What is Stash Retire?
Stash Retire is retirement, simplified. It’s an investing platform that takes all the confusion and jargon out of planning for retirement.
By adding money to your Stash Retire account, a little at a time, you could be setting yourself up for a healthy nest egg. You can contribute up to $5,500 a year if you’re under the age of 50 and up to $6,500 a year if you are over 50!
With Stash Retire, you can choose from either a Traditional IRA or a Roth IRA and each account type has unique tax-advantaged benefits. When you sign up for Stash Retire, you will answer a couple additional questions to make sure we match you with the appropriate retirement account. If you have questions regarding which account is right for you, we recommend that you visit our Retire website or consult with a tax specialist.
With a Stash Roth IRA, you are contributing post-tax money, which allows for your account to grow tax-free. This means you won’t pay taxes on your money when you withdraw after the age of retirement. For more information on Roth IRAs and the income limits associated with this type of retirement account click here.
With a Stash Traditional IRA, you are contributing pre-tax dollars, which can make you eligible for tax deductions now and the funds you withdraw from your account in retirement are taxed at your ordinary income rate. For more information on Traditional IRAs and the advantages associated with this type of retirement account please click here.
Q. Will Stash tell me when to sell my stock shares?
You will be able to sell your shares of stock in the same way that you sell shares of an ETF today. For guidance on how to judge the performance of a company, we recommend that you consult all available resources on learn.stashinvest.com.
Q. What happens to my shares if a stock splits?
A stock split is similar to taking a $100 bill and splitting it into two $50 bills (or five $20 bills). The number of bills you hold increases, but the overall value of your money remains the same. If a stock that you own splits, the number of shares of stock on the market (or…
Q. Do I have voting rights?
Yes, you may have voting rights for some of the companies you invest in on Stash! You need to own at least one whole share of the stock though. Since we trade fractional shares for our customers, some of our users can hold less than one full share. As a shareholder, your voting power is…
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