Roth IRA

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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 Any earnings have the potential to be withdrawn tax-free in retirement, provided that certain conditions are met.¹

Earnings	Earnings grow federally tax-free¹
Withdrawals	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

Earnings

Earnings grow federally tax-free¹

Withdrawals

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

Eligibility	No age limit⁴ Must have employment compensation Other income requirements apply
IRA maximum contribution	2019: $6,000 ($7,000 if age 50 or older) 2020: $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

Eligibility

No age limit⁴

Must have employment compensation

Other income requirements apply

IRA maximum contribution

2019: $6,000 ($7,000 if age 50 or older)
2020: $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 fees³	$0 commission for online US stock, ETF, and option trades

Account fees

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

Trading fees³

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

For single filers

For 2017, those with Modified Adjusted Gross Incomes (MAGI) up to $118,000 are eligible to make full contributions. For 2018, those with Modified Adjusted Gross Incomes (MAGI) up to $120,000 are eligible to make full contributions.

For 2017, those with MAGI between $118,000 and $133,000 are eligible to make partial contributions. For 2018, those with MAGI between $120,000 and $135,000 are eligible to make partial contributions. Use Fidelity's IRA Contribution Calculator to determine your partial contribution amount.

For joint filers

For 2017, those with MAGI up to $186,000 are eligible to make full contributions. For 2018, those with MAGI up to $189,000 are eligible to make full contributions.

For 2017, those with MAGI between $186,000 and $196,000 are eligible to make partial contributions. For 2017, those with MAGI between $189,000 and $199,000 are eligible to make partial contributions. Use Fidelity's IRA Contribution Calculator to determine your partial contribution amount.

For those with income above the limits

If you are above these limits and you have assets in a Traditional IRA or an old workplace savings plan, such as a 401(k), you may still be able to take advantage of the benefits of a Roth IRA by converting these assets. Learn about converting to a Roth IRA.

Why choose a Fidelity Roth IRA?

Tax Advantages

Account Features

Fees

Tax Advantages

Account Features

Fees

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Roth IRA Income Requirements

For single filers

For joint filers

For those with income above the limits

Mutual Funds and Mutual Fund Investing - Fidelity Investments

Roth IRA

Why choose a Fidelity Roth IRA?

Tax Advantages

Account Features

Fees

Tax Advantages

Account Features

Fees

Next steps

More information

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Roth IRA Income Requirements

For single filers

For joint filers

For those with income above the limits