Roth IRA

A Roth IRA can be a powerful way to save for retirement since potential earnings grow tax free. Additionally, you don't have to pay taxes when you make qualified withdrawals.1

With Fidelity, you have a broad range of investment options, including having us manage your money for you. You'll get exceptional service as well as planning and guidance from our team.

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Advantages of a Roth IRA

Tax benefits

Any potential earnings grow tax-free, which can have a significant impact over the long term.1 Roth IRA contributions are made with after-tax dollars and will not be taxed again when you take a withdrawal.

Access to your money

You can take out your contributions at any time, for any reason, without taxes or penalties. You can take out your earnings without taxes or penalties as long as it has been 5 years since your first contribution, and for certain expenses such as for qualified higher education, qualified first home purchases (up to $10,000), certain major medical expenses, certain long-term unemployment expenses, death and disability. This is different than many other retirement accounts.

Flexibility

If you have earned income (up to the limit set by the IRS), you can contribute to a Roth IRA in addition to a 401(k). Also, you are not mandated to take withdrawals (required minimum distributions, or RMDs) from a Roth, so if you don't need the money, it can continue to stay invested.

Why you may want to consider other options

Roth IRAs have income limits: As your income increases into the phase-out range, the amount you can contribute gradually decreases to zero. You can use our IRA Contribution Calculator to find out how much you may be able to contribute and consider a traditional IRA if you don't qualify.



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Ready to get started with a Roth IRA?

Decide whether you want to manage the investments in your IRA or have Fidelity do it for you.

  Fidelity Roth IRA Fidelity Go® Roth IRA Fidelity® Personalized Planning & Advice Roth IRA2
Investment management
  • You are responsible for choosing and managing your investments
  • We choose and manage your investments using your goals and risk tolerance in this digital account
  • We choose and manage your investments using your goals and risk tolerance in this digital account
Planning & guidance
  • Access to robust planning tools, and support from a Fidelity representative as needed3
  • Access to robust planning tools, and support from a Fidelity advisor as needed3
  • Access to robust planning tools plus 1-on-1 coaching from a dedicated team of Fidelity advisors3 on a variety of financial topics
Minimums
  • No minimum to open an account4
  • No minimum to open an account5
  • $25,000 investment minimum across Personalized Planning & Advice accounts6
Fees
  • No account4 or advisory fees with this type of retail account
  • Depending on which investments you choose, there may be underlying fees
  • $0 for under $10,000
  • $3/mo for $10,000–$49,999
  • 0.35%/yr for $50,000 and above
  • No additional underlying fees for investments (invests in zero expense ratio Fidelity mutual funds)
  • 0.50%/yr advisory fee
  • No additional underlying fees for investments (invests in zero expense ratio Fidelity mutual funds)
Support
  • Thought leadership, research, 24/7 customer service
  • Thought leadership, research, 24/7 customer service
  • Thought leadership, research, 24/7 customer service
 


Looking for a more hands-on approach? You might want to consider Fidelity® Wealth Services for your planning and investment management needs. Minimum investment is $50,000 for access to a team of advisors or $250,000 for a dedicated advisor. Learn more

Don't forget these important steps

Once you get your account set up, what's next?

For a Roth IRA: Make your first contribution. Once your money is in your IRA, you should get it invested. This is a very important step—investing is how your money has the potential to grow over time.

For a Fidelity Go® Roth IRA or Fidelity® Personalized Planning & Advice Roth IRA: Make your first contribution. You don't need to choose or manage your investments—we do that for you based on the information you gave us.

If you use Fidelity Personalized Planning & Advice, you might also want to set up a coaching appointment and review your full financial picture. That's why we're here!