Minimum amount to start a roth ira

Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation.

*

No account fees or minimums to open Fidelity retail IRA accounts. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs), and commissions, interest charges, and other expenses for transactions, may still apply. See Fidelity.com/commissions for further details.

Zero account minimums apply to retail brokerage accounts only. Account minimums may apply to certain account types (e.g., managed accounts) and/or the purchase of some Fidelity mutual funds that have a minimum investment requirement. See Fidelity.com/commissions and/or the fund's prospectus for details.

1. A distribution from a Roth IRA is tax-free and penalty-free provided that the five-year aging requirement has been satisfied and one of the following conditions is met: age 59½, death, disability, qualified first time home purchase.

2. Generally, compensation is what you earn from working. For a summary of what compensation does and does not include, see .

3.

$0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs), and options (+ $0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). There is an Options Regulatory Fee that applies to both option buy and sell transactions. The fee is subject to change. Other exclusions and conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Institutional® are subject to different commission schedules.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read . Supporting documentation for any claims, if applicable, will be furnished upon request.

Roth IRAs have income limits: As your income increases, the amount you can contribute gradually decreases to zero. You can use our IRA Contribution Calculator or our Roth vs. traditional IRA comparison page to see what option might be right for you.

Step 2: Decide if you want to manage the investments in your Roth IRA, or have us do it for you

• You are responsible for choosing and managing your investments

• We choose and manage your investments using your goals and risk tolerance in this digital account

• Access to robust planning tools, and support from a Fidelity representative as needed2

• Access to digital planning tools and unlimited 1- on-1 coaching calls with a dedicated team of Fidelity advisors once your account balance reaches $25,0002

• No minimum to open an account3

• No minimum to open an account4

• No account3 or advisory fees with this type of retail account
• Depending on which investments you choose, there may be underlying fees

• $0 for under $25,000 and 0.35%/yr for $25,000 and above
• Invests in Fidelity mutual funds that do not charge management fees or, with limited exceptions, fund expenses

• Thought leadership, research, 24/7 customer service

• Thought leadership, research, 24/7 customer service

Get started

Get started

Looking for a more hands-on managed approach? You might want to consider Fidelity® Wealth Services for your planning and investment management needs. Minimum investment is $50,000 for access to a team of advisors or $250,000 for a dedicated advisor. Learn more