Fidelity roth ira review Fidelity Investments rating

Fidelity IRA Review and ROTH IRA Fees for 2025


Fidelity IRA Review


Fidelity Investments is a top choice for retirement saving. It offers many IRA options and useful tools for both self-directed and advised accounts.


Fidelity IRA Overview


Fidelity offers SEP, SIMPLE, Roth, Traditional, Minor, and Inherited IRAs. Inherited IRAs can use the Roth tax setup if you choose. The Minor IRA is only available as a Roth.


fidelity IRA Review


You can open multiple IRAs under one tax ID and manage them, plus any taxable accounts, with a single login.


Fidelity IRA Minimums and Fees


Fidelity IRAs have no fees or minimum balances. You can open an account without a deposit, and you won’t pay annual, maintenance, or closeout fees.

Like other discount brokers, Fidelity has $0 commissions on online trades of U.S. stocks and ETFs. This applies to IRAs too.


Tradable Assets


You can trade most of the same assets in an IRA as in a regular account. At Fidelity, this includes:

- Options
- Mutual funds, ETFs, and closed-end funds
- Stocks (including OTC and some foreign exchanges)
- Bonds and other fixed-income products

Using Fidelity’s fund screener, we found 460 target-date mutual funds. These funds shift to safer investments as they near their retirement date.


IRA Modes at Fidelity


You can open a Fidelity IRA as self-directed or managed. Managed options include a robo service and traditional advice plans.

While IRAs themselves are free, managed services cost extra. Fidelity Go® charges 0.35% per year on balances over $25,000; below that, it’s free.

Self-directed IRAs can trade all the assets listed above. Managed IRAs trade only a small number of no-fee Fidelity funds.


Fidelity IRA Account


Opening an IRA at Fidelity


Opening any Fidelity IRA is straightforward on the website or app. On the site, click “Open an Account,” then choose Roth or Traditional, or view all account types. On the app, tap More (three dots), find “Open an Account,” and follow the steps.


Fidelity IRA Account reviews


Fidelity Rollover Service


Fidelity has a clear link to open a Rollover IRA on both the site and app. This moves your old employer plan into a Fidelity IRA.

A rollover transfers your 401(k) or other qualified plan into a new or existing Fidelity IRA. Just click the Rollover IRA link and follow the on-screen steps.


Rollover To Fidelity IRA


To complete a rollover, contact your old plan’s HR department and ask them to send paperwork or funds to:

- Fidelity Investments
- ATTN: Corporate Rollovers Department
- 100 Crosby Parkway KC1H
- Covington, KY 41015-0037

If they send a check, make it payable to “Fidelity Management Trust Company, FBO [Your Name]” and include your Fidelity IRA number on the memo line.

You can also wire funds. Give your plan administrator these details:

Wire funds toJ.P. Morgan Chase, NY
Routing number021000021
For credit toNational Financial Services LLC
Account number066196–221
For the benefit ofAll account owners (include IRA type)
For final credit toYour Fidelity account number
Address383 Madison Avenue
New York, NY 10017

If your 401(k) is already at Fidelity, you can roll it over yourself through NetBenefits®.


IRA Transfer


It’s much easier to move an IRA from another brokerage into Fidelity. This is a trustee-to-trustee transfer, which means the IRA moves directly from one firm to another with minimal paperwork.

To do this, open a Fidelity IRA and request an asset transfer from your old IRA. You can start the request on Fidelity’s website or mobile app.

On the website, hover over Accounts & Trade in the top menu and click Transfers. Then choose the option to deposit, withdraw, or transfer money.

On the next page, select the From field, pick “Transfer an account to Fidelity,” fill in the details, and submit. You may need your old IRA’s account number, which you can find on a statement from your previous broker.

In the mobile app, go to the Transact tab, tap Transfer, select “Transfer investments from another firm,” and complete the same form.

Moving a Roth IRA into a Roth IRA or a Traditional IRA into a Traditional IRA has no tax impact. Converting a Traditional IRA to Roth could have tax consequences, so talk to a tax professional before you start.

Your old broker may charge a transfer fee. Fidelity will reimburse that fee if your transfer is $25,000 or more.


Contributions and Withdrawals


Once your Fidelity IRA is open, adding or taking out money is simple. Fidelity offers several funding methods on its website and app.

On the website, click the Transfer link in the top-left corner. You can use ACH or PayPal to move money into your IRA. You can also wire funds or transfer from another Fidelity account.

In the app, use the mobile check deposit tool under Transact, or make an ACH deposit. The PayPal option isn’t available in the app.

You can set up a monthly deposit schedule. Fidelity tracks your yearly contributions automatically.

To withdraw, link a bank account first. Then request a withdrawal online. You can take out up to $100,000 per day.

You can lock down your IRA to prevent withdrawals. Go to the Security Center under Accounts & Trade and turn on lockdown mode.


Limited Margin


Federal rules prohibit full margin in IRAs, but some brokers, including Fidelity, offer limited margin. This lets you trade with unsettled funds, enabling day trading.

To add limited margin, go to Accounts & Trade → Account Features. Under Brokerage & Trading, click Limited Margin and follow the steps.


Retirement Advice


IRA customers in Fidelity’s robo program get free phone calls with advisors if their balance is at least $25,000. These advisors specialize in retirement planning.

Traditional wealth management is also available with higher fees and minimums. These packages include a dedicated advisor focused on retirement. Compare Fidelity’s rates to other local advisors: financial advisors in your area charge.


Retirement Education


If you manage your own IRA, Fidelity’s website has a large library of retirement resources. Start on the retirement planning page under Planning & Advice.

Under News & Research, look for Saving for Retirement. Examples include:

- Getting started with IRAs
- Traditional or Roth account? 2 tips to help you choose
- 7 things you may not know about IRAs

Fidelity also offers calculators and tools for IRAs and retirement planning.


fidelity ROTH IRA Review


Best IRA Accounts


Broker Review Promotion
Offer
Stock/ETF
Commission
Mutual Fund
Commission
Maintenance
Fee
Annual IRA
Fee
Charles Schwab Get $0 commissions + satisfaction guarantee at Charles Schwab. $0 $49.95 ($0 to sell) $0 $0
Robinhood Free stock up to $200 and 3% match when you open an account. $0 na $0 na
Firstrade Get up to $250 ACAT rebate and overnight trading. $0 $0 $0 $0


Other Financial Services


Fidelity also offers annuities, long-term care insurance, and life insurance options that IRAs can purchase.


Fidelity IRA Review Assessment


With so many IRA tools and resources, Fidelity is one of the best places to open an IRA.


Find a Financial Advisor


If you are looking for a professional money management service in your area, you can find a Financial Advisor on the Wiser Advisor.

Try Wiser Advisor


Updated on 4/8/2025.