Fidelity and Amex team to bolster IRAs

Fidelity Investments of Boston today launched a program that allows investors to save for retirement while spending money.
DEC 08, 2008
By  Bloomberg
Fidelity Investments of Boston today launched a program that allows investors to save for retirement while spending money. The Fidelity Retirement Rewards American Express Card offers a 2% earn rate on retail purchases when card members redeem their cash rewards as a current-year contribution into their Fidelity individual retirement account. The card, which will be available beginning Dec. 10, has no annual fee, caps or limits on rewards. Using the card, investors earn two points for each dollar spent on purchases. Once they reach a minimum of 5,000 points, or $2,500 in purchases, points can be swept as a $50 contribution to their IRA. If their IRA contribution has been maxed out already, they can accrue points and restart deposits to their IRA for the next year. Investors can also redeem their rewards as cash into other Fidelity accounts or for travel, merchandise or other rewards.

Latest News

Spotlighting the Fastest-Growing Fee-Only RIAs in the USA
Spotlighting the Fastest-Growing Fee-Only RIAs in the USA

Discover which fee-only RIAs had standout performances in 2024

Advisor AI startup Zeplyn adds ex-LPL leader Kabir Sethi to board
Advisor AI startup Zeplyn adds ex-LPL leader Kabir Sethi to board

The two-decade veteran, whose career also includes a stint at Merill Lynch, will help shape strategy for the Google engineer-founded fintech.

US wholesale inflation surprises on food, energy prices
US wholesale inflation surprises on food, energy prices

The latest PPI print, clocking in north of 3 percent, adds to concerns that inflation is far from tamed.

Robinhood earnings surge as TradePMR acquisition plan rolls along
Robinhood earnings surge as TradePMR acquisition plan rolls along

The DIY investment giant's positive earnings surprise, surpassing $1 billion in revenue for the first time, puts it on strong footing for future expansion.

Advisors expect revenue boost this year as Secure 2.0 provisions kick in
Advisors expect revenue boost this year as Secure 2.0 provisions kick in

Most retirement plan specialists anticipate gain of up to 10%.

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.