What is a Roth IRA?
Roth is a type of individual retirement account (IRA). It allows you to invest in stocks, bonds, mutual funds, certificates of deposit, ETFs, index funds, etc. using the money you’ve already paid income taxes on.
With a Roth IRA, your earnings and dividends grow tax-free. This means you don’t pay income taxes on the money you take out of your Roth IRA after age 59 ½. This is the age you need to be to access this money without penalty.
Roth IRAs (and Traditional IRAs) have yearly contribution limits of $5,500 ($6,500 for people over the age of 50).
Related questions View all Tips & Guidance
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Q. Why can’t I add more investments to my Set Schedule?
You may have reached the Set Schedule investments limit. Stash has a limit of 500 Set Schedule allocations for all Stashers to avoid an error that could put your Set Schedules at risk of not executing. To add new investments to Set Schedule,…
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Q. What’s Plaid?
Plaid is a technology that allows for people to connect their financial accounts to a mobile application. It makes it possible for your external bank and Stash to talk to one another. When you link Stash to your external bank, Plaid encrypts your bank information,…
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Q. How do I opt out of Plaid?
You can easily opt out of Plaid in the app. Here’s how to get started: From the Home screen, tap your account icon in the top left corner Tap on Personalization & Data below Privacy & Legal Tap Opt-out of transaction data sharing at the bottom of the screen …
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