ReadyChoiceSM IRA

Exclusive to T. Rowe Price, this all-in-one solution delivers the best of both worlds—a Roth or Traditional IRA paired with a Retirement Fund.

Is a ReadyChoice IRA right for me?

Get a quick start saving for retirement with a ReadyChoice IRA—an all-in-one investment solution for investors looking to open a new IRA. This solution pairs a Traditional or Roth IRA with a recommendation for a T. Rowe Price Retirement Fund.

And if your needs change, you always have the option to select another target date fund or choose from more than 100 T. Rowe Price mutual funds.

A ReadyChoice IRA may be right for you if you are ...

Ready to get a quick start saving

Select a new Roth or Traditional IRA, and get started with a T. Rowe Price Retirement Fund recommendation based on the year you turn 65. For 2024, you can contribute up to $7,000 to your IRA ($8,000 if you are age 50 or older).

ReadyChoice IRA is currently available for individuals looking to make annual IRA contributions to a Roth or Traditional IRA. If you are interested in a Rollover IRA, learn about your rollover options.

Is a ReadyChoice IRA right for you?

Speak to an investment specialist.

Choose the ReadyChoice IRA that’s right for you.


Roth IRA

Pay taxes now and enjoy tax-free qualified withdrawals later, with no required minimum distributions (RMDs) to worry about. Income eligibility limits apply.


Traditional IRA

Enjoy potential tax deductions now and pay no taxes until you withdraw your money, possibly at a lower tax rate, if you wait to withdraw money until you retire.

An IRA may be subject to an annual fee, and a fee may be assessed when an IRA is closed.

Build a portfolio with a ReadyChoice IRA.

Life evolves and priorities change. At T. Rowe Price, we get that, and we get you. We are by your side, helping you achieve your best outcomes, not just for retirement, but for life.

ReadyChoice IRA includes a point-in-time, no-obligation recommendation for a T. Rowe Price Retirement Fund based on your age, investment amount, and the factors discussed in the Methodology document (PDF). You have the option of selecting another target date fund or even building your own portfolio from scores of other T. Rowe Price funds that may be appropriate for an IRA. You remain in full control of all investment decisions.

Grow your retirement with us.

Get a quick start saving

Pair a Roth IRA with a recommendation for a T. Rowe Price Retirement Fund.

Enjoy an all-in-one solution

Pair a Traditional IRA with a recommendation for a T. Rowe Price Retirement Fund.

Not sure which IRA is right for you?

It starts with understanding the differences.

The T. Rowe Price Retirement Fund Recommendation Service is a nondiscretionary advisory service provided by T. Rowe Price Advisory Services, Inc., a registered investment adviser under the Investment Advisers Act of 1940. T. Rowe Price Investment Services, Inc., distributor, T. Rowe Price mutual funds, T. Rowe Price Advisory Services, Inc., and T. Rowe Price Investment Services, Inc., are affiliated companies.

The principal value of the Retirement 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 funds’ allocations among a broad range of underlying T. Rowe Price stock and bond funds will change over time. The 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 postretirement withdrawal horizon. The funds are not designed for a lump-sum redemption at the target date and do not guarantee a particular level of income. The funds maintain a substantial allocation to equities both prior to and after the target date, which can result in greater volatility over shorter time horizons.

All investments involve risk, including possible loss of principal. Diversification does not ensure a profit or protect from a loss in a declining market.

*36 of our 56 Retirement Funds had a 10-year track record as of 3/31/2024 (includes Investor, I Class, Advisor, and R Class Shares). 35 of these 36 funds (97%) beat their Lipper average for the 10-year period. 42 of 42 (100%), 24 of 42 (57%), and 38 of 39 (97%) of the Retirement Funds outperformed their Lipper average for the 1-, 3-, and 5-year periods ended 3/31/2024, respectively. Calculations are based on cumulative total return. Not all funds outperformed for all periods. (Source for data: Lipper Inc.)