The Fidelity IRA

Opening an IRA could help you kickstart your retirement fund. Find out if a Traditional or Roth IRA is right for you.

Getting started with this tax-smart account

Let's face it: You're probably not going to want to work forever. And when you decide to retire, you'll need some cash to fund whatever it is you want to do next. Many people choose to put their savings in a tax-advantaged account called an IRA. Here's what you need to know.

There are a few kinds of IRAs out there


With this kind of IRA, you don't pay taxes on the money you put into the account, only the money you take out. Because savings may grow tax-deferred, many people use Traditional IRAs to help reduce their taxable income. FYI: You could qualify for a tax deduction if you make an IRA contribution by the tax filing deadline.


With a Roth IRA, you pay taxes on your contributions upfront, which means your money may grow tax-free. Plus, you won't be taxed on withdrawals1, which can make a big difference if you find yourself in a higher tax bracket down the road.


If you have old 401(k)s from previous jobs, moving them to a Rollover IRA could help preserve your tax deferred growth potential. Plus, bringing your savings together to one place could help make managing your financial life a little easier.

Be sure to consider all your available options and the applicable fees and features of each before moving your retirement assets.


Traditional and Roth are two of the most popular types of IRAs. An important difference lies in whether you pay taxes now, or later. Answer a couple of questions, and we'll help you figure out which one to go with.

A smart way to supplement your savings

Because of their unique tax advantages, IRAs can be a great way to save on top of your 401(k) or other workplace savings. Tip: Consider setting up automatic, monthly contributions to make sure you're saving on a regular basis. Even if you put away just a little every month, it can make a big difference over time.


Use our calculator to get a sense of how much you can sock away into an IRA this year, and how much of that contribution could be tax-deductible

Access to a wide range of investment options

With an IRA, you'll have access to a wide selection of investments, like stocks, bonds, mutual funds, and ETFs. Need help choosing investments? Our professionals can talk you through your options.

Ready to get started?

Here's what real customers have to say about our IRAs

Easy and Great Choice
April 24, 2018

We really like investing our Roth with Fidelity. They have such a wide range of investment choices, a great website to research options and it's super easy to use.

-Vanitta C.

Why didn't I start sooner?
April 18, 2018

After years of letting someone else manage my Roth IRA, I heard so many good things about Fidelity and the ease of set up and use. I finally started an account. Why didn't I start sooner? It's all that I expected and more.


Excellent and caring service!
September 26, 2017

I'm very happy that I have been working with Fidelity - you take the time to understand my financial needs, walked me through my first home purchase, and make sure to call me to let me know when my funds are better off in another product or to simply offer advice. I'm thrilled that as a 26 year old that is still on her way to becoming "financially stable", I matter to you at a customer and you are willing to take extra time to make sure that I understand everything related to my account and can make informed decisions. Thank you!

-Margie P.

1. A distribution from a Roth IRA is tax free and penalty free, provided the five-year aging requirement has been satisfied and one of the following conditions is met: age 59½, disability, qualified first-time home purchase, or death.
All customer ratings and reviews are provided to Fidelity on a voluntary basis and are screened in accordance with the guidelines set forth in our Customer Ratings and Reviews Terms of Use . For additional information on which ratings and reviews may be posted, please refer to our Customer Ratings and Reviews Terms of Use. Featured Reviews have been selected based on subjective criteria and reviewed by Fidelity Investments. Ratings and reviews are added continuously to the website (after a delay for screening against guidelines) and average ratings are updated dynamically as reviews are added or removed.
The ratings and experience of customers may not be representative of the experiences of all customers or investors and is not indicative of future success. The accuracy of information included in the customer ratings and reviews cannot be guaranteed by Fidelity Investments. Customers who post ratings may be responsible for disclosing whether they have a financial interest or conflict in submitting a rating and review.
Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.
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