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
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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
2015 and 2016: $5,500 ($6,500 if age 50 or older)
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
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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.
Follow these three steps to open a new IRA or transfer an IRA from another provider to Fidelity.