Q. Do I have to pay taxes on any money I make through my Stash account?
Like any investment, you will need to pay taxes on all realized capital gains, dividends and income interest. This means, if one of the funds you have in your portfolio increases in value, and you sell that investment at a higher value than when you bought it, you’ve made some money, and you need to…
Q. What tax documents should I receive?
Any specific questions related to filing your taxes should be directed to a tax professional. The available tax forms represent your account activity from the previous calendar year. If you opened your Stash account this calendar year, you will not receive tax documents until the next calendar year. Here’s an example of possible tax forms…
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. Will I get in trouble if I take my money out early?
Retirement accounts can have penalties for early withdrawal. For a Roth IRA: If you withdraw more money than the amount you’ve contributed, or are withdrawing greater than your contributions from your Roth IRA within 5 years of contributing towards your first Roth IRA, or under the age of 59 1/2, you may be subject to…
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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.
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