of 250 hypothetical market simulations. The market return data used to generate the illustration is intended to provide the user with a general idea of how asset mixes have performed historically. Our analysis assumes a level of diversity within each asset class consistent with a market index benchmark that may differ from the diversity of the user's own portfolio. IMPORTANT: The projections or other information generated by Fidelity's Retirement Quick Check regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.
•		Guidance & Assistance -- For more information or assistance in building and managing a retirement plan, investors can call 1-800 FIDELITY, visit one of Fidelity's 104 Investor Center locations nationwide, logon to Fidelity's Retirement Resource Center at www.fidelity.com/retire, call their financial advisor or visit NetBenefits.fidelity.com, if they are workplace plan participants. Advisors can get more information about Fidelity's retirement planning resources at http://advisor.fidelity.com.

For investors who are in or near retirement, Fidelity also offers its Retirement Income Advantage program, launched last year to help individuals plan for, and manage the complex transition from saving for retirement to living off those savings. The program integrates planning and education resources, investing guidance tools and income management services to help investors manage key risks to their retirement income security. In addition, through its Fidelity Advisor Retirement Income Services program, Fidelity provides financial advisors with education, planning and investment solutions to help them meet the growing client demand for retirement income planning. Fidelity also makes retirement income planning resources available to its correspondent broker-dealer and registered investment advisor clients.

About Fidelity
Fidelity Investments is one of the world!?s largest providers of financial services, with custodied assets of $2.2 trillion, including managed assets of $1.1 trillion as of June 30, 2005. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to approximately 20 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, one of the largest mutual fund supermarkets and a leading online brokerage firm. For more information about Fidelity Investments, visit www.Fidelity.com.

Diversification/Asset allocation does not ensure a profit or guarantee against loss.

Guidance is provided by Fidelity Representatives through the use of Fidelity Portfolio Planner: Portfolio Review, Retirement Income Planner and Retirement Quick Check. They are educational tools and not intended to serve as the primary or sole basis for investment or tax-planning decisions. They were developed by Strategic Advisors, Inc., a registered investment advisor and a Fidelity Investments company, for use by:

# # #

Fidelity Brokerage Services LLC, Member NYSE, SIPC,
100 Summer Street, Boston, MA 02110
Fidelity Investments Institutional Services Company,
82 Devonshire Street, Boston, MA 02109

¹ Source: Fidelity Investments. Based on a national online survey of more than 1,900 working Americans aged 25 and older who report at least $20,000 in household income. The survey was conducted for Fidelity Investments by Richard Day Research, Inc., May 13-16, 2005.