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)

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


*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 568 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 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
Rated 5 out of 5 by reliable, easy,comfortable. Overall experience was very good, easy and felt comfortable. September 15, 2016
Rated 5 out of 5 by Very convenient Fidelity provides a great handle to manage IRA account. I love it. September 13, 2016
Rated 5 out of 5 by secure and reliable financial advisors are very helpful and courteous and professional. September 6, 2016
Rated 3 out of 5 by Roth I am still unclear about my ability to do backdoor Roth IRA conversions of a traditional IRA. Not clear to me what the tax issues are. Need help but didn't get it from the folks I talked to last year. September 6, 2016
Rated 5 out of 5 by confident The staff and phone support have been amazing. Fidelity has exceeded my expectations. September 6, 2016
Rated 5 out of 5 by Steady Easy webpage to follow and quick response to your investments. September 6, 2016
Rated 3 out of 5 by My IRA account I was and I still am very displeased with the communication and customer service aspects of my account. Very poor communication and assistance from the very start. September 6, 2016
Rated 4 out of 5 by reliable and secure Only with this account have I had any dealings with someone at Fidelity who answered all my questions patiently and with great compassion. My husband has just passed and I know nothing about handling his accounts. The lady I spoke to was knowledgeable and knew what I was asking was because I have to learn what to do in regard to my money. September 6, 2016
Rated 5 out of 5 by I like the effectiveness Every time I call Fidelity, I know I will get my issue taken care of the first time. August 31, 2016
Rated 5 out of 5 by Student Ana G I am very confortable with my account. Every time that I need immediate attention I have a some body with experience that bring me immediate attention and give personal information of product and service I am looking for. August 30, 2016
Rated 5 out of 5 by Great Service Fidelity is a far better company to invest with. I have tried other companies and I like the customer service Fidelity has. August 30, 2016
Rated 4 out of 5 by Secure and reliable. A comprehensive service I am happy with the value and convenience. I would recommend the service to my friends August 30, 2016
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
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