Ask Stash

I already contribute to an IRA. Can I still use Stash Retire?

Yes, even if you already have a separate IRA you can still use Stash Retire.

What about the IRA contribution limits?

The annual IRA contribution limit set by the IRS is the total amount you’re allowed to put into all your IRAs.

If you’re 49 years old or younger

The yearly contribution limit to all IRAs (including Stash Retire) is $5,500.

If you’re turning 50 this year (or are older)

The annual contribution for people who are turning 50 this calendar year or older is $6,500.

How will I know if I’m close to my limit?

If you attempt to contribute more than $5,500 (or $6,500 depending on your age) into your Stash Retire account, you’ll get an alert from us telling you that you’re at your limit.

We also suggest keeping your own records of your contribution amounts to all your IRAs (including Stash Retire).

If you’re concerned about contributing more than the contribution limit for the current tax year, please consult with a tax professional (like an accountant) to help you understand your options.

Stash does not provide legal or tax advice. If you have questions regarding your unique tax and legal situation, please consult a tax or legal professional.

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