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  • Potential gains accumulate tax-deferred—pay no taxes until funds are withdrawn in retirement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

Take the next step.



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 4.1 out of 5 by 472.
Rated 1 out of 5 by from Not what expected They say they offer personal financial guidance, but alias, no such thing. Made what on the website said was a personal appointment only to receive a phone call the day before saying they would make a phone consultation next week and that they don’t have one on one consultation.
Date published: 2018-08-21
Rated 5 out of 5 by from
Date published: 2018-08-21
Rated 1 out of 5 by from Poor support I sent a message, I called for advisor support and called the main number looking for advice on portfolio restructuring. After 3 attempts and 3 weeks, no reply from anyone.
Date published: 2018-08-20
Rated 5 out of 5 by from Switching to Schwab I have been with other firms and been lied to by them I would like to see schwab lower the expenses more on retirement date funds and create a index version of Market track allocation funds and lower the expense and gross ratios by 75 percent
Date published: 2018-08-20
Rated 1 out of 5 by from OPEN NEW ACCOUNT rep had no time for me- SPOKE TO 2 REPS - BOTH TRANSFERED ME TO SIT ON HOLD FOR 10 MINUTES
Date published: 2018-08-07
Rated 4 out of 5 by from
Date published: 2018-08-06
Rated 5 out of 5 by from good people great place to save and make money. thanks cashmere
Date published: 2018-08-02
Rated 5 out of 5 by from Professionals paired with really good technology - Great! Such a quick assessment of my question and resultant needs matched with technology that responds almost instantly. The phone call barely took a minute. All Done!
Date published: 2018-08-02
Rated 1 out of 5 by from IRS form 2439 Still have not received IRS refund. What is status of Form 990T filing by Schwab. Always received this refund by May or early June in past.
Date published: 2018-07-26
Rated 4 out of 5 by from
Date published: 2018-07-25
Rated 5 out of 5 by from It's all great! Easy, intuitive, great customer service and website user-friendliness
Date published: 2018-07-17
Rated 1 out of 5 by from Inherited IRAs I inherited an IRA that was set up at Schwab, and another brokerage account that had to go through probate. Schwab website is horrendous, you have to call anyone to get anything done and they don't do it correctly. The Estate Account is still sitting here with a balance even though it was supposed to be closed. I'm getting letters to take an RMD for the IRA but I can't find anywhere to set it up, and it was supposed to already be set up. Don't bother with this place.
Date published: 2018-07-08
Rated 4 out of 5 by from
Date published: 2018-07-04
Rated 5 out of 5 by from Great customer service! Knowledgeable Rep assisted with all options on my transaction.
Date published: 2018-07-03
Rated 5 out of 5 by from Amazing Research Tools Use the research tools to make informed decisions. It's so easy and educational and actually addictive. I was researching all day!!
Date published: 2018-07-03
Rated 5 out of 5 by from ease of transfers love the ability to do bank to investment transfers online easily. Safe and secure. thanks.
Date published: 2018-06-29
Rated 5 out of 5 by from
Date published: 2018-06-28
Rated 5 out of 5 by from
Date published: 2018-06-27
Rated 5 out of 5 by from
Date published: 2018-06-25
Rated 5 out of 5 by from
Date published: 2018-06-25
Rated 5 out of 5 by from Low fees, great selection Left one brokerage and immediately began saving $3000 yearly in fees! Had a question and extremely helpful rep provided accurate information and even followed up with a phone call the next business day. Excellent online tools and selection of funds-wish we made the switch sooner!
Date published: 2018-06-23
Rated 5 out of 5 by from Excellent Customer Service I just spoke with Caitlin who helped me set up a moneylink wire transfer. She was very kind, and patient with me. I greatly appreciated her assistance with this matter.
Date published: 2018-06-21
Rated 5 out of 5 by from
Date published: 2018-06-16
Rated 5 out of 5 by from
Date published: 2018-06-14
Rated 5 out of 5 by from Easy online servicing Just switched over to Charles Schwab on all my IRAs and investment portfolios! Great online and phone service, staff is friendly and helpful!!
Date published: 2018-06-13
Rated 5 out of 5 by from
Date published: 2018-06-12
Rated 5 out of 5 by from EXCLELLENT FORMAT OF ACCOUNTS
Date published: 2018-06-11
Rated 5 out of 5 by from My IRA experience I have a Roth and a regular IRA. Schwab has helped me trade sensibly. I appreciate the access to multiple financial products. My regular IRA has more than doubled since inception and I owe it all to you. I love that you have dividend reinvestment available which was not available elsewhere.
Date published: 2018-06-09
Rated 1 out of 5 by from no help I cannot get into my accounts to make changes...have had NO help from associates. only associates with whom I have met are only interested in my moving funds into accounts where they can make money
Date published: 2018-06-08
Rated 5 out of 5 by from
Date published: 2018-06-08
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