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.
- 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
- 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
$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.