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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.

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Compare Traditional and Roth IRAs

Tax Advantages

Contributions	Tax-deductible contributions¹
Earnings	Any earnings grow federal income tax-deferred.
Withdrawals	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

Contributions

Tax-deductible contributions¹

Earnings

Any earnings grow federal income tax-deferred.

Withdrawals

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

Eligibility²	Individuals less than 70½ years of age Must have employment compensation
Maximum contribution	2016 and 2017: $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

Fees

Account opening and annual maintenance fees	None* *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	$4.95 for online U.S. equity trades

Account opening and annual maintenance fees

None*

*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

$4.95 for online U.S. equity trades