With a Roth IRA, you make contributions with money on which you've already paid taxes. Your money can then potentially grow tax-free, with tax-free withdrawals in retirement, provided that certain conditions are met.1
Reasons to consider a Roth IRA
- Earnings grow federally tax-free.1
- Tax-free withdrawals1
- Tools, ideas, and strategies to help you prepare for your retirement
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Earnings grow federally tax-free.1
No minimum required distributions (MRDs) during the lifetime of the original owner
No age limit2
Must have employment compensation
|IRA maximum contribution||
2015 and 2016: $5,500 ($6,500 if age 50 or older)
Access to a wide range of investments offering growth or income including mutual funds, stocks, bonds, ETFs, and FDIC-insured CDs
|Support and guidance||
One-on-one guidance—in person, online, or over the phone
Research and tools to help you create a long-term plan and choose investments
|Account opening and annual maintenance fees||
*There is no cost to open and no annual fee for Fidelity's Traditional, Roth, SEP, and Rollover IRAs. A $50 account close out fee may apply. Fund investments held in your account may be subject to management, low balance and short term trading fees, as described in the offering materials. For all securities, see the Fidelity commission schedule (PDF) for trading commission and transaction fee details.
$7.95 for online U.S. equity trades
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.
Rev up your readiness to retire
Fidelity study finds more than half of Americans at risk. Consider six steps to get on track.
Roth Conversion Checklists
Follow these steps to convert a Traditional IRA or an old 401(k) to a Roth IRA.