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 Any earnings have the potential to be withdrawn tax-free in retirement, provided that certain conditions are met.1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 Fidelity?
- America's #1 IRA provider†
- No annual account fees and no minimums to invest
- Broad range of investment choices
- Tools, ideas and strategies to help you prepare for retirement
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Earnings grow federally tax-free.1
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 limit2
Must have employment compensation
|IRA maximum contribution||
2017 and 2018: $5,500 ($6,500 if age 50 or older)
There is no minimum to open the account
Certain investments, like mutual funds, require a minimum initial investment
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 opening and annual maintenance fees||
There is no opening cost or annual fee for Fidelity's Traditional, Roth, SEP, SIMPLE, and rollover IRAs. Fund investments held in your account may be subject to management 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.
$4.95 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.
Roth Conversion Checklists
Follow these steps to convert a Traditional IRA or an old 401(k) to a Roth IRA.
Ready to get started?
In this video, learn how three investors, all with different situations, were able to gain the Roth IRA's potential benefits.