Stash Retirement review quick take: Stash IRAs are tax-advantaged retirement accounts that can help you invest for retirement.
What is a Stash IRA?
With Stash retirement IRAs, you can invest using tax-advantaged accounts, such as a traditional or Roth IRA, and access guidance and investment recommendations.
Open your Stash Roth IRA account in 2 minutes.
How Stash Retirement Work
Stash is a low-cost retirement platform with in-app educational services that allows you to choose your investments. With Stash IRA, you can create a portfolio tailored to your interests, risk profile, and goals that you can keep building until you’re 59 ½.
Stash Retire offers two individual retirement accounts–traditional and Roth IRA. IRA stands for Individual Retirement Arrangement and has special tax advantages.
Stash Roth IRA
Contribute post-tax money, which means you’ve already paid taxes on the money you’re contributing. Your money grows tax-free. Once you turn 59½ and have the account for five years, there are no withdrawal limitations.
Stash Traditional IRA
Contribute pre-tax dollars, which means you have not paid income taxes on the money yet. With a traditional individual retirement account, your money can grow tax-free until it’s time to withdraw. The money you contribute can be eligible for tax deductions, and the account is available to almost everyone who earns income.
Investing in a Stash IRA
- DIY investing or automated investing: Choose how you want to invest or have the robo-advisor create your portfolio.
- Invest automatically: set auto-savings to reach your goals.
The Stash “Retirement Portfolio” is not monitored. You must determine if you’re eligible for a particular type of IRA, a tax deduction, or if a reduced contribution limit applies. Withdrawing money before retirement can result in taxes, early withdrawal fees, and penalties assessed by the IRS. You should consult with a tax advisor.
Stash Investments LLC (‘Stash’) is an SEC-registered investment adviser. Stash Capital LLC is an SEC-registered broker-dealer and member of FINRA/SIPC.
Key Features
Similar to Stash’s taxable investing account, you’ll get the following features:
- Minimum Investment: $5 to start investing.
- Access to Tax Benefits: Save on taxes now or later.
- Make Automatic Contributions: Set up auto-invest to meet your goals.
- Retirement advice: Get help in building long-term wealth.
- No add-on trading commissions
Fees
To access Stash IRA, you must enroll in the Stash Growth plan.
- Stash Growth: $3 monthly for advice, investing access, banking, and $1k insurance.
- Stash+: $9 monthly for advice that includes family finances and market insights, investing access and custodial accounts, banking with 1% in stock on card purchases, and $10k insurance.
Pros and Cons
Pros
- No minimum account balance requirements
- Transparent monthly subscription fees
- Automatic savings
Cons
- No rebalancing
- No specific tax advice
Who is it best for?
Stash retirement accounts are best for beginners who don’t need personalized investment advice and have a good understanding of their risk tolerance.
Stash IRA Review
Stash is a legitimate company and Registered Investment Advisory registered with the SEC. The company has made it easy to start investing for retirement which makes this app perfect for beginners.
While conducting our Stash IRA review, we learned how the app has high ratings of 4.7 out of 5 stars in the App Store. However, it has a poor rating on Trustpilot due to confusion around monthly fees and deposit availability.
You can read our Stash Invest review for more information. And you can learn more about investing for retirement.
If you’re looking for personalized investment advice, you must go elsewhere.
Get Started with a Stash IRA here.
How to Start a Stash Retirement Account
Account Requirements
- Must be at least 18 years old.
- Social security number.
- Verifiable personal information.
Step-by-Step to Open a Stash IRA
The time needed: 3 minutes.
- Getting started
- Click “Get Started” to open an account, or click this link.
- Enter your information
- Submit your personal information, such as name, email, and password.
- Fund your account
- Add at least $5 to your retirement account.
- Choose your investments
- Choose between a traditional or Roth IRA.
Stash IRA Alternatives
There are alternatives to Stash IRAs, such as Acorns IRA and M1 Finance IRA. For more options, visit the marketplace.
If you need more guidance, consider a robo-advisor like Betterment, which offers investment advice and tax-coordination features.
Stash FAQs
Why Invest using IRAs?
IRAs can help you invest for retirement with potential tax advantages. Tax-advantaged accounts like IRAs are a retirement savings plan that offers tax benefits such as tax exemption or tax deferral.
- Tax strategy–depending on the IRA, you can save taxes now with a deduction or later with a tax-free withdrawal. With Roth IRAs, your contributions are from after-tax income.
- Grow your Investment with compounding and time.
- Withdraw contributions anytime with no penalty.
With Stash Roth IRA, you can add to your retirement plan with one-time or recurring contributions up to the IRS limit. Read the current IRS contribution limit.
Stash vs. Acorns
Both Stash and Acorns offer Roth IRAs and Traditional IRAs. The critical difference is how you invest in these retirement accounts. With Stash, you have more control over investments and can create your portfolio diversification. In contrast, Acorns provides a diversified portfolio and asset allocation using their ETFs.
Does Stash offer a Rollover IRA?
No, Stash cannot roll over other IRAs into Stash retirement accounts.
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