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.

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Step 1: Confirm this IRA is right for you

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

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. 


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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
Investment management
  • You are responsible for choosing and managing your investments
  • We choose and manage your investments using your goals and risk tolerance in this digital account
  • We choose and manage your investments using your goals and risk tolerance in this digital account
Planning & guidance
  • Access to robust planning tools, and support from a Fidelity representative as needed4
  • Access to robust planning tools, and support from a Fidelity advisor as needed4
  • Access to robust planning tools plus 1-on-1 coaching from a dedicated team of Fidelity advisors4 on a variety of financial topics
Minimums
  • No minimum to open an account5
  • No minimum to open an account6
  • $25,000 managed minimum across Personalized Planning & Advice accounts7
Fees
  • No account5 or advisory fees with this type of retail account
  • Depending on which investments you choose, there may be underlying fees
Advisory fee6
  • $0 for under $10,000
  • $3/mo for $10,000–$49,999
  • 0.35%/yr for $50,000 and above
  • No additional underlying fees for investments (invests in zero expense ratio Fidelity mutual funds)
  • 0.50%/yr advisory fee
  • No additional underlying fees for investments (invests in zero expense ratio Fidelity mutual funds)
Support
  • Thought leadership, research, 24/7 customer service
  • Thought leadership, research, 24/7 customer service
  • Thought leadership, research, 24/7 customer service
 


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

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!

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