Roth IRA

With a Roth IRA, you make contributions with money on which you've already paid taxes. You're able to withdraw your contributions tax- and penalty-free at any time, for any reason. Any earnings have the potential to be withdrawn tax-free in retirement, provided that certain conditions are met.1

Why choose a Fidelity Roth IRA?

  • No account fees or minimums to open an account2
  • Broad range of investment choices
  • Commission-free trades3
  • Potential for tax-free growth and withdrawals1

Earnings grow federally tax-free1


Tax-free withdrawals1

You are able to withdraw your contributions tax- and penalty-free at any time, for any reason

No required minimum distributions (RMDs) during the lifetime of the original owner


No age limit4

Must have employment compensation

Other income requirements apply

IRA maximum contribution

2020: $6,000 ($7,000 if age 50 or older)
2021: $6,000 ($7,000 if age 50 or older)

Minimum investment

There is no minimum to open the account

Certain investments, like mutual funds, require a minimum initial investment

Investment options

Access to a wide range of investments offering growth or income including mutual funds, stocks, bonds, ETFs, and FDIC-insured CDs

Support and guidance

Research and tools to help you create a long-term plan and choose investments

Account fees

There is no opening cost, closing cost or annual fee for Fidelity's Traditional, Roth, SEP, SIMPLE, and rollover IRAs2

Trading fees

$0 commission for online US stock, ETF, and option trades3

More information

Converting to a Roth IRA
Learn about the potential benefits of a Roth IRA and how to take advantage of them if you have assets in a Traditional IRA.

Contribute to your IRA
Already have a Fidelity IRA? Contribute now to take advantage of tax-deferred growth.

Roth Conversion Checklists
Follow these steps to convert a Traditional IRA or an old 401(k) to a Roth IRA.

Ready to get started?