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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.

Reasons to consider a Traditional IRA

  • Earnings grow federal income tax-deferred
  • Penalty-free withdrawals for first home purchase and certain college expenses
  • Tools, ideas, and strategies to help you prepare for your retirement

Get started now


Tax-deductible contributions1


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 and certain college expenses

Minimum required distributions (MRDs) starting at age 70½


Individuals less than 70½ years of age

Must have employment compensation

Maximum contribution

2015 and 2016: $5,500 ($6,500 if age 50 or older)

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

Account opening and annual maintenance fees


*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

$7.95 for online U.S. equity trades

More information

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

Roth vs. Traditional IRA Evaluator
Answer a few questions to find out which type of IRA is right for you.

Rev up your readiness to retire
Fidelity study finds more than half of Americans at risk. Consider six steps to get on track.

IRA Checklist
Follow these three steps to open a new IRA or transfer an IRA from another provider to Fidelity.

Rated 4.3 out of 5 by 529 reviewers.
Rated 5 out of 5 by Easy for research I like the ease of use. You can research various funds/stocks before you invest. It is easy to view and move between the screens. When I have had to call/inquire about my account, the info has been spot on. January 12, 2016
Rated 5 out of 5 by Great telephone support I am happy with the Fidelity IRA. The range of investment options is good. Costs are low. Especially good is the telephone support by Fidelity representatives. January 7, 2016
Rated 5 out of 5 by Fidelity is the Best Fidelity has something for everyone. There is no need to look anywhere else for investment products. Mutual Funds, ETFs, Stocks, Index Funds, whatever you need Fidelity can provide. Their website is easy to use and their monthly statements are easy to read. Having all of my accounts at Fidelity helps with seeing the whole picture of my assets, and whether or not I'm keeping within the stock/bond allocation that I'm comfortable with. While the new monthly statement contains additional helpful info, I miss not seeing the value of each of my positions at the beginning and end of the month instead of just seeing that at the account level. Adding a percent of increase/decrease for each position would also be beneficial. December 14, 2015
Rated 5 out of 5 by Everything is here Everything is great: - all types of accounts - services - website - feeling of security - reliability - people - etc. August 3, 2015
Rated 5 out of 5 by IRA Review This IRA is easy to navigate, extremely easy to process distributions and the ability to transfer money electronically to an outside account is a BIG advantage. December 18, 2014
Rated 5 out of 5 by Reliability and Service Fidelity has a excellent display of information for a person to look at its IRA for him/her to administer by one's own initiative or with the help/guidance of a Fidelity representative that is very knowledgeable that keeps you updated and well informed. July 22, 2014
Rated 5 out of 5 by Good selection of funds Fidelity is one of the largest retirement planning companies, and with their prominent size comes a wide selection of mutual funds and brokerage services for my IRA. I liked the research tools that compare fund performance and fees, with clear recommendations via fund picks. Contributions are easy to make. I'm happy with the Fidelity IRA offerings. July 1, 2014
Rated 5 out of 5 by Financial Empowerment Fidelity's website has all the research there for you so you can feel confident making an informed decision. I spoke to an investment professional who guided me when I wanted to diversify. When I traded/sold it was easy to connect to my bank account, no cost and efficient. January 29, 2014
Rated 5 out of 5 by Mr Great support staff, and one of the best web sites made this my number one investment choice. Fidelity meets all expectations with answering questions , follow up and support from staff. This is my first try of an on line investment company, and fidelity has been a positive example of doing things right. Many on line services are hard to get any personal service when things go wrong, but Fidelity Investments is fantastic. Would recommend to all my friends and family. January 29, 2014
Rated 5 out of 5 by My IRA at fidelity I love my Fidelity IRA. I can access it easily, it is secure and I can see how my investments are doing over time and day to day. I have been very happy with the service provided by Fidelity, the cost of the account, the price of trades and the depth of information available to research positions. The research information is probably the strongest asset of the account. I do not need to buy a position in order to research its performance. The trades are done quickly, I can access information any time I like, and I can call an account representative if I have a question. Their service over the years has been outstanding. I have had absolutely no complaints about Fidelity. June 26, 2013
Rated 5 out of 5 by Great online research resources Super representatives and great online research resources. Customer service is always ready to help and very accommodating. All assets have been transferred to Fidelity because they exceed in all areas. Left a broker offering free trades for the convenience, research and customer service I get from of Fidelity. June 26, 2013
Rated 5 out of 5 by Fidelity Traditional IRA I have been a Fidelity customer for about 20 years. I have rolled over all my 401K money from my prior employers into a Fidelity Traditional IRA. You have excellent asset allocation tools, thousands of no load mutual funds and even a very good selection of no transaction fee ETF's to choose from. For someone like me who chooses to manage my own investments, I think Fidelity is hard to beat. February 22, 2013
Rated 4 out of 5 by Need ability to sell Call Options The fidelity IRA is outstanding, I am a strong user of the platform and I think the Active TraderPro is outstanding. But for the IRA we need the ability to sell Call options not just covered calls. This option should be presented to experienced traders. May 2, 2016
Rated 5 out of 5 by Trust and prosperity Great programs that support investing wisely. Good incentives to transfer in funds. Most important to me was my advisor, who is very knowledgable and gets the job done when I need help. He is the reason that I have consolidated funds from other investment firms to Fidelity. I trust Fidelity and my representative. May 1, 2016
Rated 5 out of 5 by QUITE PLEASED I've been online with Fidelity for quite awhile now. Frankly, I like the entire website. It is easy to use, informative and the research available is great. I will continue to use it and upon pending retirement I will access it even more frequently. April 26, 2016
Rated 5 out of 5 by No worries IRA Both in person and online availability, ease of online transactions and Fidelity offerings to keep you up to date on your accounts and retirement goals. April 25, 2016
Rated 5 out of 5 by Accountable and diligent Your choice of staff gives me confidence in the continuing care of my account! April 17, 2016
Rated 5 out of 5 by Easy access I am pleased with Fidelity IRA. I have only had it for a short time. April 13, 2016
Rated 5 out of 5 by satisfied Very satisfied with overall objective. Hope the market continues in its current way. April 11, 2016
Rated 5 out of 5 by easy to trade and execute distributions I find the Fidelity website easy to use for trading, distributions and research. March 28, 2016
Rated 5 out of 5 by Office advisor The advisor I ended up with was very helpful in making choices about my investments and respected my concerns. The person I was supposed to meet with did not sound very respectful of my positions and I was very glad he got ill and I ended up with someone else. I am only rating the person I met with. He was also very helpful with the paperwork. March 28, 2016
Rated 5 out of 5 by Appropriate and informative Excellent, not "dumbed-down" or "overly complex" given the ability to provide too much info to those without a PhD or MBA in business. March 28, 2016
Rated 4 out of 5 by Good IRA's with Moderate Fees Fidelity offers a wide variety of IRA choices with excellent customer support. Fees are moderate. March 28, 2016
Rated 5 out of 5 by Providing Everthing Necessary For Our Investment Needs After searching for many years to find investment professionals that we could trust, we struck gold with Fidelity. They offer all forms of investments at fair prices. With patient & expert guidance to help explain our options and point us in the right direction Along with a fabulous easy to navigate website with all the information we need right at our fingertips. We now feel very secure knowing that our investments are in the right place as we near retirement. March 21, 2016
Rated 4 out of 5 by easy access I like the fact that your customer service is extremely friendly and helpful, along with being able to make transactions on line. March 14, 2016
Rated 2 out of 5 by No value-add Gary was not as helpful as I had wanted - he seemed rushed and not allowing me to explain my situation - he skipped around and did not provide step by step guidance I was seeking. I am still confused on the EFT process to deposit into my ROTH IRA and if there are any restrictions for my contributions since I am a HCE in my employer 401k plan. March 8, 2016
Rated 5 out of 5 by Traditional IRA Fidelity® Traditional IRA I have had my account for over a year. And love all the tools for doing your own research. Making a portfolio of your own likes and dislikes. You can be in total control of your investments, which I prefer. Or you can get a Fidelity agent to work with you advising. Any questions you may have about a online trade you have made and have a question help is just a chat online or a phone call away. Very pleased with them. And your own online trades are just $7.95 per transaction. And print out all documents for your own record file February 24, 2016
Rated 5 out of 5 by Easy to manage My experience has been that Fidelity IRA's, both Traditional and Roth accounts, are easy to manage via the internet. I have recently started receiving monthly distributions, via direct deposit to my bank account, to satisfy Required Minimum Distributions from my Traditional IRA. February 21, 2016
Rated 4 out of 5 by Great Research Tools I very rarely utilize Customer Service. Not quite sure what Fidelity's Customer Service provides! February 15, 2016
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ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.

1. For a Traditional IRA, full deductibility of a contribution for 2015 is available to active participants whose 2015 Modified Adjusted Gross Income (MAGI) is $98,000 or less (joint) and $61,000 or less (single); partial deductibility for MAGI up to $118,000 (joint) and $71,000 (single). In addition, full deductibility of a contribution is available for working or nonworking spouses who are not covered by an employer-sponsored plan whose MAGI is less than $183,000 for 2015; partial deductibility for MAGI up to $193,000. For 2016 full deductibility of a contribution is available to active participants whose 2016 Modified Adjusted Gross Income (MAGI) is $98,000 or less (joint) and $61,000 or less (single); partial deductibility for MAGI up to $118,000 (joint) and $71,000 (single). In addition, full deductibility of a contribution is available for working or nonworking spouses who are not covered by an employer-sponsored plan whose MAGI is less than $184,000 for 2016; partial deductibility for MAGI up to $194,000.
2. You must be at least 18 to open an IRA at Fidelity.
3. $7.95 commission applies to online U.S. equity trades in a Fidelity account with a minimum opening balance of $2,500 for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (of between $0.01 to $0.03 per $1000 of principal). Other conditions may apply. See Fidelity.com/commissions for details.
The initial customer ratings and reviews for this product (those dated before 3/16/2012) were provided to Fidelity through an email solicitation for feedback on the product. All ratings and reviews are provided to Fidelity on a voluntary basis and are screened in accordance with the guidelines set forth in our Customer Ratings and Reviews Terms of Use. For additional information on which ratings and reviews may be posted, please refer to our Customer Ratings and Reviews Terms of Use. Featured reviews have been selected based on subjective criteria and reviewed by Fidelity Investments. The average rating is determined by calculating the mathematical average of all ratings that are approved for posting per the Customer Ratings and Reviews Terms of use and does not include any ratings that did not meet the guidelines and were therefore not posted. Ratings and reviews are added continuously to the website (after a delay for screening against guidelines) and average ratings are updated dynamically as reviews are added or removed.
The ratings and experiences of customers may not be representative of the experiences of all customers or investors and is not indicative of future success. The accuracy of information included in the customer ratings and reviews cannot be guaranteed by Fidelity Investments. Customers who post ratings may be responsible for disclosing whether they have a financial interest or conflict in submitting a rating and review.
Please contact a Fidelity representative if you have additional questions or concerns about the ratings and reviews posted here.