Buy

  1. Your account must have purchase privileges established.
  2. Your banking information must be on file for at least 10 calendar days before a purchase can be made from that bank account.

Exchange

  1. Your account must have exchange privileges established.
  2. Both accounts must be identically registered (unless you are making an IRA contribution from a non-IRA).
  3. An exchange into a new fund must be conducted with a representative if the existing account has:
    1. Automatic investing through payroll deductions
    2. Monthly redemptions or systematic withdrawals (IRAs only)
    3. Dividends invested in other funds
    4. An additional mailing address for account statements
    5. Dividends mailed to a third party.

Sell

  1. Your account must have redemption privileges established.
  2. If you want to receive your proceeds through Automated Clearing House (ACH) or wire, your bank information must be on file for at least 10 calendar days before a redemption can be made.
  3. If you want to receive your proceeds by check, your address of record must not have been changed within the past 15 calendar days.
  4. Some funds charge redemption fees. Please see the prospectus for more information.

Log In to view or update your account:

Log In

Log In to your account to view pending transactions.

Log In

Log In to your account to contribute additional money to your IRA.

Log In

If you do not have an existing IRA with T. Rowe Price, you may Open a New IRA.

Complete Online

View current contribution limits.

Log In to view the dollar amount of your current and prior-year IRA contributions.

Log In

Transactions are posted overnight, and the exact time of completion varies, but you generally should be able to view most trade information on the next business day following the trade date.

Because exchanges are a two-step process (a redemption and a purchase), the purchase may appear in the Account Access section later than the redemption. If you do more than one exchange on the same day, your exchanges may not be available for viewing at the same time.

View Pending Transactions Online:

Log In

Log In to your account to view and cancel pending transactions.

Log In

Note: Transactions may be canceled until the market close (usually 4 p.m. ET) on their trade date. Once the market has closed on the trade date, the transaction can no longer be canceled.

If you are wiring funds to T. Rowe Price into a retail mutual fund account (non-401(k)), a T. Rowe Price College Savings Plan 529 account, or a University of Alaska College Savings Plan 529 account, please use the following information:

Bank Name: Bank of New York, N.A. (New York)

  1. ABA Routing Number: 021000018
  2. Beneficiary Name: T. Rowe Price plus the fund name (e.g. Equity Income Fund, Prime Reserve Fund, etc.) or multiple funds
  3. Beneficiary Account Number: 8900624809
  4. Originator to Beneficiary Information (OBI): Shareholder's account registration and number (account number must be included)

Note: Instructions on how to purchase funds should be included in the OBI for IRAs as the shareholder can specify a current- or prior-year contribution as well as a rollover.

If you are wiring funds to T. Rowe Price into a Maryland College Investment Plan 529 account, please use the following information:

  1. T. Rowe Price Services, Inc.
  2. Bank Name: M&T Bank (Buffalo, NY)
  3. ABA Routing Number: 0220-0004-6
  4. Account Number: 970241438
  5. FBO (account number)
  6. SWIFT Code for International Wires for M&T: MANPUS33

Note: Wires can be used to fund a new account or to make additional purchases into existing accounts. If funding a new account, the new account must be established before sending the wire. When sending an international wire, the wire must first be sent through a U.S. correspondent bank. Each foreign bank has a corresponding U.S. bank that they process wires through.

Bank Address:
M&T Bank
110 S. Paca Street
Baltimore, MD 21201

  • A purchase (buy) is the act of investing money into a new or existing account.
  • A redemption (sell) is a request to sell shares of a mutual fund. Redemptions may or may not result in capital gains.
  • An exchange is a request to sell money from one account and invest it into another identically registered account in a different fund. Log In to place a transaction in your account.

Log In

T. Rowe Price makes it easy to compare a Roth IRA to a Traditional IRA to see what best fits your retirement savings plan. Our IRA Selection Tool helps you select the appropriate IRA type for your age, marital status, and annual income. You can also browse our IRA information page for a general comparison.

Your RMD is calculated by dividing your account balance on December 31 of the previous year by your age-based factor for the calculation year. Your age-based factor can be found using one of the following IRS Life Expectancy tables: Table 1, Table 2, Table 3. Since these factors change each year, your RMD must be recalculated every year.

Use our online RMD Calculator to estimate your distributions.*

For additional information and tools, see the RMD Basics information on our website.

*This calculator is for informational purposes only. Your actual RMD amount may differ. Please contact a T. Rowe Price retirement specialist at 888-421-0563 if you have questions.

Although the IRS allows you to take all IRA assets into account with this calculation regardless of where they are held, the personal RMD calculations provided by T. Rowe Price are based only on the assets that are currently held at our firm.

When you sell shares in a non-retirement mutual fund by selling or exchanging, a taxable event occurs. For specific information on what tax implications may apply, visit the Tax Issues for Mutual Fund Investors page.

In general, distributions from a traditional IRA are taxable in the year you receive them. Distributions from your traditional IRA may be fully or partly taxable as ordinary income, depending on whether your IRA includes any nondeductible contributions. If you are under the age of 59 ½, you may be subject to a 10% early withdrawal penalty as well.

For a Roth IRA, a qualified distribution is generally not a taxable event. If you receive a distribution from your Roth IRA that is not a qualified distribution, part of it may be taxable. If you are under the age of 59 ½, you may be subject to a 10% early withdrawal penalty.

Please consult a tax advisor for assistance on actual taxes owed.

From the Overview page, you may the click on the Transact tab at the top of your page. A prominent Trade screen with tabs for Stocks & ETFs, Mutual Funds or Options order entry pages will display. If you have multiple brokerage accounts, you will be prompted to select the appropriate account from the drop-down menu. You may then fill in the necessary fields to complete the desired trade. For helpful tips, you can click on the field descriptions.

Alternatively, you may also use the Quick Trade option on the Overview page within the Portfolio tab, or click the trade button when displayed on any page to begin the process of entering a brokerage trade.

All stock trades settle in three business days, in or out of the accompanying money market sweep account. Option trades and many mutual fund trades settle the following business day. Prior to settlement, pending debit or credit balances are represented on Account Details in the Key Values table as Trade Date Balance.

Premium commission rates of $9.95 for online stock trades, and $9.95 plus $1.00 per contract for online option trades, are available for qualified accounts. These rates apply to Brokerage customers who have executed more than 30 trades in the prior year or who qualify for Preferred Services, Personal Services or Enhanced Personal Services with T. Rowe Price. All other customers are entitled to our standard low commission rate for online stock and option orders: $19.95 for online stock trades, and $19.95 plus $1.00 per contract for online option trades. For complete details and additional commission information, select the following link.

Assuming sufficient funds or shares are available in the account, market orders placed between 9:30 a.m. and 4 p.m. ET are executed immediately, unless there is an extenuating circumstance and trading is halted for a particular security. Details of all trade executions are posted on Order Status and History within 30 seconds after execution.

Brokerage account history as of the previous day and intraday activity are both available on the right-hand side on the Overview page of your Brokerage Account in the Recently Executed Trades and Open Orders sections.

While on the Portfolio page you may also select History from the top of the page to retrieve a consolidated history for all of your T. Rowe Price Brokerage accounts. The default view for History is all activity for the previous seven days, which includes transactions posted to the account intraday. You may use search criteria filters to expand or narrow your search and view activity by security, date, or transaction type using the filter function to the left of the History information. If you have multiple Brokerage accounts, use the viewing drop-down located in the top left corner of each page to navigate between accounts and view specific information.

To identify a specific lot of shares when placing an order to sell, select Edit to the right of the quantity field under Select Tax Lot on the new order screen. This option will only appear after the symbol and quantity of your trade have been entered.

While T. Rowe Price Brokerage provides trading capabilities for many mutual funds, mutual funds subject to a front-end or back-end load (sales charge) cannot currently be traded online.

To purchase additional shares of a non T. Rowe Price fund held in your account, or to request a redemption or exchange, please contact a representative at 1-800-225-7720. There is no additional charge to place a mutual fund transaction with a representative.

A market order indicates that you want to buy or sell a stock at the next best available price. A market order does not guarantee a price, but generally guarantees an immediate execution if placed during market hours (9:30 a.m. - 4 p.m. ET). As such, a market order entered during market hours can rarely be canceled. By definition a market order is executed as soon as possible at the prevailing market price, subject to fluctuations of the market. A market order placed after hours may be executed at a price significantly different from the closing price. You may consider placing a limit order in lieu of a market order if you want to ensure that your order does not get filled at a price dramatically different than the current price Note: Market orders are only accepted with a time in force of one day. Market orders entered after market hours are routed to the appropriate exchange prior to market opening and are generally entitled to the opening price.

A limit order indicates that you want to buy or sell a stock at a specific price or better. Limit orders do not guarantee execution, but may be employed to avoid exposure to market fluctuation. Enter a limit order in lieu of a market order if you are comfortable risking that the order may not execute, but want to ensure that the order does not get filled at a price dramatically different than the current price. A limit buy order must execute at or below its prescribed limit price, a limit sell order at or above the sell limit price. Limit orders must be entered in whole numbers and decimal format, in multiples of .01. Note: T. Rowe Price Brokerage accepts limit orders with duration one day or Good till Canceled (good for 90 days). Other types of limit orders are Limit Fill or Kill which is the ability to assure an order is filled immediately and completely at the same price or not at all. If the order is not immediately filled in its entirety, the order will be cancelled and Limit All or None is the ability to assure an order is filled completely at the same price, or not at all. If the order is not filled entirely at the close of market, the order is cancelled.

A stop order indicates that you want to buy or sell at the market price after a stock has traded at a specific price. Once a stock price moves to or through the stop price, a stop order becomes a market order to buy or sell. This guarantees execution of the order, but does not guarantee the price. For a listed stock, a stop order becomes a market order only once the stock has traded at a price equal to or better than the stop price. For OTC securities, however, a stop order becomes a market order when the inside bid or offer is equal to or better than the stop price. An inherent risk of a stop order is that it may be triggered by a temporary market movement and executed at a price higher or lower than the stop price if there are market orders ahead. For this reason, stop orders are sometimes called stop loss orders because they are often employed to protect a profit or avoid a loss, and it is generally recommended that a stop order be placed away from the current bid or ask price to avoid immediate execution. Stop orders must be entered in whole numbers and decimal format in multiples of .01. T. Rowe Price Brokerage accepts stop limit orders with a time in force of one day, or good for 90 days.

A stop limit order is combination of stop and limit order, a stop limit specifies that a buy or sell order is to be executed at a specific price or better, but only after a given stop price has been reached. In contrast to a stop order, a stop limit becomes a limit order at the limit price once the stock trades at the stop price. This guarantees that the order is only to be filled at the limit price or better, but does not guarantee an execution. As such, stop limit orders are not always effective in protecting a profit or avoiding a loss. For a listed stock, a stop limit order becomes a limit order only once the stock has traded at a price equal to or better than the stop price. For OTC securities however, a stop limit order becomes a limit order when the inside bid or offer is equal to or better than the stop price. An inherent risk of a stop limit order is that the stop component may be triggered by a temporary market movement, but not executed if there are limit orders ahead. Stop limit orders must be entered in whole numbers and decimal format, in multiples of .01.

Cash is the standard account type for which stock transactions must be settled in full by the third business day following trade date. Any trade not executed on margin is considered to be in the cash account, and if the account has not been approved for margin trading, only Cash will be displayed as a valid account type.
Note: You must have sufficient funds in your Money Market Sweep account or sufficient shares in your Brokerage account when placing online orders in your cash account.

Margin Indicates that you want the order entered and settled in the margin account, and/or to buy stock partially with money borrowed from T. Rowe Price Brokerage. IRAs and other retirement accounts are not eligible for margin trading. To have a nonretirement account approved for margin, you must complete and submit a margin agreement. After approval, the account will be appropriately coded for margin transactions, and margin will appear as an account type option on the initial order entry page.

Short All short sales and buy to cover transactions must be entered in the Short account type.

The bid price represents the price potential buyers are willing to pay for a security, while the ask price is the price at which a security is offered for sale. In a stock quote, for example, there is a bid/ask spread, which conveys the difference between what buyers are willing to pay and what sellers are asking. The rule of thumb is that if you are selling a stock, you will generally receive the current bid price. If you are buying, you must pay the current ask, or offer, price. For additional information regarding the bid/ask spread, contact a Brokerage representative at 1-800-225-7720.

Long Market Value Total dollar value of securities held long in cash (type 1) and margin (type 2) accounts, including trades not yet settled. If a price is not available, the most recent historical bid or third party valuation may be used. Positions held long include stocks, bonds, warrants, mutual funds, unit investment trusts and master limited partnerships. Positions excluded are options, commercial paper and precious metals, etc.

Short Market Value Total dollar value of securities sold short (type 2 and 3 accounts) including trades not yet settled. If a price is not available, the most recent historical bid or third party valuation may be used. Positions excluded are options, commercial paper and precious metals, etc.

Securities Owed (Securities) Value of securities sold in the cash account but not yet delivered to Pershing or not in negotiable form. If a price is not available, the most recent historical bid or third party valuation may be used.

Cash Management Balances (Cash Management Value) The amount held in cash management products as of the previous business day's close.

Cash This is the trade date cash balances in all account types.

Net Worth The accounts net worth is derived from the following calculation: Liquidating Equity + Money Fund Opening Balance + Money Fund Dividend. Note: The Net Worth field will not be updated to reflect the real-time changes in the Money Fund Purchase/Redemption field.

Funds Due If funds due occurs in a cash account, funds due is cash due at settlement date. If funds due occurs in a margin account, funds due is attributed to one or more of these: Fed Call, House Call, NYSE Call, or Total Funds Due. 'Funds Due' is calculated as of the Previous Day. The Funds Due amount does not consider amounts due for purchases, sales or other transactions executed today.

Funds Available to Trade The amount of money available for trading purposes without the deposit of additional funds.

Day Trading Buying Power as of Previous Day The amount of securities that can be purchased (and sold if using time and tick) the same day without incurring a Day Trading call.

To change dividend elections on a security go to the Holdings tab in the Portfolio section of your account. Then identify the security you would like to change dividends for. The next step is to click on the plus sign to the left of the Security ID. The information for that security will then display in detail. Click on the Edit link next to the dividends heading and you will be presented with a drop down list of your dividend options. Click on the dividend method you choose and then click save.

To change cost basis settings on your account(s) select profile settings which is indicated with a gear icon on the right in the top navigation bar of the main page. In the Accounts & Groups section on the left side of the page, click on the account you would like to change. The next step is to click on the Edit button to the right of the Default Disposition Methods Default. Drop downs will appear and you will then select the option you prefer from each drop down list. Once the drop downs are showing your preferred options, click on save to save your settings.


Glossary