Benefits of a Traditional IRA
Tax advantages while you save.

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

Your contributions will accumulate earnings and grow tax-deferred until you begin taking withdrawals, and they could be in a lower tax bracket.

No income limit.

There are no income restrictions on eligibility to contribute. But there could be a limit on tax deductions if you are also contributing to a 401(k).

You must begin taking required minimum distributions (RMDs) when you reach age 70½.

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Still unsure about Roth vs. Traditional?
Why T. Rowe Price for a Traditional 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 an IRA may be subject to an annual fee, and a fee may be assessed when an 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.

A Global Investing Network in Pursuit of Your Goals


Our highly tenured global investment professionals are continuously assessing potential risk, while identifying opportunities to maximize growth potential over the long term so you have more money in retirement.

Many of Our Funds Earn Morningstar's Highest Ratings


Over 70 of our funds have earned 4- or 5-star Overall Morningstar Ratings as of 1/31/19.*

Frequently Asked Questions
Want to move existing savings into a Traditional IRA?
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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).

Explore your options

Rollover now


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Transfer an existing IRA

If you decide to transfer an IRA, we offer over 100 mutual funds from which to choose. And we make it easy by handling most of the paperwork, too.

Transfer an IRA now

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Convert your T. Rowe Price Traditional IRA to a Roth IRA

A Roth IRA offers many advantages over a Traditional IRA, like potentially tax-free withdrawals if you need them.

Convert now

Compare Traditional and Roth IRAs