How are fees calculated?
Your first month is free! After that, Fees will be calculated for the upcoming month based on the average daily balance of the previous month, NOT the account balance on the first, last or any single day during the month. The fee for the subject month will be assessed at or near the anniversary date on which your account was opened and will be calculated per the fee schedule as follows:
1) Accounts with an average daily account balance over $1 but less than $5,000 will be charged a fee of $1 dollar per month for Stash Invest and $2 per month for Stash Retire;
2) Accounts with an average daily balance of $5000 and greater will be charged a fee of 0.25% per year or about 0.021% per month. Example: For an account with an average daily balance of $5,000, the monthly fee would be about $1.04 per month;
3) Accounts that have an average daily balance of less than $1 will not be charged.
Q. How can I close my Stash Retire account?
You can close or withdraw funds from your Retire account in just a few simple steps. To initiate the process, contact support. First, you will need to sell any investments that you may have in your Retire account. This will make all funds in your account available to withdraw from your cash balance when we…
Q. What are fees for Stash Retire?
For Stash Retire accounts with average daily balances of less than $5,000.00 in the subject month, we will charge a fixed fee of $2.00 per month in advance. Investment advisory fees are not prorated for partial months. For Stash Retire accounts with average daily balances of greater than $5,000.00 in the subject month, we charge…
Q. Will I be charged a penalty if I close my Retire account?
Yes. If you have a Roth IRA, you may close your account and withdraw your funds at any time. However, if you have not yet reached 59 ½ years old, you may be subject to penalties and taxes by the IRS. This also applies to Retire accounts that have been open for less than five…
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