For many people, personal savings is a vital piece of their retirement future. Such savings is especially important for those not covered by a traditional retirement plan – namely Independent Contractors. NICA is proud to announce that there is a Traditional IRA retirement plan available to all affiliated members as well as a Roth IRA retirement plan. With a Traditional IRA, you can make a tax deductible IRA contribution whenever you have earned income. The Roth IRA provides no deduction for contributions, and as with a Traditional IRA, earnings are not taxed while in your Roth IRA. This potentially allows them to grow more rapidly than in a taxable investment. Due to NICA’s buying power, we have had the initial funding of $250 waived to further help our members. NICA hopes that members will take advantage of this service and begin saving for retirement today!
NICA, Inc. and any NICA employees are not financial advisors and are legally unable to provide financial advice, investment recommendations and any other financial suggestions. - Refer to Fidelity.
For ease of use, you may want to print this page and then follow the instructions below accordingly.
Follow these steps to get to the New IRA Account Application:
1. Click here to go to application
2. Find the sections titled Traditional IRA or Roth IRA and click on Download an Application link.
3. Review the printable Fidelity IRA Custodial Agreement and Disclosure Statement, Brokerage Retirement Account Customer Agreement, Appropriate Freedom Fund Prospectus, and other supplemental legal documents
4. Once you have carefully read and understood the necessary terms and agreement, click on “I Agree” to go to the application
Please read the application instructions carefully.
Each section needs to be filled out, EXCEPT Section 4 and Section 7(optional). Your funding information will be filled in on a separate NICA form (Retirement Plan Deduction Authorization Form found below); therefore DO NOT FILL IN SECTION 4.
Under Section 5, pick appropriate freedom fund according to your retirement year.
Also, your application CANNOT be processed without your signature.
When you have completed filling in the application, please return to:
Fidelity Investments
300 Granite Street
Braintree, MA 02184
