Fidelity taxable account. 03 per $1,000 of principal).

Fidelity taxable account Index mutual funds have less turnover than actively managed funds, but are still tax-inefficient. It looks like FSGGX hasn't paid out any capital gains for a few years, so it's tax efficiency may not be much, if any, worse if that stays true. Real key is continued and regular additions to account. Learn more about some of these key tax forms: Dec 18, 2024 · 3. Under current law, consider these points: Long-term capital gains and qualified dividends are taxed at lower rates. Fidelity Government Money Market Fund (SPAXX), a taxable money market mutual fund investing in U. 3 bps on the ER is meaningless to me, with securities lending and the structure of the different indexes/funds the performance could be a toss up year to year with little difference either way. Your contributions to an HSA can reduce your current taxable income and any earnings can grow tax-deferred while in the account. Fidelity is currently participating in an Internal Revenue Service (IRS) program that allows us to better protect your personal information. Roth IRA–Fidelity Go® Tax-free growth potential and withdrawals with a robo advisor. Original deductible contributions are subject to income tax upon withdrawal. Learn more about which retirement savings account can best meet your personal finance needs. I have decided on these general ETF's to use. S. Fidelity supports 128-bit browser encryption. As custodian, Fidelity will complete and file Form 990-T on behalf of your retirement account. ITOT or VTI would be more tax efficient in a taxable account. Apr 5, 2024 · Potential tax strategies, like tax-loss harvesting and long-term capital gains tax rates. com. Moving your shares from one of your taxable accounts to another one of your taxable accounts will not cause a tax event, so long as the shares are moved in-kind (i. UGMA/UTMA brokerage accounts are taxable investment accounts with no contribution limits. Aug 14, 2020 · I own VTI In my Fidelity taxable accounts as well as my Roth’s. ETFs are generally more tax efficient than mutual funds when used in a taxable account. These accounts can offer a double dose of tax advantages— contributions you make may reduce your current taxable income, and any investment growth is federally tax deferred. you don't need to buy fidelity funds thru fidelity, theres no fee for buying vanguard ETFs and you can buy fractional shares as well. If you are using fidelity to invest your money take a look at the fees associated with buying vanguard funds. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. Lastly, you can find estimated distributions for Fidelity Mutual Funds by navigating to the tax landing page on our website, Fidelity. Sep 26, 2023 · Dufus wrote: Mon Oct 07, 2024 3:25 pm Due to an inheritance DW and I have close to 1M between us in taxable Fidelity accounts. These funds are only available through Fidelity and you will need to sell them if you ever need to move to another brokerage for whatever reason, thereby incurring a (potentially) big tax bill. Once the taxable accounts are exhausted, the proportional approach can then be applied. Most tax-advantaged accounts have strict annual contribution limits and required minimum distribution rules. An accelerated gift transfer to a 529 plan (for a given beneficiary) of $95,000 (or $190,000 combined for spouses who gift split) will not result in federal transfer tax or use of any portion of the applicable federal transfer tax exemption and/or credit amounts if no further annual exclusion gifts and/or generation 11 votes, 35 comments. For a taxable brokerage account, selling/liquidating a fund is a taxable event (meaning you may now owe taxes based on that action), but with a Roth IRA (or any tax-sheltered account like a retirement account), liquidation is NOT a taxable event. In a brokerage account I'd go with VXUS or IXUS. I assume using Fidelity products in my Fidelity account has some advantages too? Taxable income is income the IRS can tax you on. You have until April 15, 2025 to make a tax-deductible contribution to your HSA. The logical choice, then, is to buy ETFs, which are very tax efficient. The exception is Vanguard's mutual funds which use a patented arbitrage system to get the same tax efficiency as their ETFs. Read more. Learn more about mutual funds at fidelity. a 401(k) can be a difficult decision. I really want to just do a total US fund, or total SP500, but can’t figure out which I should use in a taxable. For taxable accounts, Fidelity ® Dividend Income Strategy, Fidelity ® International Strategy, and Fidelity ® U. If the fund sells off ("turns over") its portfolio, that can trigger taxable events in a taxable account as well. Jan 3, 2025 · Who receives a 1099-DIV? You’ll receive a 1099-DIV if: You earn at least $10 in dividends in a taxable brokerage account. Jan 2, 2025 · Investors may want to concentrate less tax-efficient holdings in tax-deferred accounts such as a traditional IRA or 401(k), which allow you to withdraw the money post-retirement when you may be in a lower tax bracket, or tax-exempt accounts like a Roth IRA or Roth 401(k), which allow tax-free withdrawals of contributions at any time, and Virtual Assistant is Fidelity’s automated natural language search engine to help you find information on the Fidelity. And there are no special tax benefits with this account. 01 to $0. Below is an approximate availability of tax forms. I'm just interested in how to setup my taxable account the best for the long term. 15% S&P 500 ETF (VOO vs IVV) 60% Total US Stock Market ETF (ITOT VS VTI) 25% Total International ETF (IXUS vs VXUS) Dec 6, 2020 · * All my investments are finally consolidated at Fidelity, and I want to stay there w/out opening other accounts elsewhere. I am trying to set up automated investing (twice a month from my paycheck) for my taxable account at Fidelity. Jul 18, 2013 · Re: Tax efficient funds for Fidelity taxable account Post by Workaholic » Mon Mar 29, 2021 7:24 pm tashnewbie wrote: Mon Mar 29, 2021 7:01 pm I got this list of potential tax loss harvesting partners from a thread comment by user Duckie (also includes the index the fund tracks). Gift tax exclusion limits apply to gifts. May 3, 2021 · bonglehead wrote: Mon May 03, 2021 3:33 pm Hello Bogleheads - looking for your sage advise here. So I am a pretty new investor. Jan 15, 2024 · Health savings accounts (HSAs) are tax-advantaged accounts designed to help you pay for qualified medical expenses. Information that you input is not stored or reviewed for any purpose other than to provide search results. The current breakdown in my taxable account is as follows: $400k in FSTVX $100k spread between Fidelity Tax Free Bond Fund (FTABX) and Fidelity New Jersey Municipal Income Fund (FNJHX) - NJ Resident Depending on the type of account of type of account you own and your account activity during the tax year, you may receive a tax form from Fidelity. 2 days ago · Most interest on bank deposit accounts (such as CDs or checking and savings accounts) is taxed at the same federal income tax rate as the money you receive from paid work. For most retirement accounts, a taxable event is the withdrawal of funds, but never buying/selling. Looking to buy just one fund, a total stock market fund or S&P 500 fund. com site. Apr 1, 2022 · After previously posting on where to put cash other than letting it sit in a checking account some advised to put a portion in a taxable account. Aug 2, 2024 · These six portfolios—three for retirees and three for retirement savers—are designed for Fidelity investors’ taxable accounts. Fidelity-managed 529 plans all earned a best-in-class rating from Morningstar ® in 2024. I am not charged a $75 fee or any other fee that I see as long as I trade online. Distributions from traditional 401(k)s and IRAs are typically subject to the tax rates associated with your current marginal tax bracket. So if you like VOO, buy it. 015% compared to 0. When we hear taxable income, we generally think of wages from a job or freelance work. $0. Before investing, consider the funds' investment objectives, risks, charges, and expenses. Feb 26, 2025 · Fidelity Tax-Free Bond (FTABX) an investor in the highest tax bracket who owned an average-performing large-blend fund and held it for a decade in a taxable account would have ceded about 13% Mar 28, 2024 · But generally, depending on your overall asset allocation, you may want to consider putting the most tax-advantaged investments in taxable accounts and the least in tax-deferred accounts like a traditional IRA, 401(k), or a deferred annuity, or a tax-exempt account such as a Roth IRA (see chart). Manage federal income taxes by considering how capital gains and losses are recognized in your portfolio. Dec 12, 2017 · Taxable accounts have a few notable benefits. Mar 3, 2025 · Withdrawals in retirement that include earnings from the account may be tax-free as well, if certain conditions are met. An account that lets you grow your retirement savings with after-tax dollars and withdraw the money tax-free when you need it. Sell orders are subject to an activity assessment fee (historically from $0. The program makes it possible for us to mask, or hide, portions of taxpayer identification numbers on tax forms 1099 and 5498. Taxable accounts are subject to annual taxation under existing tax regulations, which change over long holding periods. Why would that be? Because of a patent expiring in 2023 that lets their mutual funds avoid such taxable events. Welcome to our sub, u/neptune-insight-589! Great question. 529 account beneficiaries can roll over up to $35,000 during their lifetime from any 529 account in their name that has been open for at least 15 years to their Roth IRA (subject to the beneficiary’s Roth IRA contribution Mar 6, 2024 · They can find IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans, and IRS Publication 502, Medical and Dental Expenses (including the Health Coverage Tax Credit),online, or you can call the IRS to request a copy of each at 800. Roth IRA conversions Gain an understanding of the federal income tax implications associated with converting a Traditional IRA to a Roth IRA. As an index fund, FSTVX is still pretty tax friendly, especially when compared to other funds. Here’s what you need to know about saving and investing for your nonretirement goals in life. * Age: 47 Hi guys, I’m debating between a Total US Market ETF fund like ITOT or S&P 500 ETF like VOO. Tax Information (Year-To-Date) The Tax Information page displays a summary of tax and realized gain/loss information updated daily for brokerage and mutual fund accounts that are 1099-reportable. Apr 27, 2024 · Learn about wash sales. Don’t do FZROX and FZILX in a taxable brokerage account. I’m having a hard time figuring out the best investments for my taxable account. When your HSA money is used to pay qualified medical expenses, withdrawals are tax-free. 35%/yr for $25,000+ What are the investment options for my core position? Non-retirement accounts. Lately, we use only Fidelity ONEQ (passively managed) and FTEC (passively managed) in taxable account - good quarterly dividends that are qualified (lower Federal taxes). Feb 22, 2020 · For a taxable account, if you are comfortable with ETFs, you should just open a taxable account at Fidelity and keep it all under one roof to make your life easier. , tax-sensitive) investing techniques (including tax-loss harvesting) are applied in managing certain taxable accounts on a limited basis, at the discretion of the portfolio manager primarily with respect to determining when assets in a client's account should be bought or sold. To which everyone commented “ETFs are better for taxable accounts because mutual funds have capital gains distributions” lol. Your teen has access to that money and can make The change in the RMDs age requirement from 72 to 73 applies only to individuals who turn 72 on or after January 1, 2023. In a taxable account, yes! If held in a tax sheltered account like an IRA, HSA, etc then FXAIX would come out ahead since its expense ratio is only 0. Fidelity consolidates several 1099 forms - the 1099-DIV, 1099-B, 1099-INT and 1099-MISC - into one tax reporting statement. One suggestion is to use a "non- substantially identical" fund in taxable. Read it carefully. Potential asset growth is tax-free while in the Retirees who could qualify for the 0% capital-gains tax rate and who have substantial long-term gains may want to consider using their taxable accounts first to meet expenses. 4 days ago · One tax-savvy approach to reach that target income is withdrawing a proportional amount of savings annually from taxable accounts, tax-deferred accounts (traditional IRAs and 401(k)s), as well as deferred income annuities, and tax-exempt accounts such as Roth IRAs, 401(k)s, and other sources of tax-free income. Government Agency and Treasury debt, and related repurchase agreements. A big one is flexibility: Though you do have to pay taxes on investment gains, unlike tax-deferred accounts such as IRAs or 401 (k)s, you can Apr 13, 2022 · I am convinced that opening a taxable account with Fidelity and buying VTI (a total market index ETF) and opening my Roth IRA and investing in FSKAX (Fidelity’s total market mutual fund) makes sense from an asset location perspective and otherwise. Feb 6, 2025 · The SECURE 2. Mar 3, 2025 · Health savings accounts (HSAs) offer triple tax advantages 1: tax-deductible contributions, tax-deferred growth, and tax-free withdrawals for qualified medical expenses. After you reach age 73, the IRS generally requires you to withdraw an RMD annually from your tax-advantaged retirement accounts (excluding Roth IRAs, and Roth accounts in employer retirement plan accounts starting in 2024). 3676. No custodial control: Unlike UGMA/UTMA accounts, you as the parent do not have custodial control of the Fidelity Youth ® Account. Jan 6, 2018 · Last year I opened at taxable account at Fidelity and moved a sizeable chunk into it ($500k). Don't miss the 2024 contribution deadline. . 04% vs FSKAX at . For me personally I put my mutual funds in my retirement funds since capital gains won't hit you grow tax free (roth) or tax deferred (traditional IRA). The information herein is general and educational in nature and should not be considered legal or tax advice. As with any search engine, we ask that you not input personal or account information. , tax-sensitive) investing techniques, including tax-loss harvesting, are applied in managing certain taxable accounts on a limited basis, at the discretion of the portfolio manager, primarily with respect to determining when assets in a client's account should be bought or sold. Distributions by Fidelity Mutual Funds Jan 7, 2025 · Unused losses can be carried over to future years. No minimum to open an account; $10 to start investing; $0 fee for under $25,000 and 0. e. You can use an HSA account for a wide variety of qualified medical expenses, including dental and vision care, as well as over-the-counter medications. I’m primarily looking to use the taxable account to throw some extra money in after contributing to all my tax advantaged accounts To make tax season a little easier to manage, we broke down 21 of the most common (and a few less common) types of IRS investment tax forms, income tax forms, and retirement tax forms. Consult with a tax advisor. It used to be that holding vanguard funds outside of vanguard kept you from owning Admiral share classes. Christine Benz Mar 30, 2023 Oct 1, 2024 · Are you planning on opening a retirement savings account? Tax rates and how you manage your money can help when choosing a Roth or traditional IRA or 401(k). Here are some additional income sources you can be taxed on: Interest income, whether from a savings account or bonds Dividend income Investment income, like short-term and long-term capital gains Mar 30, 2023 · Tax-Efficient Retirement-Saver Portfolios for Fidelity Investors Cheap and efficient equity index funds, as well as fine municipal-bond funds, are solid building blocks. Analyze the Fund Fidelity ® Tax-Exempt Money Market Fund having Symbol FMOXX for type mutual-funds and perform research on other mutual funds. If you receive your forms by mail, when applicable, Forms 1099-DIV and Form 1099-B will be mailed in the same envelope. Fidelity Crypto ® accounts and custody and trading of crypto in such accounts are provided by Fidelity Digital Asset Services, LLC, which is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business (NMLS ID 1773897). This could help eliminate the I have my tax advantaged accounts and then my taxable brokerage account. Retirement accounts like 401(k)s and individual retirement accounts (IRAs) defer taxes, so investors don’t receive a 1099-DIV for dividends in these accounts. Depending on the type of account of type of account you own and your account activity during the tax year, you may receive a tax form from Fidelity. 03%. *After you reach age 73, the IRS generally requires you to withdraw an RMD annually from your tax-advantaged retirement accounts (excluding Roth IRAs, and Roth accounts in employer retirement plan accounts starting in 2024). First, traditional wisdom is that you should avoid mutual funds in a taxable account, because they generate capital gains during the year; those capital gains are taxable. I *only* hold FXAIX in both my Roth IRA and in my employer's 457b retirement account, because they're tax-advantaged accounts. For example: - Fidelity's S&P 500 fund Feb 2, 2020 · CaptainJ wrote: Sun Feb 02, 2020 1:26 am I currently have some investments in an actively managed mutual fund with Fidelity, and I would like to transfer them into a total market index fund. Between FXAIX (Fidelity 500) FSKAX (Fidelity Total Market) FTIHX (Fidelity International) which is most tax efficient or does it really matter? Dec 10, 2024 · (Learn more about how Fidelity can help with tax-smart investing: Make tax-smart investing part of your tax planning. Fidelity Zero funds should still do alright with no taxable consequences in a tax-advantaged account such as a Roth. equity trades, exchange-traded funds (ETFs), and options (+ $0. " I've linked estimated distributions for the Fidelity Mutual Funds page below for your convenience. Taxable account - Bogleheads wiki. We will pay any resulting taxes, penalties, and interest from available cash in your account. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Large Cap strategy may apply tax-sensitive investment management (including tax-loss harvesting) on a limited basis, at the discretion of the portfolio manager, primarily with respect to determining when assets in a client's Get (and give!) advice on investment portfolios and financial planning goals for retirement (401k, Roth, IRA, HSA) and taxable investing accounts, particularly stock and bond mutual funds and ETFs - learn tips for tax efficiency and other account optimization strategies. Jan 1, 2021 · A brief note regarding tax efficiency. No tax advantages: The Fidelity Youth ® Account is not designed for storing retirement or education savings. 2. 1 If you don’t have an existing Fidelity taxable account, or cash management account, you may decide to establish one or the other prior to taking the RMD(s) from your retirement account(s). (This scenario assumes a 7% annual return. Fidelity customers Looking for tax forms for this year or a prior tax year? How custodial accounts work. ) 8 FidEliTy invEsTmEnTs defer Paying Taxes with Tax-Advantaged Accounts Tax-advantaged accounts can help your money Tax-smart (i. 65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. i would buy VTI if you are using a taxable account and want to replicate FSKAX. I have also owned VOO in these accounts as a TLH partner. 00 commission applies to online U. ) Already a Fidelity Customer? If you're already working with Fidelity and have a taxable account with net realized capital gains and unrealized losses, try our new Tax-Loss Harvesting Tool Log In Required for step-by-step However I haven't heard that FZROX has significantly worse tax drag than VTSAX. Brokerage accounts may not come with the same tax advantages for contributions and withdrawals as other types of investment accounts, but they still present opportunities to implement tax-aware strategies. Any amounts remitted from the account to pay this tax will not be reported as a taxable distribution on IRS Form 1099-R. Sounds like ETF’s have better taxation over index funds. You can see people love ETFs like VOO Good job on diversifying but you learn as you go. Retirement accounts Learn about deductible contributions as well as how withdrawals may affect your federal income tax return. These types of accounts include 401(k)s, Roth and traditional IRAs, health savings accounts (HSAs), and 529 accounts. All non-taxable accounts, including 401(k)s, Individual Retirement Accounts (IRAs), and any other retirement accounts are not eligible sources for contributions. There are some nuances regarding holding the same fund in a taxable account and a tax advantaged account, especially when you sell a fund in taxable for a loss (tax loss harvesting is another thing to learn). Jul 6, 2020 · At Fidelity, this is a great option in a tax-deferred or Roth account but not in a taxable account. 1. Which choice would be more tax efficient for my taxable account FSKAX/FTIHX or VTI/VXUS? Jan 30, 2025 · Some firms, like Fidelity Investments, consolidate several 1099 forms—the 1099-DIV, 1099-B, 1099-INT, and 1099-MISC—into one tax reporting statement for income that doesn't come from an employer. For nonretirement accounts, you might also want to consider year-round tax-loss harvesting where you use realized losses to offset realized gains first, and then can apply the remaining losses to offset up to $3,000 of ordinary income (depending on filing status) per year. Taxes on assets held within the account/withdrawn: Assets are tax-deferred while in the account. are not sold). He asked even if you have to pay tax on it, if it increases your capital why wouldn’t it be beneficial. If you sell a security for more than the original purchase price, the difference is taxable as a capital gain. Reducing tax costs is an important consideration for taxable investors. Rebalancing within a brokerage account, however, can trigger tax consequences if you are selling part of a position. Jan 3, 2020 · Re: Advice needed for fidelity taxable account Post by laotsien » Fri Jan 03, 2020 8:28 pm Ferdinand2014 wrote: Fri Jan 03, 2020 5:25 pm FXAIX is a great fund and very tax efficient. I hold VOO, VTI, BND, and BSV in my taxable account at Fidelity. Make the most of losses. Oct 21, 2024 · Fidelity does not provide legal or tax advice. Apr 25, 2017 · For my Fidelity taxable account, I chose FSTVX, because automation , ease of investing, and avoiding bad investor decisions greatly outweighed the capital gains distribution issue. Jan 30, 2022 · Missdoris25 wrote: Mon Jan 31, 2022 2:47 am Hello bogleheads, I’ve just opened my first brokerage account with Fidelity. Should look up mutual fund vs ETF you can see ETF are better for a taxable account. I have one opened through fidelity where my 401k and IRA are, is there a particular fund that would be better or worse to hold in a taxable account? The funds listed above are my current holdings. If you do not have any Fidelity taxable accounts with any of the registrations types above, you will not be able to make security contributions from them. Aug 21, 2024 · Deciding when to invest in a taxable brokerage account vs. Any dividends, whether reinvested or not, are taxable in your particular account. FPWA and Strategic Advisers are Fidelity Investments companies. Fidelity cannot guarantee that the information herein is accurate, complete, or Preparation and tax filing . Get started Log In Required If you are using fidelity to invest your money take a look at the fees associated with buying vanguard funds. 0 Act allows for tax- and penalty-free rollovers from 529 accounts to Roth IRAs, under certain conditions. If so, you may consider transferring your RMD to a Fidelity cash management account. This infographic highlights 9 key things to look for on the statement. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. Tax laws and regulations are complex and subject to change, which can materially impact investment results. If you're already working with Fidelity and have a taxable account with net realized capital gains and unrealized losses, consider using our Tax-Loss Harvesting Tool for step-by-step guidance to see if you can save on taxes while staying invested. 2 days ago · Rebalancing within a tax-advantaged account does not generate tax consequences. 015% Also Fidelity funds have no trade fees vs a $75 trade fee per transaction with vanguard funds. Such a small difference, but it’s worth mentioning since tax efficiency is irrelevant in accounts like those. true. Below is an overview of taxable accounts: when to use one, how investments are taxed, and tax-minimization strategies/tips. VTSAX is tax efficient as well but at Fidelity you have transaction costs. Fidelity does not withhold taxes on capital gains; however, gains from the sale of securities are generally taxable in the year of the sale unless your investment is in a tax-advantaged account such as an IRA, 401(k), or 529 plan. If you compare mutual funds VTSAX & FSKAX they have similar returns but VTSAX has an expense ratio of . 829. Tax-smart (i. Click "Accounts & Trade" and select "Tax Forms & Information. Jan 1, 2020 · I just opened a Fidelity taxable account, and am curious what you think is the best fund to buy, factoring in tax efficiency and trade fees (if any). Feb 7, 2025 · This analysis is based on the performance of all accounts in good order within investment strategies (offered through Fidelity® Wealth Services) within taxable account registrations from 1/1/2014 for the Total Return Blended strategy, and from 1/28/2019 for Total Return Fidelity-Focused and Index-Focused strategies and the Defensive approach Retirement account contributions and income . 03 per $1,000 of principal). Using tax-deferred accounts when appropriate can help keep more of your money invested and working for you—and you then pay taxes on withdrawals in the future. 1 Tax-smart investing techniques, including tax-loss harvesting, are applied in managing certain taxable accounts on a limited basis, at the discretion of the portfolio manager, Strategic Advisers LLC (Strategic Advisers), primarily with respect to determining when assets in a The OP asked for someone to explain WHY capital gains distributions aren’t liked in taxable accounts. Aug 31, 2021 · Re: ITOT/IXUS VS FSKAX/FTIHX in fidelity taxable account Post by UpperNwGuy » Tue Aug 31, 2021 11:27 pm Ferdinand2014 wrote: Tue Aug 31, 2021 8:38 pm In my case, the behavioral benefits of automatic investing option and round trip buy/sell limitations exceed the tax benefit of a few basis points. 😁 $0. You can view a summary and all related details for a selected tax year. A portion (up to $1,350 in 2025) of any earnings from a custodial account may be exempt from federal income tax, and a portion (up to $1,350 in 2025) of any earnings in excess of the exempt amount may be taxed at the child's tax rate, which is generally lower than the parent's This hypothetical scenario compares the value of saving $10,000 a year for 25 years in a taxable account, a tax-deferred 401(k), and a tax-deferred 401(k) with an annual match of $3,000. If you have to have mutual funds, then Vanguard is better because their index funds are more tax efficient (due to a patented dual mutual fund/ETF share class structure). Interested in learning more about college savings plans, watch a recording of our webinars Ways to help maximize your education savings strategies and The latest 529 savings strategies for your child's education. It's specific to US investors / tax laws, though some of the general themes might be broadly applicable to other locales. Tax-advantaged accounts are maxed out and I'm happy w/how they are invested (mainly target-date index funds for simplicity) so not particularly interested in asset allocation. lqlbscr wrmemqbq elqtau hdz ebrp jqc eqyt cnket nznopf mwl ttddhn qppy dbhwin uaboqc ngkol