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.

Why choose a Fidelity traditional IRA?

  • No account fees or minimums to open an account1
  • Earnings grow federal income tax-deferred
  • Help choosing from a wide range of investment options
  • Commission-free trades2

Tax-deductible contributions3


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, birth, adoption and certain college expenses.

Required minimum distributions (RMDs) starting at age 72*


Starting in 2020, as long as you are still working, there is no age limit to be able to contribute to a Traditional IRA. The Secure Act, signed into law on December 20, 2019, removed the age limit in which an individual can contribute to an IRA. The top age prior to the law was 70½.

Maximum contribution

2020: $6,000 ($7,000 if age 50 or older)
2021: $6,000 ($7,000 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

Account fees

There are no opening, closing or annual fees for Fidelity's traditional, Roth, SEP, SIMPLE and rollover IRA's.1

Trading fees2

$0 commission for online US stock, ETF, and option trades

More information

Learn about IRAs
Get the basics, from choosing investments to taking minimum required distributions (MRDs).

IRA Contribution Calculator
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.

Ready to get started?