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

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Contributions

Tax-deductible contributions1

Earnings

Any earnings grow federal income tax-deferred.

Withdrawals

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

Eligibility2

Individuals less than 70½ years of age

Must have employment compensation

Maximum contribution

2016 and 2017: $5,500 ($6,500 if age 50 or older)

Minimum investment

There is no minimum to open the account

Certain investments, like mutual funds, require a minimum initial investment

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

None*


*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

$4.95 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.

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Rated 4.3 out of 5 by 592 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 Best In Class You will not find a better financial services partner than Fidelity ! January 31, 2017
Rated 5 out of 5 by good so far Sending info regularly is good. Everyone has been professional & helpful. January 24, 2017
Rated 2 out of 5 by no help ira only got 1 call in a year since I transferred a large amount to Fidelity . January 24, 2017
Rated 5 out of 5 by I love fidelity I am new to investing and wanted the ability to pick and manage my equities. Now I have access to world class websites, apps on my phone, research, and education. I am watching my investments grow, and enjoying learning about this field. January 9, 2017
Rated 3 out of 5 by disappointed I am disappointed in the interactions with staff. They make me feel like just another number and treat as an investing dummy. When I go into the office I feel like I'm bothering them. January 2, 2017
Rated 4 out of 5 by IRA The only problem I have is that Fidelity is the only company I know of who doesn't do their monthly statement as of the end of the month. It makes your statements almost useless. January 2, 2017
Rated 4 out of 5 by Traditional IRA I have own an IRA for more than fifty years and I find them to be mostly the same. I inherited the IRA and I have not decided if I will keep it or roll it over into my existing IRA. I will evaluated both IRA's at the end of the year. I do not have enough information to recommend this IRA to family or friend. December 21, 2016
Rated 5 out of 5 by Flexible and User Friendly I have always been appreciative of the multiple options available in the Fidelity IRA-- research, options, short sales, precious metals, etc. The service is outstanding and the commission rices are reasonable. December 16, 2016
Rated 5 out of 5 by IRA Review Five Stars***** I have been with Fidelity for nearly one year, self-directing my IRA investment. Having been with two other money managers in the recent past, it is a pleasure and also easy to work within the Fidelity investment options. Not much time needed to learn to navigate the website. December 15, 2016
Rated 5 out of 5 by Fidelity Services Great Acct. represenatives,and great customer service in all areas of investing December 13, 2016
Rated 5 out of 5 by Outstanding Service We consolidated numerous accounts in other institutions last summer so we could have better control and information. We are pleased with our decision and very happy with Fidelity Investments. December 13, 2016
Rated 5 out of 5 by Secure and Reliable Financial transactions are easy and reliable. I would like to be able to see more than one year of performance history. December 13, 2016
Rated 5 out of 5 by Professional and Responsive Quick to respond and excellent follow through. Thanks for recognizing my problem and solving it. December 13, 2016
Rated 4 out of 5 by IRA performance review The folks at Fidelity meet all my expectations and more. Great group of people to work with. December 7, 2016
Rated 5 out of 5 by Reliable Extremely happy with service and agent. Maintains my future. November 28, 2016
Rated 1 out of 5 by Strong start, very weak finish. While initiating a transfer into Fidelity, the first steps were from a seemingly energetic team. Once in process, the energy and contact dropped to almost non-existent levels. Very poor follow-up. November 28, 2016
Rated 5 out of 5 by So Far So Good I've been with Fidelity almost 12 months now. I've had several issues to resolve with customer service and both their phone and online chat support have been very helpful. Associates are always good at providing answers and solving my problems. The website is pretty good also... lots of tools to research different strategies for stocks, ETFs, fixed income. November 22, 2016
Rated 2 out of 5 by INCOME STATISTICS There is no way I can determine how much income it will generate. What good is having an IRA if I must maintain a spreadsheet to keep track of how much income my account generates. Please add estimated monthly & annual income to all "POSITIONS". Rate would be nice also. Also, having the ability to print a "NET WORTH STATEMENT" would be invaluable. All the info is in "FULL VIEW" but not collected in one statement with printing ability. November 22, 2016
Rated 2 out of 5 by Not user friendly I've used Fidelity for a while. Years ago it was easy to manage your own IRA and make any changes or swap funds. There were tools that told what needed fixing or changing and you could easily click short-cut links to get that done. Today, all I can manage to do is look at it and do nothing else. The website is confusing and no longer quickly shows the % yield nor explains how to change or fix what is wrong. I even see a notice my beneficiaries are "missing" but when I click the link everything looks fine to me. It is confusing and unhelpful. November 14, 2016
Rated 5 out of 5 by Excellent choice Customer service and convenience couldn't be better. Advise given was excellent. Couldn't be happier! November 14, 2016
Rated 2 out of 5 by Setup Automatic Transfer from 403-B Please setup an automatic transfer from my 403-B to my Traditional IRA. I waste 20-30 minutes twice monthly to make these transfers November 9, 2016
Rated 4 out of 5 by Fall 2016 The effect of the changes made earlier this year will take time to gauge their effectiveness. The support that we have received has truly been exceptional. November 7, 2016
Rated 4 out of 5 by Feel very safe Fidelity has a wide range of funds to choose from, and I feel confident that they are managed well. November 3, 2016
Rated 4 out of 5 by 2016 update contact should interest and listened to what I needed October 24, 2016
Rated 3 out of 5 by OK Could be better than it is and I could help you with this September 21, 2016
Rated 5 out of 5 by Great account platform....a value. I have maintained accounts at a major wire house for over 30 years paying substantial fees. This platform is very user friendly with many great features to manage assets as well move money as needed. It has state of the art features for a self directed account. September 21, 2016
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