Traditional IRA
A traditional IRA can be a great way to save for retirement since potential earnings grow tax deferred, and your contributions may be tax deductible.1
With Fidelity, you have a broad range of investment options, including options to have us manage your money for you. You'll get exceptional service as well as planning and guidance support.
| Tax benefits |
If you're within the IRS income limits, you may be able to deduct all or part of your contributions from your federal taxes.1 |
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| Access to your money |
You can take penalty-free withdrawals for certain expenses, such as a first home purchase, birth, adoption, or college expenses.2 |
| Flexibility |
As long as you are still working, you never have to stop contributing to a traditional IRA, and you can contribute to an IRA in addition to your 401(k).1 |
Why you may want to consider other options
You may want to compare the benefits of a traditional IRA and a Roth IRA, since potential earnings of a Roth grow tax-free and might allow you to save more. You can use our IRA Contribution Calculator to find out how much you may be able to contribute.
Step 2: Decide if you want to manage the investments in your IRA, or have us do it for you
Step 2: Decide if you want to manage the investments in your IRA, or have us do it for you
| Fidelity traditional IRA | Fidelity Go® traditional IRA | Fidelity® Personalized Planning & Advice traditional IRA3 | |
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| Investment management |
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| Planning & guidance |
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| Minimums |
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| Fees |
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Advisory fee6
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| Support |
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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 |
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Don't forget these important steps
Once you get your account set up, what's next?
For a Fidelity traditional 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® traditional IRA or Fidelity® Personalized Planning & Advice traditional 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!
