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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.

Tax advantages


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

Account features


Individuals less than 70½ years of age

Must have employment compensation

Maximum contribution

2014 and 2015: $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

Rated 4.3 out of 5 by 482 reviewers.
Rated 3 out of 5 by FIRST TIME INVESTOR IN FAMILY Sought information in person at local investment center office on company policy/procedures and some 'how to' regarding online investing and over the phone as well as some details that were not answered after initial IRA creation and funding. Very poor in-office service; cold, unwilling to explain details clearly at 'my level', felt I was using their time and was a waste. Frustrating; treated me unintelligent in the office. I was embarrassed upon leaving and was shocked. I like the SYSTEM and the ACCOUNT and its EFFICIENCY, I think they need their branches to be more HOMETOWN and THANKFUL for their customer base and educational June 27, 2014
Rated 4 out of 5 by Individual Account I like the convenience of getting into my IRA, the prompt purchase and sales and above all the cost of transaction. June 24, 2014
Rated 5 out of 5 by Very happy I have been with Fidelity for years and so far everything I have needed to do, has been quickly and competently done. June 17, 2014
Rated 5 out of 5 by Part of any retirement mix Everyone should have a traditional IRA as part of their retirement mix. In my case, I have one set up that will eventually be a rollover account when I retire from my job. Fidelity's web site makes it easy to set up a traditional IRA in minutes, and I can see my IRA in addition to my other retirement accounts when I log in. June 17, 2014
Rated 5 out of 5 by nancy poe am very pleased with the service, and every one involved in fidelity. June 10, 2014
Rated 5 out of 5 by Secure and easy to access Love the website and availability of my accounts. Safe and easy access to the website. June 3, 2014
Rated 5 out of 5 by Full of Value, Research and Choices Fidelity's services and solutions are rock-solid and make it easy for me to get my investment tasks done quickly and easily. I especially like the web, customer service via chat, the Advanced Trader Pro platform and the excellent reporting. The information on the Fidelity web site is most helpful for helping me make investment decisions. June 3, 2014
Rated 4 out of 5 by Statements The statements have a section about dividend earnings that is useless. It is not even close to being accurate. June 3, 2014
Rated 4 out of 5 by Easy to use and a Good Resource Happy about the Fidelity, will now be exploring OPENING UP A ROTH IRA May 15, 2014
Rated 5 out of 5 by Fidelity Rocks My experience using the traditional self-executed IRA with Fidelity Investments has been excellent. Trades are handled expeditiously almost in seconds. Cost is minimal compared to other brokerage firms. May 14, 2014
Rated 5 out of 5 by Not much room for improvement I selected Fidelity because I believed it provided the flexiblity I would need. Sure enough, I made a couple of errors in initial placement of funds. No problem because of the flexibility of Fidelity. May 14, 2014
Rated 1 out of 5 by LEANER AND MEANER? I had a big account with the Co. which I closed before the big downturn! Now I just opened and IRA, carefully read the relevant research and prospectus for what I wanted to do, confirmed I could on archived chat and double-checked on an archived phone call.I transferred in my money, and called a trader to buy-- and got a whole different approach to saying "no". So, I closed the account, and gee, I do know where I will go next--with my money! March 11, 2014
Rated 5 out of 5 by Fidelity IRA I have been very satisfied with my IAR A/C w/ Fidelity and with Fidelity in general February 7, 2014
Rated 5 out of 5 by Tools - Service - Security Good tools, excellent and responsive service, and confidence in account security February 3, 2014
Rated 4 out of 5 by Easy to use The Brokerage IRA is much better than the 403-B accounts. It is more flexible in asset allocation and no fees. I wish all of my retirement accounts were like this one. I can trade equities, bonds, and mutual funds all in one account. February 2, 2014
Rated 5 out of 5 by Conservative We (husband, Jill) have been clients for many years and during this tenure have always rated Fidelity a 10+. Your representatives are "always glad we called," and 100 % of the time give us the answers we need. Recently we wanted to merge our two accounts and you sent the paper work, sent it back when one item was not complete and then we were notified when the event was in work. Thank You! February 2, 2014
Rated 4 out of 5 by Small investors the last time I called to get some advice on my IRA account and where to invest it....the advisor I spoke with insisted upon knowing my "overall" worth or investable worth. This to me was code for, "is it going to be worth my time?" This was very obvious to me, even though he would argue that he was just trying to get a handle on my investible income. Doesn't matter, I really felt like I was being given less attention because I no longer have large amounts in my IRA. January 31, 2014
Rated 5 out of 5 by ATP 10.0 Fidelity removed one of the most important columns in the watch list ... the entry column. Now the only way to sort the watch list is to log out completely, and then log back in. Please consider adding an Entry line item to sort on. Thank you. January 31, 2014
Rated 5 out of 5 by Traditional IRA I like Fidelity and rate it very high. I particularly think the website is good. My ONLY complaint about Fidelity is I think their fee for buying certain mutual funds is too high. January 30, 2014
Rated 4 out of 5 by IRA Review I don't have any complaints with my IRA service except the fact that I have never been able to determine what I'm paying for the service. January 30, 2014
Rated 4 out of 5 by Helpful The traditional IRA is helpful because I received this money from my divorce and it's helped me build my retirement. January 30, 2014
Rated 5 out of 5 by Traditional IRA Review The Fidelity IRA is easy to access and informative. It also allows online trading and record keeping for tax purposes. January 30, 2014
Rated 4 out of 5 by secure customer service has always been helpful have gone above and beyond in finding solutions to my concerns January 30, 2014
Rated 5 out of 5 by retirement I have always been impressed with Fidelity's customer service. I have always received correct and courteous answers, however, I have to say I have not figured out how to use Active Traderpro yet. January 29, 2014
Rated 4 out of 5 by Convenient and affordable Site is rarely down and seems accurate . I appreciate the reasonable commission . January 29, 2014
Rated 5 out of 5 by Dependable and secure I have had an account with Fidelity for many years. I have always had excellent service from them. One of the things I'm really happy with is the security that I have in dealing with them. One thing I don't want is to find out that some of my account information has been stolen. I have complete confidence that Fidelity will continue to keep up with the latest security features. January 29, 2014
Rated 5 out of 5 by Reliable and feature rich I like that commissions are reasonable and mailed statements are good. I like the option to re-invest dividends for no cost. I like that I can expand a particular holding and see when all shares were bought. Also that I can see the cost basis. I don't know of any thing else needed. Keep up the good work. January 29, 2014
Rated 5 out of 5 by Customer Service Customer service reps are knowledgeable and very competent. January 29, 2014
Rated 5 out of 5 by efficient and inexpensive I like the ability to invest in what I want, when I want it and for as little or long time as I want. January 29, 2014
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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 2014 is available to active participants whose 2014 Modified Adjusted Gross Income (MAGI) is $96,000 or less (joint) and $60,000 or less (single); partial deductibility for MAGI up to $116,000 (joint) and $70,000 (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 $181,000 for 2014; partial deductibility for MAGI up to $191,000. For 2015 full deductibility of a contribution 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.
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.