Roth IRAs

Take advantage of the 2020 IRA contribution limits: up to $6,000 or $7,000 (if age 50 or older).

Ready to Start? Speak to a retirement specialist 1-877-619-4608

Benefits of a Roth IRA

The time is now

The sooner you start contributing to a Roth IRA* the better. The longer your contributions have to compound tax-deferred, the more your contributions may be worth in retirement.

Flexibility for life's unexpected events

Your contributions are available for withdrawal anytime without taxes or penalties. You may incur taxes and/or penalties on earnings if, for example, you are under age 59½ and have held the account for less than 5 years.

Pay no taxes in retirement

Generally, once you reach age 59½ with an account that has been opened for at least five years, you may qualify for tax-free withdrawals of both Roth IRA contributions and any accumulated earnings.

More spendable income in retirement

Many people will realize more spendable income in retirement. Plus, there are no minimum distribution requirements.

*In order to contribute to a Roth IRA, single filers must have a modified adjusted gross income (MAGI) under $137k for tax year 2019 and $139k for tax year 2020. Married couples filing jointly must have a MAGI under $203k for tax year 2019 and $206k for tax year 2020.

Frequently Asked Questions

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Looking for a quick way to get started?
Consider a ReadyChoice IRA.

Simplify your approach to pursuing your retirement goals with a ReadyChoice IRA, which pairs a Roth or Traditional IRA with a T. Rowe Price Retirement Fund.

Why T. Rowe Price for a Roth IRA?

Low Fees and Minimums


You need to maximize your return potential, so we work to keep our fees competitive. That's why our solutions include no-load mutual funds with low expense ratios. Keep in mind that a Roth IRA may be subject to an annual fee, and a fee may be assessed when a Roth IRA is closed. Here's more information on fees.

Convenient and Flexible Fund Choices


You can choose from target date funds with strategic asset allocation and diversification, or select from more than 100 mutual funds to suit your investing needs.

We Believe in Strategic Investing


Our highly tenured global investment professionals are continuously assessing potential risk, while identifying opportunities to maximize growth potential over the long term.

Many of Our Funds Earn Morningstar's Highest Ratings


Over 75 of our funds have earned 4- or 5-star Overall Morningstar Ratings as of 12/31/19.*

Want to move existing savings into a T. Rowe Price Roth IRA?