IRA 3-step checklist: Open, fund, and invest

Whether you're opening a new IRA, transferring funds from another provider, or both, the process is easy. But should you want help, an investment professional is only a call away.

Step 1:

Open a Fidelity IRA

Our IRAs have no account fees or minimums to open1 and commission-free trades.2 If you haven't done so already, open a Fidelity traditional, rollover, or Roth IRA. It's quick and easy.

Step 2:

Fund your account

Once you've opened your account, there are several ways to fund it.

  • Make your first contribution lock_green
    Consider maximizing your contributions each year, up to $6,000 for 2022 and $6,500 for 2023. And if you're age 50 or older you can save an additional $1,000. As long as you are still working, there is no age limit to be able to contribute to a Traditional IRA. 
  • Transfer other IRA assets
    We'll guide you through the process of moving your outside IRA assets to a Fidelity IRA.
  • Roll over old 401(k)s
    We have an easy to follow rollover process, with access to a rollover specialist along the way.

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

Step 3:

Invest your IRA

Select from a wide range of investment options for your Fidelity IRA, including Fidelity mutual funds with no minimums to invest.3 Learn more about investing your IRA. We can help. Call us to schedule a review of your investments.

Need help?

Our investment professionals can help with anything from quick questions to guiding you through each step of the process.