I already contribute to an IRA. Can I still use Stash Retire?
Yes, even if you already have a separate IRA you can still use Stash Retire.
What about the IRA contribution limits?
The annual IRA contribution limit set by the IRS is the total amount you’re allowed to put into all your IRAs.
If you’re 49 years old or younger
The yearly contribution limit to all IRAs (including Stash Retire) is $5,500.
If you’re turning 50 this year (or are older)
The annual contribution for people who are turning 50 this calendar year or older is $6,500.
How will I know if I’m close to my limit?
If you attempt to contribute more than $5,500 (or $6,500 depending on your age) into your Stash Retire account, you’ll get an alert from us telling you that you’re at your limit.
We also suggest keeping your own records of your contribution amounts to all your IRAs (including Stash Retire).
If you’re concerned about contributing more than the contribution limit for the current tax year, please consult with a tax professional (like an accountant) to help you understand your options.
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.
Related questions View all Retire
Q. What is the Subscription Plan offering for the “Beta Group”?
For a select group of clients, each plan will include Financial Counseling Advice (i.e Impersonal Investment Advice) as it relates to one or more guides, education materials about investing and financial planning, along with access to open brokerage accounts and a bank account.…0
Q. What is an ADR fee?
U.S. investors can invest in foreign stocks through something called an American Depositary Receipt, or ADR. These securities are issued by a U.S. bank that specializes in trading and represents shares of the foreign stock. They trade on a U.S. exchange like a regular stock. …3
Q. The 2021 Tax Season Dates You Need to Know
There are six important tax dates you should know for 2021. Tax Day is April 15, 2021. You can make 2020 IRA contributions until April 14, 2021, at 3 p.m. EST. Tax season is just around the corner. To help you get organized,…3
Didn’t find your question?
Tell us what you’re looking for, and we’ll search for resources that could help.Ask your question
Intro to Stash: Everything You Need To Know To Start Investing
The Stash Way is a few simple principles at the core of investing with Stash.
Fiduciary 101: Why it’s Our Job to be Your Advocate
It’s a big word that means a lot when it comes to handling your money. It defines a relationship built on trust and duty.
Debt and Equity: What Every Smart Investor Needs to Know
You can invest in debt & in equity, but do you really know what that means? We break down the jargon.