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. 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. Who is Stash Retire for?
Stash Retire is for people like you who want to start saving for retirement but haven’t known how or where to start. Stash Retire can be used in addition to your employer sponsored 401(K) or if you’ve never saved for retirement before. All you need is $50 to start.
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. 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. 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. When can I take my money out of Stash Retire?
Ideally, you want to keep this money growing until you’re 59 ½ years-old. This is how you get the greatest tax benefits from your Stash Retire investment. If you have any questions about withdrawing funds from your Stash Retire account, it would be best to consult with a tax advisor.
Contact our customer experience team to get your questions answered.Contact Support
Now That’s What I Call an Investment! ETFs Explained
You may have heard that Exchange-Traded Funds are a great first investment. But what's an ETF? We use a helpful analogy to break it down.
Stay up to date on IRA and learn something new each week.