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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 vs. Traditional IRA

Roth IRA
Traditional IRA
Pay taxes now. Pay taxes later.
Contributions may be withdrawn at any time without taxes or penalties. Contributions may be tax-deductible.
Earnings may be withdrawn tax-free and penalty-free once you reach age 59½ and the account has been open for at least five years. Earnings grow tax-deferred. You generally pay taxes when you make withdrawals, often in retirement.
No age restrictions for contributions. You must be under age 70½ to contribute.
You may not be eligible to contribute if your income is over $131,000 in tax year 2015 for single filers or $193,000 in tax year 2015 for joint filers. No income restrictions on eligibility to contribute, but possibly on deductibility.
No required minimum distributions (RMDs). Must begin taking required minimum distributions (RMDs) at
age 70½.

Learn more about a Roth IRA

Learn more about a Traditional IRA

Minimums & Maximums

  • Minimum contribution: $1,000 to open an IRA account, with subsequent minimum contribution of $100 per transaction
  • Maximum contribution: $5,500 per year ($6,500 if you are age 50 or over)

Low fees

We offer a wide range of low-cost, no-load investments. Certain account fees are waived if you select our paperless options.
Video In this helpful three minute video, Sr. Financial Planner Stuart Ritter offers a more detailed comparison and evaluation of both IRAs.

Still unsure? Use our IRA Selection Tool to compare.

Complete this simple four-step questionnaire to help clarify the choice that's right for you.


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.