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Contributing to a new IRA?

Select the type you would like.


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

Select your source.

Traditional IRA

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

Potential tax deduction

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

Tax-deferred growth potential

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


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.

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.