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.

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.

Low fees and minimum investment

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


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.