Q. 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…
Q. What is a Roth IRA?
A Roth account is a type of individual retirement arrangement (IRA), which 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. This means you don’t have to…
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 Arrangement (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. 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.
Q. Can I transfer money from my Stash Invest account to my Stash Retire account or vice versa?
Unfortunately, Stash does not support transfers to or from Invest, Retire, or Custodial accounts at this time. In order to move the funds, you would need to sell and withdraw the funds back to your linked bank account. In the future, you will be able to transfer funds from your Stash Banking account to your…
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