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.*

The time is now

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

Maintain flexibility for life's unexpected events

While it's always a good idea to leave your IRA untouched until retirement, any contributions made to a Roth IRA 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 income in retirement

For most people, contributing to a Roth IRA will provide them with more income in retirement. Plus, with a Roth IRA there are no minimum distribution requirements. Learn more.

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

We offer a wide range of low-cost, no-load investments. The 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 $129K for tax year 2014 ($131K for tax year 2015) and married couples filing jointly must have a MAGI under $191K for tax year 2014 ($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.

Learn about the Roth Advantage

Learn about the Roth Advantage

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 a Traditional IRA to a Roth IRA

A Roth IRA offers many advantages over a Traditional IRA like tax-free withdrawals if you need them.


Transfer an existing IRA

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