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 4 out of 5 by Great, but.... I really have only 1 complaint about my Fidelity IRA....the fact that I can't sell cash covered puts. Other than that, I very highly recommend Fidelity for your IRA. June 25, 2013
Rated 5 out of 5 by Traditional IRA We are very happy with our IRA's. We slone are responsible for the decisions and llove the no annual fee. Customer service is quick and helpful. June 24, 2013
Rated 5 out of 5 by Reliable and Flexible Within the confines of Federal Regulations Fidelity does a great job in the flexibility of managing my own IRA. It is easy to set up the required withdrawals when reaching age 70 1/2. All the guesswork is taken out of the minimum amount required to withdraw and options what to do with the withdrawal and the timing required to avoid tax penalties. Online trading is simple, inexpensive and Fidelity continues to supply adequate option for research. June 24, 2013
Rated 4 out of 5 by Holding out for the future It was fairly easy to transfer my IRA to Fidelity. Fidelity has a clear definition to the fees for each fund. It also tracks where the investments stand from the last close and from purchase with percentages. June 24, 2013
Rated 5 out of 5 by reliable and easy to invest I really do not have much to add. I am very happy with Fidelity June 24, 2013
Rated 5 out of 5 by Great Very pleased with Fidelity. Good access to products. Reasonably priced service. June 24, 2013
Rated 4 out of 5 by Almost Perfect You have an excellent system, but there's a few missing things. Most of all, it would be real good to have iPad support, no more dependencies on Microsoft-only charting or on Adobe Flash content. June 24, 2013
Rated 4 out of 5 by Accessible and Helpful The website and mobile apps are easily navigable and offer useful information in making investment decisions. Trades are prompt and information about account status timely. June 24, 2013
Rated 5 out of 5 by Love this- have Abigail give you raises! Easy and ecomical trading platform! This format has made managing my own Ira simple. June 24, 2013
Rated 1 out of 5 by Inadequate account service Account administrator Rep could not obtain cost basis information for equity shares held in a 401k plan that Fidelity is administrating. The account rep did not understand the need for the cost basis in a NUA distribution. June 24, 2013
Rated 5 out of 5 by secure very good choices, low fees, good portfolio reports June 24, 2013
Rated 5 out of 5 by Secure, reliable and consistent It would be nice to be able to determing what your performance is instantaneously as oppose to once avery month or every six weeks. One should be able to find out account performance daily if he or she chooses to do so. This is the "computer age, not the stone age"! June 24, 2013
Rated 5 out of 5 by Secure and efficient for my age? Well it would be nice to get advisement on my current investments and because I am soon to be a 50 year old female, what other recommendations you might have for me and my lifestyle? June 24, 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 2 out of 5 by OK Need more updated performance information. I have investments with other financial firms that allow me to see real time performance on previous day's close. Fidelity needs to implement this. February 19, 2013
Rated 4 out of 5 by Good company I keep some of my retirement funds in Fidelity and have done so for 20 years. I've never liked Fidelity's statements however they are usable. February 6, 2013
Rated 4 out of 5 by Authentication - 2 level Please incorporate two levels of authentication that requires a token and a password. With many issues these days on internet with hacking, this would seem a prudent measure to protect your invetors. January 26, 2013
Rated 4 out of 5 by Traditional IRA I had positive experience with Fidelity. Never had any issues and help was always available. January 26, 2013
Rated 5 out of 5 by Expanded Perspectives With guidance/help from account representative I was able to merge competitor's IRA, and taxable investments including deposit of common stock certificates held in safety deposit box to a Fidelity IRA. Moved 50% of former employer's 401K into the same Fidelity IRA. Using Fidelity's Internet web based software, I can access/trade my portfolio with improved functionality. I use Fidelity's fund transfer capability to move/transfer investments into taxable money market to pay bills. I'm very pleased w/Fidelity accounts to manage my retirement assets. January 26, 2013
Rated 5 out of 5 by Timely Actually, my husband is the investor in our family and I trust his judgement. He seems to be pleased with this account and I am pleased that I do not have to keep looking at it. I have a retirement to get on with. There has been entirely too much scheduling in my life anyway. But I do like knowing who to call and where my money is. January 26, 2013
Rated 5 out of 5 by Broad range of investment options, clear documentation Plenty of investment options, good research available on Fidelity site, transactions quick to enact. Good back up help from Fidelity available if you have questions. January 25, 2013
Rated 4 out of 5 by Investing made Easy I find using Fidelity's Traditional IRA an easy way to invest for the future. The investment tools, online ease of access, and flexibility make it a great product. January 25, 2013
Rated 5 out of 5 by Simple simple and straightforward. could use additional fund optioons though. some accounts not available to quicken download, which is a problem for me. January 25, 2013
Rated 5 out of 5 by Easy to manage We have variety of funds available to invest. The menu options are easy. Faster connection. Overall we are very happy with Fidelity. January 25, 2013
Rated 5 out of 5 by Fantastic! I have dealt with other retirement services in the past and Fidelity is hands down the best. The staff is knowledgeable and wait times are kept to a minimum. One suggestion would be to improve the navigation and size on the portfolio page. This would make Fidelity perfect! January 25, 2013
Rated 5 out of 5 by performance of funds The account does not correctly reflect the actual percentage rise in the value of each mutual fund or CD and it becomes confusing when i want to compare the performance of my investments. January 24, 2013
Rated 4 out of 5 by Tried and true I've been a Fidelity customer for 20+ years. It's convenient, fast and the recent enhancements have been spot on. January 24, 2013
Rated 5 out of 5 by Safe, complete and available My IRA account provides an online portfolio mechanism within a highly secure system with a complete package of tools for assessing my portfolio and making investment decisions. My Fidelity advisor is always available to discuss the pros and cons of investment options and my account is available 24/7 online. The annual calculation of required distributions and the automatic distribution function are excellent support tools for my IRA account management. I’m fortunate to have Fidelity as part of my financial management team. January 24, 2013
Rated 4 out of 5 by Need reminders Would like some (more) communications on contribution amounts and withdraws based on age. Otherwise, Fidelity does a great job with all my accounts. The customer service is superior. January 24, 2013
Rated 2 out of 5 by unreliable assistance Getting a person with knowledge to speak to on the telephone is a horrible experience. Often I do business elsewhere because of this. I tell them all but to no avail. Some are helpful when I finally get there but I am distraught by that time. I do not like the computer. January 24, 2013
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