Open an IRA. Let's get started.

Need help? Call 800-545-1260

Contributing to a new IRA?

Select the type you would like.

 

Moving money from an existing 401(k) or IRA?

Select your source.

Account Service Fee

An annual fee of $20 will be charged for each T. Rowe Price mutual fund account with a balance below $10,000. The account service fee, which is intended to help offset the relatively higher costs associated with servicing lower balance accounts, will be automatically deducted from the account's assets. Investors may qualify for a waiver of the account service fee in any of the following three ways:

  • Subscribe to electronic delivery of statements, confirmations, and prospectuses and shareholder reports;
  • Maintain an individual combined balance of $50,000 or more for all T. Rowe Price accounts (including mutual funds, Brokerage, Variable Annuity, and Small Business Retirement Plans); or
  • Qualify for T. Rowe Price Select Client Services based on higher asset levels of $100,000 or more.

Roth IRA

A flexible way to save that provides tax-free income in retirement.* If you are under age 40 earning income under $131k per year, or $193k jointly**, a Roth IRA might be right for you.

The time is now

The sooner you start contributing to a Roth IRA** the better. The longer your contributions may have to compound tax-deferred, the more your contributions will be worth in retirement.

Flexibility for life's unexpected events

Your contributions are available for withdrawal anytime without tax or penalty.

Pay no taxes in retirement

Once you reach age 59½ with an account that has been opened for at least five years, you may qualify for tax-free withdrawals of both Roth IRA contributions and any accumulated earnings.

Enjoy more spendable income in retirement

Most people will realize more spendable income in retirement. Plus, there are no minimum distribution requirements.

Receive active management with a single choice

Pair your Roth IRA with our professionally managed target date funds for a convenient way to get a diversified portfolio. We also offer over 100 no-load mutual funds to address your specific investing needs. All mutual funds are subject to market risk, including possible loss of principal. Diversification cannot assure a profit or protect against loss in a declining market.

Low fees and minimum investment

Minimum investment for a Roth IRA is $1,000. Certain account fees are waived if you select our paperless options.

* As long as you've held the account 5 years and you're age 59½ or older.

**In order to contribute to a Roth IRA, single filers must have a MAGI under $131K for tax year 2015 and married couples filing jointly must have a MAGI under $193K for tax year 2015.

 

Comparing Roth IRA and Traditional IRA

The IRA Selection Tool

Our IRA selection tool helps you choose the IRA that meets your lifestyle and investing needs. Complete this simple four-step questionnaire to help clarify the choice that's right for you.

Compare Roth IRA and Traditional IRA.


FREE ROTH IRA WEBCAST AND LIVE Q&A

Considerations for a Roth IRA conversion

  • Roth IRAs have no distribution requirements.
  • You may potentially reduce or eliminate the taxes your beneficiaries will have to pay after inheriting.
  • When converting to a Roth IRA, a key consideration is whether to pay taxes now in order to provide tax-free income potential in the future.

For assistance, call 877-200-5503.

Are you moving money from another source?

Roll over a 401(k)

A rollover IRA is one of several options to consider for your former workplace retirement plan, such as a 401(k).

 

Convert your T. Rowe Price Traditional IRA to a Roth IRA

A Roth IRA offers many advantages over a Traditional IRA like tax-free withdrawals if you need them. Log in to your account to convert your existing Traditional IRA now or read more.

 

Transfer an existing IRA

To simplify your finances, you can consolidate assets by transferring an existing IRA account to T. Rowe Price.

The principal value of the Retirement Funds and Target Retirement Funds (collectively the "target date funds") is not guaranteed at any time, including at or after the target date, which is the approximate year an investor plans to retire (assumed to be age 65) and likely stop making new investments in the fund. If an investor plans to retire significantly earlier or later than age 65, the funds may not be an appropriate investment even if the investor is retiring on or near the target date. The target date funds' allocations among a broad range of underlying T. Rowe Price stock and bond funds will change over time. The Retirement Funds emphasize potential capital appreciation during the early phases of retirement asset accumulation, balance the need for appreciation with the need for income as retirement approaches, and focus on supporting an income stream over a long-term retirement withdrawal horizon. The Target Retirement Funds emphasize asset accumulation prior to retirement, balance the need for reduced market risk and income as retirement approaches, and focus on supporting an income stream over a moderate postretirement withdrawal horizon. The target date funds are not designed for a lump sum redemption at the target date and do not guarantee a particular level of income. The key difference between the Retirement Funds and the Target Retirement Funds is the overall allocation to equity; although they each maintain significant allocations to equities both prior to and after the target date, the Retirement Funds maintain a higher equity allocation, which can result in greater volatility over shorter time horizons.