Fidelity provides education to customers about retirement planning and IRA basics as well as providing several calculators for specific retirement planning issues. Fidelity customers can combine retirement accounts and 401(K) plans into a traditional tax-deferred IRA, rollover IRA or Roth IRA.
An IRA is a retirement account that is funded by an individual and is used to make investments for retirement in stocks, bonds or investment plans. The gains from an IRA are not taxed until the money is withdrawn from the account. Contributions to a traditional IRA are not taxed when deposited, but the distributions are taxed as income. Contributions to a Roth IRA are taxed when deposited, but distributions are tax exempt.