You can contribute to your Stash Retire account at any time, but there are some guidelines:

Yearly Contribution Limits

49 years old or younger: $7,000

50 years old or older: $8,000

 

Tax Deadlines

The deadline for contributing to your IRA for the current tax year is the same as the tax filing deadline. Typically, this is April 15th each year but the date can change, so please double-check with the IRS and/or a tax professional.

When you make a contribution to your IRA, you’ll be asked which year you would like the contribution to go toward. If you’ve already maxed out your IRA for the previous year, you’ll only be able to contribute toward the current calendar year’s IRA contribution limit. 

And don’t worry—if you’ve already filed your taxes, you can still make a contribution. 

Stash does not provide legal or tax advice. If you have questions regarding your unique tax and legal situation, please consult a tax or legal professional.

Roth IRA: Withdrawals of the money (Contributions) you put in are penalty and tax free. Prior to age 59 1/2 , withdrawals of interest and earnings are subject to income tax and 10% penalty. All earnings are tax free at age 59 ½ or older, assuming your first contribution was more than 5 years prior. Income Eligibility applies.  

Traditional IRA: Withdrawing prior to age 59 ½, generally means you’re subject to income tax and a 10% penalty. Withdrawals after age 59 ½ are only subject to income tax but no penalty.