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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 465 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 1 out of 5 by Website Entire Fidelity website is too complicated, too difficult toi navigate. June 30, 2015
Rated 5 out of 5 by z Fidelity provides a great service. I am totally satisfied June 22, 2015
Rated 5 out of 5 by Secure, reliable and easy to access My Fidelity Traditional Ira account provide me with so much investment information and great tips on how to manage my investments. I feel very confident in the research information as well as the learning center. The news and updates on my portfolio to keep me abreast of certain changes are invaluable. Thank you for all you do!!! June 22, 2015
Rated 5 out of 5 by Ira Review Easy and convenient of transfer from employer reirement plan June 16, 2015
Rated 5 out of 5 by Great IRA I opened an IRA (standard) for 2014 with Fidelity. It was simple, easy forms and was set up in no time. I'm having my son transfer his old 401(k) funds into one of his own June 9, 2015
Rated 5 out of 5 by Much better than previous carrier. I previously held my funds with another carrier. I really appreciate the transparency that Fidelity offers. I now have access to so much more information-- information that will hopefully translate into not just a more informative experience, but a more profitable one, as well. June 8, 2015
Rated 2 out of 5 by Who Am I? You don't know who I am. You've changed my investment counselor and never informed me. I've had to contact Fidelity twice by phone to inquire why my dividends were still being reinvested when I changed that upon joining Fidelity. I've had to contact Fidelity twice by phone then twice by written request to set up a transfer funds account with my bank. The $600 sign on bonus was not forthcoming when I opened my account. That took more shepherding by me. I'm not impressed. May 18, 2015
Rated 5 out of 5 by Excellent in every way I have always handled my IRA's as self directed and Fidelity makes it very easy and convenient to do this. On the rare occasions when I had questions about something the customer reps were readily available and extremely helpful. Fidelity has a large number of mutual funds allocate the total of the IRA to and it is very simple and easy to transfer between the funds if/when I desire to do this. May 18, 2015
Rated 5 out of 5 by Easy and Excellent Service Fidelity did it all for me. Set it up and made it happen. 100% pleased with Fidelity customer service. May 18, 2015
Rated 5 out of 5 by IRA Brokerage account Fidelity is consistent across the board, as usual. May 12, 2015
Rated 1 out of 5 by Too many barriers While the investment options in Fidelity IRAs are great, the fees involved, and the difficulties of using their clunky and unreliable website just aren't worth it. May 11, 2015
Rated 4 out of 5 by secure and trustworthy fidelity has done exactly what was agreed in transferring acts. however when granted free trades , their no way to know how many trades are left and appropriate time-lapse?? May 11, 2015
Rated 5 out of 5 by Open and accessible Good, accessible and convenient. Good service representives. May 5, 2015
Rated 5 out of 5 by Good Service Person I spoke to was very pleasant and explained every detail as to what was taking place with my trades. Could not have asked for better service. May 4, 2015
Rated 3 out of 5 by Issues 1) A simple request to stop two identical emails was met with bureaucratic nonsense. 2) I ask for the home page to better reflect my needs and was told: yes, we're working on it; someday it might happen. 3) While I really like my account manager, he only sets up the initial accounts; any real help will require additional fees. Lots of people will do this for 1%. May 4, 2015
Rated 5 out of 5 by Fidelity IRA Having transferred funds from another brokerage, I opened an IRA account to hold these funds. The process was quite simple and convenient. All transactions have been handled seamlessly. My hat is off for a job well done. April 28, 2015
Rated 4 out of 5 by Helpful and dependable Good info behind their products. Makes it east for us aging folk. Willing to give good info to people with small accounts. April 27, 2015
Rated 4 out of 5 by Easy to follow The Fidelity website is easy to navigate to find the latest information. My account representative is easily accessible. April 27, 2015
Rated 5 out of 5 by The Gold Standard Fidelity represents an exceptional value and is the gold standard for customer service. April 27, 2015
Rated 2 out of 5 by Discouraged I'm considering moving my money based completely on how user unfriendly your website is. It is difficult to get into, impossible to understand and then equally impossible to get help on the phone. Nothing like having money somewhere and don't have any access to it. I'm interested in investing but goodness knows I won't be able to get anybody to help me. I called one time and they told me I'd have to call back and talk to somebody else. ???? The only positive I have is that the last person I spoke to was helpful and apologetic and very courteous. Just took me three days to get to talk to him. April 14, 2015
Rated 5 out of 5 by 100% Flexibility Fidelity's wide array of investments (funds, ETFs, CDs) combined with its superlative online brokerage account services and advice, provides 100% flexibility in my financial planning. April 11, 2015
Rated 5 out of 5 by Fidelity IRA Great service. Everyone is very happy & helpful. The pricing seems fair. April 7, 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.