Traditional IRA

With a Traditional IRA, you make contributions with money you may be able to deduct on your tax return. Any earnings potentially grow tax-deferred until you withdraw them in retirement.

Reasons to consider a Traditional IRA

  • Earnings grow federal income tax-deferred
  • Penalty-free withdrawals for first home purchase and certain college expenses
  • Tools, ideas, and strategies to help you prepare for your retirement

Get started now


Tax-deductible contributions1


Any earnings grow federal income tax-deferred.


10% early withdrawal penalty may apply for other withdrawals taken prior to age 59½ if no exceptions apply.

Penalty-free withdrawals for first home purchase and certain college expenses

Minimum required distributions (MRDs) starting at age 70½


Individuals less than 70½ years of age

Must have employment compensation

Maximum contribution

2015 and 2016: $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

More information

Learn about IRAs
Get the basics, from choosing investments to taking minimum required distributions (MRDs).

Roth vs. Traditional IRA Evaluator
Answer a few questions to find out which type of IRA is right for you.

IRA Checklist
Follow these three steps to open a new IRA or transfer an IRA from another provider to Fidelity.

Rated 4.3 out of 5 by 554 reviewers.
Rated 5 out of 5 by Professionalism for an Amateur I became an amateur investor after experiencing great frustration with a retail broker. I have had great success with Fidelity and much of that can be attributed to their outstanding customer service. When I have not understood something about the market or a particular investment option, they have always explained things and helped me make good choices. July 9, 2016
Rated 5 out of 5 by No worries IRA Both in person and online availability, ease of online transactions and Fidelity offerings to keep you up to date on your accounts and retirement goals. April 25, 2016
Rated 5 out of 5 by Easy for research I like the ease of use. You can research various funds/stocks before you invest. It is easy to view and move between the screens. When I have had to call/inquire about my account, the info has been spot on. January 12, 2016
Rated 5 out of 5 by Great telephone support I am happy with the Fidelity IRA. The range of investment options is good. Costs are low. Especially good is the telephone support by Fidelity representatives. January 7, 2016
Rated 5 out of 5 by Fidelity is the Best Fidelity has something for everyone. There is no need to look anywhere else for investment products. Mutual Funds, ETFs, Stocks, Index Funds, whatever you need Fidelity can provide. Their website is easy to use and their monthly statements are easy to read. Having all of my accounts at Fidelity helps with seeing the whole picture of my assets, and whether or not I'm keeping within the stock/bond allocation that I'm comfortable with. While the new monthly statement contains additional helpful info, I miss not seeing the value of each of my positions at the beginning and end of the month instead of just seeing that at the account level. Adding a percent of increase/decrease for each position would also be beneficial. December 14, 2015
Rated 5 out of 5 by Everything is here Everything is great: - all types of accounts - services - website - feeling of security - reliability - people - etc. August 3, 2015
Rated 5 out of 5 by IRA Review This IRA is easy to navigate, extremely easy to process distributions and the ability to transfer money electronically to an outside account is a BIG advantage. December 18, 2014
Rated 5 out of 5 by Reliability and Service Fidelity has a excellent display of information for a person to look at its IRA for him/her to administer by one's own initiative or with the help/guidance of a Fidelity representative that is very knowledgeable that keeps you updated and well informed. July 22, 2014
Rated 5 out of 5 by Mr Great support staff, and one of the best web sites made this my number one investment choice. Fidelity meets all expectations with answering questions , follow up and support from staff. This is my first try of an on line investment company, and fidelity has been a positive example of doing things right. Many on line services are hard to get any personal service when things go wrong, but Fidelity Investments is fantastic. Would recommend to all my friends and family. January 29, 2014
Rated 5 out of 5 by My IRA at fidelity I love my Fidelity IRA. I can access it easily, it is secure and I can see how my investments are doing over time and day to day. I have been very happy with the service provided by Fidelity, the cost of the account, the price of trades and the depth of information available to research positions. The research information is probably the strongest asset of the account. I do not need to buy a position in order to research its performance. The trades are done quickly, I can access information any time I like, and I can call an account representative if I have a question. Their service over the years has been outstanding. I have had absolutely no complaints about Fidelity. June 26, 2013
Rated 5 out of 5 by Great online research resources Super representatives and great online research resources. Customer service is always ready to help and very accommodating. All assets have been transferred to Fidelity because they exceed in all areas. Left a broker offering free trades for the convenience, research and customer service I get from of Fidelity. June 26, 2013
Rated 5 out of 5 by Fidelity Traditional IRA I have been a Fidelity customer for about 20 years. I have rolled over all my 401K money from my prior employers into a Fidelity Traditional IRA. You have excellent asset allocation tools, thousands of no load mutual funds and even a very good selection of no transaction fee ETF's to choose from. For someone like me who chooses to manage my own investments, I think Fidelity is hard to beat. February 22, 2013
Rated 5 out of 5 by Another stellar product Have other accounts with Fidelity and am also very pleased with convenience, value, and customer service associated with this final product (IRA) August 22, 2016
Rated 4 out of 5 by Cust svc No assistance after the acct was set up or was any advice offered on what to do next. August 16, 2016
Rated 5 out of 5 by secure and reliable very friendly and knowledgeable-always available, return calls promptly August 16, 2016
Rated 4 out of 5 by Dependable, has my confidence. The only need for improvement: The MRD Estimate has been 0 from the inception of the account, and should be revised to indicate the true MRD. August 16, 2016
Rated 5 out of 5 by excellent customer service I love working with everyone at Fidelity. Monte is my favor person there. August 15, 2016
Rated 5 out of 5 by Growth Fidelity is great to work with because there are many options to suit your financial goals August 4, 2016
Rated 5 out of 5 by more flexibility It has only been a few months since I opened the IRA account and transferred my funds to Fidelity. Fidelity offers many more investment options than my previous financial institution - a bank where I was limited to CDs that now pay very low interest rates. July 26, 2016
Rated 5 out of 5 by Great customer service I'm very pleased with the help I received setting up my account. The woman I spoke with was very helpful and patient. July 25, 2016
Rated 5 out of 5 by Met with our Fidelity Rep. Our Fidelity Rep. offered good sound advise. He spoke clearly and in language that we could understand. Very kind, courteous and professional. July 25, 2016
Rated 5 out of 5 by I'm happy The website gives me the information I need with easy access. July 11, 2016
Rated 5 out of 5 by Great Company I've had my Fidelity account for years. They are consistently improving their services and I have yet to be disappointed. Customer service has always been very polite and they do actually follow up with you if you have any issues. July 11, 2016
Rated 5 out of 5 by Evaluation Wonderful experience. Professional treatment. Thanks! July 11, 2016
Rated 4 out of 5 by secure so far so good. I should have switched to Fideltiy July 6, 2016
Rated 4 out of 5 by REVIEW I like the Fidelity trader pro, although I think it could improve in some areas. Daily dashboard should provide GOLD and OIL prices as well as the indecies. certain details and research are not reflected in the mobile version and rewverse. It would be nice to have all the same info on both mobile and desk top. June 20, 2016
Rated 4 out of 5 by simple It's nice and clean and simple and inexpensive, which I appreciate. The bit of frustration is that since my wife and I are on assignment in London, it's not possible for us to link these new IRAs to each other's accounts (medallion signatures are very US-centric). So even though the rest of our accounts are linked, when we sign in we know we're missing the whole picture. We have a dozen Fidelity accounts--why we need to go through this torturous process every time we open a new account? June 13, 2016
Rated 2 out of 5 by NEW WEBSITE It needs a lot of IMPROVEMENTS which I have given FEEDBACK on several times in the past year, namely: (1) The LEFT COLUMN of ACCUNTS MOVES UP & DOWN when we scroll on MUTUAL FUND NAMES in POSITIONS PAGE. The LEFT COLUMN of ACCOUNT NAMES should be DECOUPLED. I have 47 accounts to manage, and this becomes a NUISSANCE. (2) on POSITIONS PAGE, the column of SYMBOLS should also allow us to SORT by NAMES of MUTUAL FUNDS (the previous version used to allow the same). (3) On POSITIONS PAGE, we should be able to SORT by 52-WEEK HIGH/LOW. This facilitates our TRADING DECISIONS. (4) On POSITIONS PAGE under customize if we select "EXPAND SECURITY NAME, it should retain that as a DEFAULT, unless we remove the default. Because of these many HANDICAPS, I would NOT recommend any fidelity accounts (BROKERAGE and/or RETIREMENT. June 8, 2016
Rated 3 out of 5 by retirement just a place to put my retirement money, nothing attractive June 8, 2016
Rated 4 out of 5 by convenient I like the online easiness of being able to access my account. June 8, 2016
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