What is a Roth IRA?
A Roth is a type of individual retirement account (IRA). It allows you to invest in stocks, bonds, mutual funds, certificates of deposit, ETFs, index funds, etc. using money you’ve already paid income taxes on.
With a Roth IRA, your earnings and dividends grow tax-free. This means you don’t pay income taxes on money you take out of your Roth IRA after age 59 ½. This is the age you need to be to access this money without penalty.
Roth IRAs (and Traditional IRAs) have yearly contribution limits of $5,500 ($6,500 for people over the age of 50).
Related questions View all Tips & Guidance
Q. What is Stock-Back™ rewards?
Stock-Back rewards is our rewards program that lets you earn stock when you spend with your Stash debit card. For example, if you buy something from Amazon, we’ll reward you with AMZN stock.1 If the company isn’t available as an…1
Q. How much does Stock-Back cost?
It’s no additional cost to enroll in the Stock-Back program. In order to take advantage of Stock-Back rewards, you will need the following: Stash invest account. Learn more about what the fees are for Stash Invest accounts Stash debit card.…4
Q. Who are Stash’s insurance partners?
At Stash, we are looking to provide our users with affordable coverage options that make sense for your current life situation. All of our partners are focused on affordability while saving your hard-earned money. For these reasons we’ve chosen to…15
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