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.

Traditional IRA

A tax-advantaged way to save that provides tax-deferred growth potential and the possibility of putting off taxes until retirement.

    Need help?
    Call us today: 800-332-6161

Contributions may be tax-deductible

All or part of your contributions may be tax-deductible, which may reduce your taxable income each year you make a contribution.

No income limit

There are no income restrictions on eligibility to contribute. However, there could be a limit on tax deduction if you are also contributing to a 401(k).

Account grows tax-deferred

Your contributions will accumulate earnings and grow tax-deferred, right up until you begin taking withdrawals, and may be in a lower tax bracket.

Low fees and minimum investment

We offer a wide range of low-cost, no-load investments. The minimum contribution for a Traditional IRA is $1,000. Certain account fees are waived if you select our paperless options.

Receive active management with a single choice

Pair 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.


Which IRA is right for you?

Compare Roth vs. Traditional IRAs, or
Complete the IRA Selection Tool to help you choose the IRA that meets your lifestyle and investing needs.

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 potentially tax-free withdrawals if you need them. Click here 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 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 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 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.