Annual contribution limits for your combined IRAs are adjusted periodically by the IRS. You can contribute up to $5,500 ($6,500 if age 50 or older) in 2017 and 2018.
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 but you may incur taxes and/or penalties if, for example, you are under age 59½ and have held the account for less than 5 years.
Pay no taxes in retirement
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 $133k for tax year 2017 and $135k for tax year 2018. Married couples filing jointly must have a MAGI under $196k for tax year 2017 and $199k for tax year 2018.
Ready to Start? Speak to a Retirement Specialist 1-877-619-4608
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.
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.
Long-Term Performance
100% of our Retirement Funds beat their 10-year Lipper average as of 9/30/18.* Results will vary for other periods. Past performance cannot guarantee future results.
Frequently Asked Questions
Want to move existing savings into a Roth IRA?
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).
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.
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.