Author Topic: IRA Matching - Fidelity  (Read 2004 times)

medinaj2160

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IRA Matching - Fidelity
« on: April 06, 2015, 04:51:36 PM »
Today when looked at Mint account there was an offer from Fidelity about them matching 10% of my IRA contributions for 3 years up to $1950.

Is this a good deal? My traditional IRA is on Vanguard VTSMX. Is there any other companies offering a matching? The Wife and I try to max out our IRA's every year.

Thanks

seattlecyclone

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Re: IRA Matching - Fidelity
« Reply #1 on: April 06, 2015, 05:20:39 PM »
Are you referring to this offer? If so, you should be aware that you need to transfer in an existing IRA with over $500k (and be old enough to make "catch-up contributions") in order to receive the maximum $1,950 match. Someone under 50 who transfers in a "mere" $50k will only be eligible for a $247.50 payout under this program. Nothing to sneeze at, sure, but likely not enough to convince me to switch away from Vanguard.

 

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