Q. What is Stash Retire?
Stash Retire is retirement, simplified. It’s a mobile-first 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. With Stash Retire, you can choose from either a…
Q. How much money can I contribute to my Stash Retire account?
The yearly contribution limit to all IRAs (including Stash Retire) is $5,500 if you are under the age of 50, or $6,500 if you turn 50 in the current calendar year. You can contribute to it anytime — just be aware that the once-a-year deadline for IRA contributions is the tax filing date, generally April…
Q. What is a Traditional IRA?
A Traditional Individual Retirement Account (IRA) allows you to invest in stocks, bonds, mutual funds, certificates of deposit, ETFs and index funds, among other investments using pre-tax dollars. That means you don’t pay taxes on it until you withdraw the money from the account after age 59 ½. When in retirement, you will pay taxes…
Q. How is Stash Retire different from other retirement accounts?
Stash is the only low-cost, self-directed (meaning you choose the investments) retirement platform with in-app educational services on the market today. With Stash Retire, you can create a risk-tailored portfolio that you can carry with you until you’re 59 ½. Plus, we provide helpful education guides, tips, and recommendations to make sure you understand all…
Q. I already contribute to an IRA. Can I still use Stash Retire?
The contribution limits apply to all IRAs accounts that you own. For example, if you own an IRA with Stash and an IRA with XYZ Financial, you would only be able to contribute $5,500 across the two accounts. Meaning if you deposit $3,500 to your Stash IRA, you would only have $2,000 left available to…
Q. 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 and index funds, among other investments using the money you’ve already paid taxes on. With a Roth IRA, your earnings and dividends grow tax free — which means you don’t have…
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