Traditional IRA

With a Traditional IRA, you make contributions with money you may be able to deduct on your tax return. Any earnings potentially grow tax-deferred until you withdraw them in retirement.

Account benefits

  • Potential tax-deferred savings growth and tax-deductible contributions (depending on income)
  • There is no minimum to open the account
  • Many easy ways to make contributions to your account, including transferring funds from your bank or other financial institution, direct deposit, check, or mobile check scan using your iPad®, iPhone®, or AndroidTM device

Why Fidelity

  • Only $4.95 for online U.S. equity trades1
  • A wide range of Fidelity and non-Fidelity funds, as well as stocks, bonds, ETFs, and CDs—plus help choosing them
  • Comprehensive research and tools to help you find, analyze, and track investment performance
  • Knowledgeable representatives to help you create and maintain your plan

What you should know

  • Often a good choice for investors with earned income who are under age 70½ and looking to save for retirement
  • $5,500 maximum contribution for 2016 and 2017 ($6,500 if you’re 50 or older)2
  • Required minimum distributions starting at age 70½
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
1.

$4.95 commission applies to online U.S. equity trades in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). Other conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing & Custody Solutions® are subject to different commission schedules.

2. For a Traditional IRA, full deductibility of a contribution for 2016 is available to active participants whose 2016 Modified Adjusted Gross Income (MAGI) is $98,000 or less (joint) and $61,000 or less (single); partial deductibility for MAGI up to $118,000 (joint) and $71,000 (single). In addition, full deductibility of a contribution is available for working or nonworking spouses who are not covered by an employer-sponsored plan whose MAGI is less than $184,000 for 2016; partial deductibility for MAGI up to $194,000. For 2017 full deductibility of a contribution is available to active participants whose 2017 Modified Adjusted Gross Income (MAGI) is $99,000 or less (joint) and $62,000 or less (single); partial deductibility for MAGI up to $119,000 (joint) and $72,000 (single). In addition, full deductibility of a contribution is available for working or nonworking spouses who are not covered by an employer-sponsored plan whose MAGI is less than $186,000 for 2017; partial deductibility for MAGI up to $196,000.
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