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Do I have to pay taxes on any money I make through my Stash account?

Like any investment, you will need to pay taxes on all realized capital gains, dividends and income interest. This means, if one of the funds you have in your portfolio increases in value, and you sell that investment at a higher value than when you bought it, you’ve made some money, and you need to pay taxes on that income. The same goes for dividends and interest earned from debt investments.

With your Stash Retire account, if you withdraw more money than the amount you’ve contributed, or are withdrawing greater than your contributions from your Roth IRA within 5 years of contributing towards your first Roth IRA, or under the age of 59 1/2, you may be subject to additional penalties and/or taxes. It’s best to consult with a tax professional about these potential penalties and/or taxes. However, if you are contributing post-tax dollars to your Stash Retire Roth IRA, and plan on keeping it in until you turn 59 ½, you don’t’ need to worry about these fees and taxes. You can withdraw your money tax-free, one of the benefits of a Roth IRA. And why we say, ‘Keep it in, let it grow!’

This information is subject to change and should not be considered legal or tax advice. Stash does not provide legal or tax advice and if you have questions regarding your personal circumstances, you should consult a tax or legal professional.

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