Ask Stash

Am I ready to open a Retire account?

Each person’s financial life is different, so there are no hard-and-fast rules for when it’s the right time to open a Stash Retire account.

If you’re trying to decide if now is a good time, explore why some people are deciding to open Stash Retire accounts these days.

Just remember: a Stash Retirement account is designed for retirement saving. This means you should plan on waiting until you are at least 59 ½ to start withdrawing the money in this account.

You may face penalties and/or fees from the IRS if you take money out of your IRA early or close your account, so please keep that in mind as you’re making your decision.

I think I might be ready. What kinds of accounts does Stash Retire offer?

If you’ve decided that saving for retirement is right for you, we offer two different types of individual retirement accounts:  A Roth IRA or a Traditional IRA.

When you’re registering process for a Stash Retire account, we will ask you several questions to help you figure out which account type is best for you.

How do I know I’m making the right choice?

Since everyone’s tax situation is unique, the easiest way to make choosing an account type easier is to speak with a tax professional (like an accountant) to figure out which one will give you the biggest, best benefits.

Learn more about the differences between Roth and Traditional IRAs.

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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