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Roth IRA

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

Tax advantages

Earnings Earnings grow federally tax-free.1

Tax-free withdrawals1

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

Account features


No age limit2

Must have employment compensation

Other income requirements apply.

IRA maximum contribution

2013 and 2014: $5,500 ($6,500 if age 50 or older)

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

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.
Trading fees3

$7.95 for online U.S. equity trades

Roth IRA Income Requirements

For single filers

For 2013, those with Modified Adjusted Gross Incomes (MAGI) up to $112,000 are eligible to make full contributions. For 2014, those with Modified Adjusted Gross Incomes (MAGI) up to $114,000 are eligible to make full contributions.

For 2013, those with MAGI between $112,000 and $127,000 are eligible to make partial contributions. For 2014, those with MAGI between $114,000 and $129,000 are eligible to make partial contributions. Use Fidelity's IRA Contribution Calculator to determine your partial contribution amount.

For joint filers

For 2013, those with MAGI up to $178,000 are eligible to make full contributions. For 2014, those with MAGI up to $181,000 are eligible to make full contributions.

For 2013, those with MAGI between $178,000 and $188,000 are eligible to make partial contributions. For 2014, those with MAGI between $181,000 and $191,000 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.

Converting from a Traditional IRA?

If you would like to convert a Traditional IRA to a Roth IRA, use the Roth Conversion Checklists.  

Rated 4.3 out of 5 by 430 reviewers.
Rated 5 out of 5 by Freedom of Choice Unlike a 401K through work, I like the fact that I can choose my own investments. I love the fact that I can choose stocks or even ETFs over mutual funds if I choose. There are few restrictions. January 31, 2014
Rated 5 out of 5 by Great customer service I love Fidelity products mainly because of Fidelity customer service. It does not matter which option you choose, chat, email, mail or phone they are all knowledgeable and helpful. I also love the ease and convenience of trading etc. January 28, 2014
Rated 4 out of 5 by Simple, easy, affordable I like the Roth IRA account I have with fidelity. It provides me with a simple and practical way to save for my retirement. I love the no load mutual funds with very low operating costs. June 26, 2013
Rated 5 out of 5 by Love Fidelity! I love the electronic tools available through Fidelity - website, iPad app etc.....also Fidelity Customer Support is superior to other brokerage firms I have used in the past. These were my deciding factors in moving most of my investments to Fidelity. I like that I can access my information anytime, anywhere, reliably and if I need help, I can call someone who 'gets it' and can help me! Thank You, Fidelity! June 26, 2013
Rated 5 out of 5 by Roth IRA Account My Roth IRA account allows me to trade with confidence and reliability. Trading costs are low and trades are handled quickly and efficiently. June 24, 2013
Rated 5 out of 5 by Easy and Accessible, Perfect for "Rookies" I am a working mom who wants to secure her family's future. I am not well-versed in financial matters, and I assumed there were no good options for a rookie like me. Fortunately, Fidelity proved me wrong! The site is easy to use, and best of all, I am not subject to ridiculous fees that can discourage small investors like me. Now, I transfer a small, set amount each month. And when I have a few extra dollars, my first thought is, "Oh, I can't wait to put this towards my IRA!" Thank you, Fidelity, for this opportunity to invest in my family and my future! March 8, 2013
Rated 5 out of 5 by Quality Service, Excellent Web Site Web site is easy to navigate. Have been extremely pleased with customer service over the phone, the few times I've needed it. Mobile site is very well done, and handy to use. Access to a very good selection of assets and funds. January 27, 2013
Rated 4 out of 5 by Easy to manage. Worry free. I like the convenience of Fidelity. My agent is helpful and easy to work with. I wish I had stayed with Fidelity instead of straying to other firms. I am back now and very happy. January 24, 2013
Rated 5 out of 5 by Easy to use & contribute The Roth IRA at Fidelity is easy to set up and to contribute to and has a full array of Fidelity investment products available. January 24, 2013
Rated 5 out of 5 by Best Place for a Low-Cost Roth IRA For several years I have funded my Roth IRA with Fidelity and have been very pleased with the ease and convenience of managing my account on line and on my smartphone. Last month, I did something I should have done years ago -- I moved my Roth accounts that were being held by other firms into my Fidelity Roth IRA. Now, I am no longer paying custodial fees, and Fidelity offers an incredible array of investment options. I've long been a fan of Fidelity's low-cost mutual funds, and now they're offering 30 free ETF trades, which I'm already taking advantage of. For Roth IRA investment choices and low costs, Fidelity can't be beat. February 29, 2012
Rated 5 out of 5 by Excellent customer service Every time I call with a questions, representatives are friendly, knowledgeable and easy to understand. It's so nice to be able to have help whenever I need it. April 3, 2014
Rated 5 out of 5 by satisfied have invested with fideleity for almost 20 years , very satisfied with service overall March 25, 2014
Rated 4 out of 5 by Helpful I think that my Roth is a great investment choice. March 14, 2014
Rated 5 out of 5 by Easy Easy to open an account. Easy to process. Easy to see the pros and cons of other accounts. February 28, 2014
Rated 5 out of 5 by Professionally Managed I have had nothing but a good experience with Fidelity. There was a minor issue with the timing of a contribution. It was not straightforward and the customer service rep quickly realized he wasn't able handle the issue and escalated it. The next person researched it and handled very professionally and efficiently. There are very few good customer service groups out there and Fidelity has one of them. Very impressed. February 20, 2014
Rated 3 out of 5 by more work are desired on mobile web For example: In trade panel, when sell all share selected, a selection of current holding should be out automatically. February 16, 2014
Rated 5 out of 5 by Many Options for Investors I like Fidelity and the website more each time I use it. Fidelity constantly updates and makes their site easier to use, the investing information is very useful, the funds are easy to research and the personal reports are invaluable. As an average investor I feel lucky to have these resources. When I call I get immediate, and accurate service from very helpful people with great attitudes. February 5, 2014
Rated 4 out of 5 by Roth IRA A Roth IRA is the best thing to have. Pay your taxes on your investment when you open the Account, then as you earn you don't have to worry about taxes. February 5, 2014
Rated 4 out of 5 by good research and results I find your web site a huge help for research. I had to change the type of acct. I have last year and the phone help was very good. I would like to see rate of return available February 4, 2014
Rated 5 out of 5 by Roth IRA Very simple to use. A vanilla product for a simple concept February 3, 2014
Rated 5 out of 5 by Fidelity Rocks Have always experienced good service whether on line or with call to customer service. Never left on hold and always pleasant experience. February 3, 2014
Rated 5 out of 5 by Roth IRA Review I feel that a Roth IRA is the best investment a person can make. This is my first year of full retirement. It bothers me that I will not be able to take out a Roth IRA for C.Y. 2014. I always looked forward to doing so. I intend to convert some of my 401K Rollover Account funds to my Roth IRA each year for the rest of my life. February 2, 2014
Rated 5 out of 5 by For the Grandkids Because I hopefully will not need this money, I can invest differently and take more chances, and am not bound to the rules I follow in my conservative account. February 2, 2014
Rated 4 out of 5 by retirement fund centric all my retirement fund under one roof of Fidelity and all retirement fund is consolidated under Fidelity which is very important for me February 1, 2014
Rated 5 out of 5 by Roth IRA applicability Fidelity made it extremely easy to start and maintain this account. It is a fine vehicle when one is lucky enough to be able to contribute more than a traditional IRA allows. February 1, 2014
Rated 4 out of 5 by Information about Roth IRA in general insufficient in general any question I may have related to Roth IRAs is incomplete When I ask a question about Roth IRAs I get an answer to a regular IRA February 1, 2014
Rated 4 out of 5 by good my account is self directed , but the company has done a good job February 1, 2014
Rated 4 out of 5 by Great basics, short on Socially Responsible options The Fidelity platform is very useful for access to articles that give a firm grounding in the basics of long-term investing, and their mutual fund screening program offers diverse mutual fund options. Their selection of Socially Responsible investment products is limited to traditional funds, without access to Community Loan Funds or other more dynamic investment products. This is an important growing edge for me as an investor, and has already sent some of my investment funds elsewhere. February 1, 2014
Rated 4 out of 5 by Roth IRA Have not found a need up to now for person to person contact. The online is good, and any phone time has been excellent. Living in the Chicagoland area I have access to offices, but haven't really found myself in need for one. February 1, 2014
Rated 4 out of 5 by Secure and Controllable I like controlling my retirement account, being able to move assets from a declining fund to a cash reserve account to ride out drops in the stock market. If something bad happens in the world today like 9/11 or the president makes a statement that effects the market, I like the fact that I can relocate my investments to minimize the loss. February 1, 2014
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ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.

1. A distribution from a Roth IRA is tax-free and penalty-free provided that the five-year aging requirement has been satisfied and one of the following conditions is met: age 59½, death, disability, qualified first time home purchase.
2. You must be at least 18 to open an IRA at Fidelity.
3. $7.95 commission applies to online U.S. equity trades in a Fidelity account with a minimum opening balance of $2,500 for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (of between $0.01 to $0.03 per $1000 of principal). Other conditions may apply. See Fidelity.com/commissions for details.
The initial customer ratings and reviews for this product (those dated before 3/16/2012) were provided to Fidelity through an email solicitation for feedback on the product. All 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. The average rating is determined by calculating the mathematical average of all ratings that are approved for posting per the Customer Ratings and Reviews Terms of Use and does not include any ratings that did not meet the guidelines and were therefore not posted. 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 experiences 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.
Please contact a Fidelity representative if you have additional questions or concerns about the ratings and reviews posted here.
Fidelity Brokerage Services, LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield RI 02917