Q. How is investing different from putting money in a savings account?
Saving is putting money away in a safe location, commonly a savings account, for use at a later time. Savings accounts are great ways to put your money away in a safe place for future needs. However, savings accounts have their limits. Most savings accounts pay very low interest rates, which means that the money…
Q. Will Stash check my credit when I sign up?
No. Stash does not run a credit check or pull any information that would affect your credit score when you sign up. Stash uses your social security number and other information to verify your identity (that’s the only reason why we ask for it). For more information on why Stash asks for your information click…
Q. What is a 401(k)?
A 401(k) is a type of retirement account. It’s sponsored by an employer so only those employed by the company can contribute. You decide how much of your paycheck will go directly into your account through automatic payroll deductions, using pre or post-tax dollars. 401(k)s have a larger annual contribution limit, $18,000 for individuals under…
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