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To reach your retirement goals, we recommend taking full advantage of tax-smart ways to save. With a Schwab Traditional IRA, you won't pay taxes on earnings until you make withdrawals, and you may get immediate tax benefits when you contribute.
What are the fees and commissions?
- $0 account open or maintenance fees. Other account fees, fund expenses, and brokerage commissions may apply1
- Minimum required to open an account: $1,0002
- Commissions: $8.95 per online equity trade;3 $0 per Schwab ETF online trade in your Schwab account4
What do I get with this Traditional IRA?
Every Schwab account comes with investment help and guidance. With this account, you’ll get:
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- Immediate tax benefits if you qualify
- Potential gains accumulate tax-deferred—pay no taxes until funds are withdrawn in retirement
- Retirement planning tools and resources in Understanding IRAs
- 24/7 service and support
Ready to get started?
Need help? Call
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or call 866-855-5636
1. See the for Individual Investors (“the Guide") and any amendments to the Guide for comprehensive details on fees.
2. The $1,000 minimum required to open an account is waived if you set up an automatic monthly transfer of $100 through direct deposit or Schwab MoneyLink.
3. Restrictions apply: The $8.95 commission does not apply to foreign stock transactions, large block trading transactions requiring special handling, or restricted stock transactions. All broker-assisted and automated phone trades are subject to service charges. See the for details. Employee equity compensation transactions are subject to separate commission schedules.
4. Restrictions apply: Online trades of Schwab ETFs™ are commission-free at Charles Schwab & Co., Inc. (member SIPC), while trades of third-party ETFs are subject to commissions. Broker-assisted and automated phone trades are subject to service charges. A minimum $1,000 deposit is required to open most Schwab brokerage accounts. Waivers may apply. See the for details. All ETFs are subject to management fees and expenses.
Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.
Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO). SIDCO is not affiliated with Charles Schwab & Co., Inc.
This information is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends that you consult with a qualified tax advisor, CPA, financial planner, or investment manager.
Individual Retirement Account is rated
Rated 5 out of
I am doing AOK
I have been with Schwab for 0ver 30 years. Even before I open Schwab accounts, I knew and was convinced that no broker will be there to make my financial decisions for me. I never wanted them to. So I learned to invest myself. Contrary to common thinking, I don't think I spend lot of time doing it. Even when I was working full time as a busy doctor, I was investing myself. On and of I need some technical advises, I get it from Schwab without any problem. All in all I am very happy I have been with Schwab in the last 30+ years. I have been listening to MR Schwab's advise since the beginning of my investing activities: "have faith in the market."
Date published: 2015-07-04
Rated 5 out of
When I started my first Regular IRA at schwab I was told there would be no acct fees. Nearly twenty years later I still have not paid any account fees. I now also have a Roth and an inheirited IRA, and my wife has a Reg IRA, and we still don't pay any maintenance fees on any of them. Pretty Cool. When I started with schwab in ninety three they would provide a newspaper-like catalog for comparing Mutual funds. I really like how they have kept up with technologies year after year, to the point now where I have wonderful reasearch tools and up to the minute access to my account information.
Date published: 2011-02-20
Rated 2 out of
I have had both Rollover and Roth IRA's with Charles Schwab for over a decade and their performance has been less than impressive and even disappointing to say the least. I believe it would be helpful to receive annual feedback from dedicated Schwab professionals who understand the IRA accounts, the current market performance, and available options, etc., in order to receive professional guidance re: longterm preparation for retirement and overall IRA performance and options. This would be very helpful to the average investor and middle class law-abiding American, who only wants to be able to retire comfortably and with confidence. Thank you.
Date published: 2011-12-05
Rated 5 out of
Easy to understand guildance and advice
After having been with several full sevice and many online brokerage firms over the past 40+ years, Charles Schwab's Customer Sevice Team, easy to use web platform, and investment tools are the best of the best. Chuck is fair, honest, and can answer any question quickly. They know how to return a phone call and always follow up to see if you have any additional questions. Their account promotional bonus perks will make any level investor smile. I also love the bill payer and direct deposit features for my Schwab non retirement accounts. Less time running around transferring money for me.
Date published: 2012-12-04
Rated 2 out of
Attends to the big guy not the small one
When I joined 'Schwab,I was with a large company and we got service. The representative was available often. Came by the plant and held meetings and assistance. When I left the company ,I continued with Schwab. They did not continue with me. I lost all contact with them.After a few years I tried to find them to no avail. They moved their offices and I didn't find them. I went to another office and was graciously told that they did not handle my account so, try to make contact with my rep. Even today,i have questions and the only help I can get is the corporate phone contact. I may have avoided many pitfalls if I had some assistance and guidance
Date published: 2011-03-10
Rated 1 out of
Schwab doesn't live up to it's Commercia
I'm an average investor who saves every month towards retirement hoping the money will be there when I need it. But Schwab may have better window dressing than the others but does not deliver straight talk it advertises. It's actions are no different from Wall St. in general. twice I've had issues with money not being deposited into the right accounts and staff seem clueless about resolving it, "talks down" to me. Now I believe it's done intentionally to make them money not me. I believe I have about a 50/50 chance my money will be there when I retire but I'm sure Schwab and Wall St. will have there's.
Date published: 2011-06-02
Rated 5 out of
Exactly what our situation requires.
We needed a low-cost setup to manage four self-directed IRA's (two Roth, two traditional). Schwab has met that need for two decades. Our capital accumulation and distribution plans dictate our investment strategy, which we spread across all accounts. Two were subject to "substantially equal payments" withdrawals, so are treated very different from the Roths, whose emphasis is on making payments of deductible and tax expenses. They have served us flawlessly through twenty years of early retirement. And really, we can't ask more than flawless service, tuned precisely to our needs. Combined with the banking arm it has met virtually all our financial needs.
Date published: 2014-08-15
Rated 5 out of
Scwab Products - Convenience and No Fees
The process of submitting a roll over IRA was fast and completely done without any issues or fees and the process is very simple and easy to follow with great results. All of Schwab products make my life easier and are convenient to use. I no longer have to stand in line at a bank to deposit a check because I can deposit a check via my Android App. I can use any ATM in the world without incurring a fee from Schwab and other banks fees are reimbursed monthly. It is amazing how convenient Schwab products make my life more convenient and save me money in the process. No more fees, but I have convenience and earn interest as well on my deposits. I would recommend doing business with Schwab at any time.
Date published: 2011-12-12