When it comes to making a thoughtful decision between a Roth IRA and a Traditional IRA, it helps to understand the differences.

  Roth IRA Traditional IRA
Taxes Pay right away. Pay later, though Traditional IRAs are subject to deduction limits. A person may contribute to a Traditional IRA and be required to pay taxes right away.
Contributions Withdraw anytime without taxes or penalties. Might be tax-deductible.
Earnings Withdraw tax- and penalty-free at age 59½ if account has been active for at least five years. Grow tax-deferred. Generally subject to taxes when withdrawn, often in retirement.
Age restrictions None.   Must be under age 70½.
Eligibility Modified adjusted gross income limit (MAGI) for 2017 is $133,000 for single filers and $196,000 for married filing jointly. No restrictions on contributions, but possibly on deductions.  
Required minimum distributions (RMDs) None.   Must begin taking at age 70½.  
Why T. Rowe Price for a Roth or 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 a Traditional IRA/Roth IRA may be subject to an annual fee, and a fee may be assessed when a Traditional IRA/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 so you have more money in retirement. 

Want to Move Existing Savings Into a Roth 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

Roll over 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