Traditional IRA

Traditional IRAs can be a smart solution to increase your tax-deferred retirement savings.

online equity trades

  • $0

    Online listed equity trades¹

  • 24/7

    Professional guidance

  • Online tools and resources

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  • Satisfaction Guarantee²

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View important information about our online equity trades and Satisfaction Guarantee

Advantages of a Traditional IRA

  • Grow potential earnings tax deferred

    May be a good option for those who expect to be in the same or lower tax bracket in the future as you'll pay ordinary income tax on your withdrawals.

  • No income limitations to open an account

    However there are annual contribution limits to the account.

  • Current year contributions may be tax-deductible

    Depending on your income level or if you don't have an employer sponsored retirement plan your contribution is fully deductible. 

Fees and Commissions

Open an account with a $0 minimum deposit plus get $0 online listed equity trade commissions3, regardless of your account balance or how often you trade.

View important information about our fees and commissions

Benefits of a Traditional IRA with Schwab

  • Retirement planning tools and resources

    Schwab offers planning resources, calculators and retirement income strategies, to help you plan for the future.

  • Investing Insights

    Stay informed with the latest marketing commentary, insights, and investing ideas from Schwab experts. 

  • Get support 24/7 + convenience of 300+ branches

    Call our financial professionals anytime. Plus get local support at a branch near you.

Accounts in multiple places? We are here to help you transfer.

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Common questions

Account Opening and Funding Questions

Account Opening and Funding Questions

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