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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 Required minimum distributions (RMDs) 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

Required minimum distributions (RMDs) starting at age 70½

Account Features

Eligibility²	Individuals less than 70½ years of age Must have employment compensation
Maximum contribution	2017 and 2018: $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	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 opening cost or annual fee for Fidelity's Traditional, Roth, SEP, SIMPLE, and rollover IRAs. Fund investments held in your account may be subject to management 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