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 and great rates on cash3

Tax-deductible contributions4


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*


No age limit as long as an individual has employment compensation

Maximum contribution

2019: $6,000 ($7,000 if age 50 or older)
2020: $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?