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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.

Tax advantages


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

Account features


Individuals less than 70½ years of age

Must have employment compensation

Maximum contribution

2014 and 2015: $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

Rated 4.3 out of 5 by 488 reviewers.
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 Good selection of funds Fidelity is one of the largest retirement planning companies, and with their prominent size comes a wide selection of mutual funds and brokerage services for my IRA. I liked the research tools that compare fund performance and fees, with clear recommendations via fund picks. Contributions are easy to make. I'm happy with the Fidelity IRA offerings. July 1, 2014
Rated 5 out of 5 by Financial Empowerment Fidelity's website has all the research there for you so you can feel confident making an informed decision. I spoke to an investment professional who guided me when I wanted to diversify. When I traded/sold it was easy to connect to my bank account, no cost and efficient. January 29, 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 3 out of 5 by Need more information about fund choices Wish I could talk to a rep at Fidelity about better choices regarding retirement funds for a late 50's investor. October 4, 2015
Rated 5 out of 5 by Secure and Easy It is so easy working with Fidelity. I trust them and find their web site easy to navigate. October 1, 2015
Rated 4 out of 5 by Good offerings, reasonable costs, excellent customer service I have been happy overall with Fidelity's Traditional IRA. The offering are good with reasonable costs, and with excellent customer service. September 30, 2015
Rated 5 out of 5 by Love My IRA Easy to contribute money. All the investment options one could want. September 15, 2015
Rated 5 out of 5 by Excellent service! I've been with Fidelity for a very long time and their accuracy, documentation, and service have been excellent! September 11, 2015
Rated 1 out of 5 by Proprietary 60 Day Mutual Fund REDEMPTION FEES In spite of virtually all Mutual Fund families doing away with their, once popular, 30-Day Redemption Fees, FIDELITY imposes a PROPRIETARY 60 Day REDEMPTION FEE, even on exchanges made between funds in the same fund family, even in fund families who have NO Redemption Fee in their prospectus. Fidelity even imposes this 60-Day fee on funds on their NTF ("No Transaction Fee") List. When you limit LIQUIDITY, you only serve to limit the usefulness of the Mutual Fund, not to mention Fidelity's On Line trading platform for the serious investor. One can only hope that Fidelity will re-think the merits of this policy and eliminate their 60-Day Proprietary Redemption Fee, much as their OnLine competitors have done. Frustrating! September 9, 2015
Rated 4 out of 5 by Great Service We have had a very positive experience with Fidelity. August 24, 2015
Rated 5 out of 5 by Satisfied so far I'm relatively new to Fidelity but have been navigating my IRA without problems for the most part. August 10, 2015
Rated 5 out of 5 by Secure Fidelity provides all kinds of account management options as well as investment tools and education for DIY. August 10, 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 Superb service, easy to navigate websites with professional advice if needed. August 3, 2015
Rated 5 out of 5 by Comfort level My representative is nothing short of amazing. He is knowledgeable about all Fidelity products and presented them in a clear and concise manner. August 1, 2015
Rated 4 out of 5 by Can usually work with it. I have some trouble contacting my account representaive. She never seems to be taling calls. I leave messages and she takes too much time to respond to them. July 31, 2015
Rated 5 out of 5 by Great customer service I have had my IRA investment account at Fidelity for a year now. I have had occasion to use the traders through customer service several times. Every time, the traders have been very helpful, assisting me with my account, always removing the fee so it would charge me only the online trading fee. The same is true for foreign stocks. Placed the trade for me at the online rate. Very helpful. July 29, 2015
Rated 3 out of 5 by N/A I was very disapointed to find that the agent I opened my account with left the company and I had no idea till I called to check with him on something and they told me he no longer worked there. WOW not great customer service I would say. July 21, 2015
Rated 5 out of 5 by convenience I find it easy to use particularly the classic site. Please continue supporting the classic site July 13, 2015
Rated 2 out of 5 by What help Once I put my money into a savings account the good help stopped. I ended picking my accounts by the number of stars with no clue if they are good for retiring in 5 years or not. Your web page is good and i have had no trouble seeing my invoice, but I don't think I would ever call and ask for help again. Which means if I want to talk to someone it will probably not be Fidelity. I transferred around 40,000 dollars and it may not be much to you but it is a heck of a lot of money to me. July 12, 2015
Rated 5 out of 5 by Why did it take me so long? After years of managing our IRA's through a "full" service broker I decided to go back to Fidelity. Before retirement I had an account through my employer. I was always impressed with the service. The educational tools are very useful and the trading platform is wonderful. And finally the savings on trade costs is exceptional. My only regret is not doing it 15 years ago! July 12, 2015
Rated 5 out of 5 by Nice and Easy I like the tradional IRA because it's Online accessible, Easy to manage and great customer care. July 11, 2015
Rated 4 out of 5 by Cost Basis It would be nice if Fidelity also included in the "Total" the totaled "Cost Basis" amount (and the same goes for Individual accounts!!) July 9, 2015
Rated 5 out of 5 by Outstanding IRA I love the flexibility I have to invest my funds in an almost unlimited number of possibilities. I also appreciate the excellent customer service provided by the Fidelity representative in Austin. July 9, 2015
Rated 4 out of 5 by secure good brokerage firm. good website. easy to do trade. July 8, 2015
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ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.

1. For a Traditional IRA, full deductibility of a contribution for 2014 is available to active participants whose 2014 Modified Adjusted Gross Income (MAGI) is $96,000 or less (joint) and $60,000 or less (single); partial deductibility for MAGI up to $116,000 (joint) and $70,000 (single). In addition, full deductibility of a contribution is available for working or nonworking spouses who are not covered by an employer-sponsored plan whose MAGI is less than $181,000 for 2014; partial deductibility for MAGI up to $191,000. For 2015 full deductibility of a contribution is available to active participants whose 2015 Modified Adjusted Gross Income (MAGI) is $98,000 or less (joint) and $61,000 or less (single); partial deductibility for MAGI up to $118,000 (joint) and $71,000 (single). In addition, full deductibility of a contribution is available for working or nonworking spouses who are not covered by an employer-sponsored plan whose MAGI is less than $183,000 for 2015; partial deductibility for MAGI up to $193,000.
2. You must be at least 18 to open an IRA at Fidelity.
3. $7.95 commission applies to online U.S. equity trades in a Fidelity account with a minimum opening balance of $2,500 for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (of between $0.01 to $0.03 per $1000 of principal). Other conditions may apply. See Fidelity.com/commissions for details.
The initial customer ratings and reviews for this product (those dated before 3/16/2012) were provided to Fidelity through an email solicitation for feedback on the product. All ratings and reviews are provided to Fidelity on a voluntary basis and are screened in accordance with the guidelines set forth in our Customer Ratings and Reviews Terms of Use. For additional information on which ratings and reviews may be posted, please refer to our Customer Ratings and Reviews Terms of Use. Featured reviews have been selected based on subjective criteria and reviewed by Fidelity Investments. The average rating is determined by calculating the mathematical average of all ratings that are approved for posting per the Customer Ratings and Reviews Terms of use and does not include any ratings that did not meet the guidelines and were therefore not posted. Ratings and reviews are added continuously to the website (after a delay for screening against guidelines) and average ratings are updated dynamically as reviews are added or removed.
The ratings and experiences of customers may not be representative of the experiences of all customers or investors and is not indicative of future success. The accuracy of information included in the customer ratings and reviews cannot be guaranteed by Fidelity Investments. Customers who post ratings may be responsible for disclosing whether they have a financial interest or conflict in submitting a rating and review.
Please contact a Fidelity representative if you have additional questions or concerns about the ratings and reviews posted here.