A record number of Americans are funding Roth IRAs — here’s how to open one

More Americans are saving for retirement through individual retirement accounts than ever before. New data from Fidelity shows IRA contributions surged 29% year over year in the first quarter of 2026, while the number of account holders actively contributing reached a record high — up 28% from the same period last year. The gains were largely driven by strong interest in Roth IRAs , which accounted for 67% of all contributions. Meanwhile, conversions to Roth accounts climbed 41% year over year. This growing interest in Roth IRAs certainly makes sense. Since contributions are made with after-tax dollars, investments in a Roth IRA can grow tax-free, and qualified withdrawals in retirement are also tax-free. Meanwhile, savers can withdraw their original contributions (not investment earnings) at any time without taxes or penalties, which offers added flexibility in an uncertain economy. Here's how to jump on the Roth IRA bandwagon. Starting to invest? Some brokerages offer commission-free stock-trading platforms. Offers in this section are from affiliate partners and selected based on a combination of engagement, product relevance, compensation, and consistent availability. Get a free stock added to your brokerage account when you link your bank account and fulfill the promotion conditions (keep it or sell after 2 trading days) Fees may vary depending on the investment vehicle selected. …