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Learn what an ira is, how it works, and compare the 4 main types—traditional, roth, sep, and simple iras—with key rules on contributions, tax benefits, and withdrawals. Expenses charged by investments (e.g., funds, managed accounts, and certain hsas), and commissions, interest charges, and other expenses for transactions, may still apply. Learn more about iras and how these retirement savings accounts can help you save for your retirement.

Individual retirement accounts can offer significant tax advantages as you save for your retirement No account fees or minimums to open fidelity retail ira accounts Explore ira solutions and open an account online today.

Any deductible contributions and earnings you withdraw or that are distributed from your traditional ira are taxable

Also, if you are under age 59 ½ you may have to pay an additional 10% tax for early withdrawals unless you qualify for an exception.

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