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Traditional IRA

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Open a Traditional IRA for a tax-smart way to save for retirement.

Ready to get started?

Open a Traditional IRA

Here’s what you’ll need:

  • Social Security number
  • Driver’s license number
  • Employer’s name and address
  • Statement information for assets or cash you may want to transfer
  • Beneficiary information
  • No fees to open or maintain your account—other charges may apply1
  • A range of stocks, bonds, ETFs, mutual funds, and CDs to choose from
  • Easy access to financial professionals and investment tools

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: $4.95 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:

  • 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  • Potential gains accumulate tax-deferred—pay no taxes until funds are withdrawn in retirement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

See Client Reviews

Quick answers to related questions

Have questions about our Traditional IRA? Here are responses to some of the most common questions we hear. If you have a specific question, please call us at .

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Helpful Resources

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.

Individual Retirement Account is rated 4.2 out of 5 by 801.
Rated 5 out of 5 by from
Date published: 2017-11-21
Rated 5 out of 5 by from
Date published: 2017-11-21
Rated 1 out of 5 by from new format for account info. The new system does not work on my computer... un stable... a move of the mouse radically changes the screen.. un able to read.
Date published: 2017-11-21
Rated 5 out of 5 by from Excellent Customer Service I have spoken with two representatives on two different occasions and they were both very helpful.
Date published: 2017-11-17
Rated 1 out of 5 by from no listing for RMD I am in my IRA account but there is no listing for RMD and your seach engine also doesn't know how to execute RMD
Date published: 2017-11-15
Rated 1 out of 5 by from CAN'T FIND BENEFICIARY INFO ON THE WEBSITE I have looked everywhere and can't find how to change my beneficiaries online. Your chat feature produces an error message. I really shouldn't have to make a 20-minute phone call for this.
Date published: 2017-11-14
Rated 4 out of 5 by from My Schwab account has allowed me to invest on my terms without any hassle or unneeded advice. Minimal Fees, and the Flexibility I need to manage my account wisely
Date published: 2017-11-14
Rated 5 out of 5 by from easy to manage great web site
Date published: 2017-11-14
Rated 1 out of 5 by from Lousy service Never got a call from my advisor on things I can change to increase my income and never told me about an income rider.
Date published: 2017-11-10
Rated 5 out of 5 by from
Date published: 2017-11-09
Rated 2 out of 5 by from Sloppy Website I came over from optionsXpress and I am grossly disappointed. Many ox features have disappeared and have been replaced by nothing. Schwab was obviously ill prepared for the change over despite over two years of fiddling with the ox accounts.
Date published: 2017-11-09
Rated 4 out of 5 by from User Friendly Website As a Schwab customer for 30+ years, I like its website features in all areas, especially in Trade and Research tabs. When I opened the Roth IRA account last year, there was an issue due to my past consulting assignment with a financial institute and this Roth IRA was stalled for 3+ months. I felt helpless when I stopped by a Schwab branch. They did not bother to check my account nor have enough knowledge to assist, very disappointed. It deserves a 4-start with that flaw; otherwise, definitely a 5-star in prior years.
Date published: 2017-11-09
Rated 5 out of 5 by from Self - managing Investment Tools Great flexibility in managing moderate portfolio while holding down fees. After dealing with snooty but ineffective "full service" brokerage firms for years, I have found my dream FULL SERVICE brokerage with terrific customer service and low costs. I only wish I had moved earlier!
Date published: 2017-11-09
Rated 5 out of 5 by from
Date published: 2017-11-08
Rated 5 out of 5 by from Steady and Solid Schwab has made everything so clear, concise and complete. I completely trust what they offer and recommend.
Date published: 2017-11-08
Rated 5 out of 5 by from Great company I am new to Schwab, but I don't know if I have ever received better customer service in my entire lifetime from any company. I have made numerous calls to ask questions and get info, and each time throughout the process the representatives have been very kind and informative.
Date published: 2017-11-08
Rated 5 out of 5 by from 401 K C/S has executes all my orders as directed.
Date published: 2017-11-08
Rated 5 out of 5 by from
Date published: 2017-11-04
Rated 5 out of 5 by from
Date published: 2017-11-03
Rated 5 out of 5 by from Love trading with Schwab We love trading with Schwab. They have staff for guidance when you need it and let you make your own decisons when you don't. There is always plenty of research material to give you the data and help to make the right decisions.
Date published: 2017-11-03
Rated 5 out of 5 by from Great for beginners that are getting their feet wet. for a learning experience in investing. I had no prior experience and found it exciting and rewarding.
Date published: 2017-11-02
Rated 5 out of 5 by from
Date published: 2017-11-02
Rated 4 out of 5 by from
Date published: 2017-11-01
Rated 5 out of 5 by from
Date published: 2017-11-01
Rated 5 out of 5 by from Great experoence I have been with Schwab 17 years and have gain a lot of knowledge throughout the years.
Date published: 2017-10-30
Rated 4 out of 5 by from Schwab Has Been My GoTo Financial and Investment Advisor I really like Schwab and the services they offer. I have been a customer for over 25 years.
Date published: 2017-10-29
Rated 5 out of 5 by from Excellent Service Schwab is an excellent provider of investment services for my self-directed IRA, from low trading costs, to complete accounting an assistance - I highly recommend their services!
Date published: 2017-10-27
Rated 5 out of 5 by from Happy so far- but what's next? I now have 13K in my IRA. I am almost 66. Should i keep investing or should I change my investing strategy?
Date published: 2017-10-27
Rated 5 out of 5 by from
Date published: 2017-10-27
Rated 5 out of 5 by from Everything you need to succeed Excellent research, execution, and security.
Date published: 2017-10-26
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