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

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

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

$4.95 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.

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


Ready to get started?

Rated 4.3 out of 5 by 592 reviewers.
Rated 5 out of 5 by Good Value The Fidelity Traditional IRA is a good value. I can invest in any stock for just 7.95 per trade at my level of assets, and this is one of the lowest out there. When you consider how thorough Fidelity is in their business, dotting every "i" and crossing every "t", it's incredible that they can actually make money on these types of accounts. I trust Fidelity because they are so thorough. January 27, 2014
Rated 5 out of 5 by Appleseed The service by all of the staff is excellent. They are courteous, efficient and knowledgeable. There is both a breath and depth in all financial matters. As an older person, I find a friendly environment to conduct my financial affairs. January 27, 2014
Rated 5 out of 5 by Dependable Being over 701/2 I have to make the required distributions. I would like easy access to the factor each year. January 27, 2014
Rated 4 out of 5 by Fidelity Feedback I like all my Fidelity accounts, the offerings available and the great customer service. I am currently not contributing to my traditional IRA in order to build my cash position pre-retirement. January 27, 2014
Rated 5 out of 5 by Excellent but with a glitch Typing in the "Username", No Problem! Sliding down to Password", another site segment sometimes pops up resulting in the need to retype the "Username" and try and slide down to the "Password" again. Occasionally even the second try fails resulting in a second repeat. If one tries getting down to the "Password", "Tab"ing from the "Username", entry to the site is rejected. January 27, 2014
Rated 5 out of 5 by Great I am pleased with Fidelity thank you I would like to see the market to be more stabl January 27, 2014
Rated 4 out of 5 by Missing Feature Fidelity has so far has been a good company for handling my IRA; I do, however, have one complaint. When I make a yearly minimum required distribution (MRD) from my IRA account, there appears no simple automatic way to take from each fund an amount proportional to that fund’s value in the context in the total value of the account. Many 401K plans do this automatically when an MRD is requested, which make it simple to keep the 401K plan correctly balanced. January 27, 2014
Rated 1 out of 5 by Monitoring Since you asked, I find that no one ever goes over these small accounts to possibly suggested how my money can better serve me. January 27, 2014
Rated 5 out of 5 by RMD's Wish I didn't have so much trouble getting the amount for my RMD January 27, 2014
Rated 5 out of 5 by I like Fidelity Both my wife and I have our traditional and Roth IRA accounts with Fidelity. All of them are brokerage accounts. I like that the online access and trading are very easy, and the brokerage fee is low. But the most important thing for me may be how readily accessible customer service is. You always get to speak to a human being, who is invariably polite, knowledgeable, and helpful January 27, 2014
Rated 5 out of 5 by excellent I am very pleased with Fidelity service and ease of use. January 27, 2014
Rated 4 out of 5 by reliable Having a secure and reliable retirement account is important to me at this age. July 2, 2013
Rated 5 out of 5 by Fidelity Traditional IRA I am very pleased with the handling of my IRA. I feel it is in safe hands. June 28, 2013
Rated 5 out of 5 by Excellent Customer Service, Low Cost I moved all my accounts to Fidelity when my employer chose Fidelity for their 401k. I have used the low-cost index funds and ETFs. Whenever I have a question the customer service reps are extremely helpful and knowledgeable. June 28, 2013
Rated 3 out of 5 by Average IRA Offering While the IRA Fidelity pricing is average, there are not many IRA alternatives June 27, 2013
Rated 4 out of 5 by Great service, Great options I had my accounts with another brokerage. When the viability of that brokerage came in to question I went searching for a new one. Fidelity rose to the top for several reasons: Service, ability to talk to PEOPLE, investment options, and investment tools. The only thing I would change is make the web site more consistent with a unified design. It looks like it was implemented by 20-30 different groups, each with their own sense of style. June 27, 2013
Rated 3 out of 5 by Generally decent Some hits, some misses. Sometimes clueless folks, generally good. June 27, 2013
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 Very satisfactory. Having been a Fidelity customer for a number of years, I'm very satisfied with the service that they've provided. June 26, 2013
Rated 5 out of 5 by Convenient Very convenient. I use several of the tools but in particular the analysts opinions and morning star ratings. June 26, 2013
Rated 5 out of 5 by Fidelity® Traditional IRA Overall not too shabby. However, would like to see lower trading fees. 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 Suggestion for IRA Screen IRA account screen is well designed.Everything is there at first glance.For research you goy it all in the site.For the year end documents you can review ,read and print them easily. Simple instuctions to understand. I would like a column for personnal note on open position screen, so I can wtite reason to buy, when to sell and at what price to sell that particular security as I watch the screen. June 26, 2013
Rated 4 out of 5 by Good internet access with meaningful views and options for assessing performance I appreciate the improvements in the internet account views and the associated research options. Comparisons of mutual funds is getting better with the latest improvements. Withdrawal of funds is quick and easy with the electronic fund transfer options. June 26, 2013
Rated 5 out of 5 by Ease of use and access I have use other companies in the past for an IRA, this is easy to use. I can add to the account or review what I have on the web. June 26, 2013
Rated 4 out of 5 by Easy to maintain There is tons of infomation about retirement accounts, but Fidelity HP explains it as easy as reading ingridients label on the food package. Thank you. June 26, 2013
Rated 5 out of 5 by Rolls so smoothly ! My IRA with Fidelity rolls so smoothly that all I have to do is keep an eye on it! Thanks, Fidelity, for your professionalism and personalized service!! June 25, 2013
Rated 3 out of 5 by survey I would like an easy to read and understand simplified statement showing all fees and charges incurred with having my Fidelity IRA so a simple cost comparison could be made against other IRAs to find the best values. June 25, 2013
Rated 3 out of 5 by ira Be more about what the customer wants instead your of products June 25, 2013
Rated 5 out of 5 by Moving funds is easy Using Fidelity tools to move funds into and out of the IRA is easy. I also like the cash being distributed to FDIC insured accounts. June 25, 2013
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