Acorns Later Retirement Account Review – Acorns Roth IRA vs Traditional IRA

by | Jan 28, 2023 | Vanguard IRA | 33 comments

Acorns Later Retirement Account Review – Acorns Roth IRA vs Traditional IRA




🌰 In today’s Acorns Later review we’re breaking down the Acorns retirement account and explaining the difference between the Acorns IRA and the Acorns Roth IRA. We’ll also briefly discuss the importance of saving for retirement regardless of your age. 🔽🔽🔽

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☑️ Acorns retirement account Explained – Timestamps:

0:00 – Intro
0:42 – What is Acorns Later?
1:28 – IRA Explained (Roth IRA vs Traditional IRA)
2:00 – Acorns Traditional IRA explained
3:26 – Acorns Roth IRA explained
4:23 – Acorns SEP IRA
4:52 – Acorns Later Portfolios
6:13 – Who Is Acorns Later For?
7:36 – When Should You Start Saving For Retirement?

❓ What are your thoughts on Acorns Later? Are you saving for retirement?

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★ INVESTING DISCLAIMER: This video, and YouTube channel, are educational and NOT financial or investing advice. I am not an investing professional nor do I offer suggestions on individual stocks. I share my opinions and experience on investing apps and platforms. Please invest at your own discretion.
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Thanks for watching today’s Acorns tutorial video on the Acorns Later retirement account. If you enjoyed it please consider subscribing for more investing app reviews, tutorials, and comparisons.

See also  Want to Minimize Taxes and Boost Retirement Savings by Taking Social Security Benefits Early? You Could Have an Additional $500k!

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About this video:
In this Acorns app tutorial, Erik from Everyday Investing goes over Acorns Later, the Acorns retirement account. He covers the differences between a Roth IRA vs Traditional IRA and discusses why saving for retirement is never a bad idea.

* Sponsorship Disclaimer:
Today’s video is not sponsored and all the opinions expressed in this video are from my own thoughts and experience.

**Affiliate Disclosure:
This video and description contain affiliate links. As an Amazon Associate and an affiliate of other companies, I earn fees from qualifying purchases and referral commissions from qualifying leads and registrations.

If you have any questions about the Acorns traditional IRA vs Roth IRA, feel free to drop me a comment below and I will do my best to answer it as soon as possible!

#EverydayInvesting #Acorns #AcornsApp…(read more)


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33 Comments

  1. Vori

    Super late on this and I hope you are still commenting. I did research and correct me if it wrong please.

    So I don’t have a retirement fund and it seems acorn is a good option for beginners that aren’t active investors. (If you have other recommendations for Roth IRA that helps you such as acorn let me know please).

    Also the question I wanted to ask, for the Roth IRA, from research it seems to say you do not have to report deposits for income taxes? Is that true.

  2. ERIC RODRIGUEZ

    In the hypothetical invest projection where it shows how much money you receive as years pass do you get that money or underneath it where it says return

  3. chris consorte

    Could Acorns IRA be used a emergency fund. I know that’s not what Acorns is designed for, but a savings account could be useful.

  4. LongIsland_Stacker

    Is there any difference in having the basic Acorns account in comparison to their retirement accounts? I dont plan on taking this money out till im retired anyway… do you recommend i leave it the way it is?

  5. Kurt russelle Khali?

    I am new at acorn and currently I'm still confused if do I need to invest for later or just invest for future,

  6. Carlos Fragela

    What’s the main difference between the core investment and the IRA investment? With the core investment I can just withdraw my money at any age

  7. Carlos Fragela

    I am so confused
    If you already have the option to invest in the core investment without the 59 age minimum then what’s the point of later?

  8. chris consorte

    Question-Can you just use the investment account for roundups only and make daily contributions into your Ira with acorns?

  9. Brandon 4523

    I’m trying to decide but I’m still confused

  10. Anna Arma

    How does this compare to Fidelity?

  11. Karla A.

    Great videos! I found them to be very beneficial

  12. MrCamillion1

    Hope you can reply to this. Does a rebalance have to occur automatically or can that be optional

  13. Kevin Macarubbo

    Hello sir, what IF I keep investing on acorn until I’m of enough already without getting the retirement plan? Is there any concerns that needs to be worry about because I’ve already had one investment retirement already on my job. Thank you, your answer would be appreciated.

  14. Bobby Salazar

    Is this a good option at $4 a month???

  15. Russell A

    Can I choose Roth IRA or will acorns choose the IRA it wants for me ?

  16. Benjamin Yang

    Just started using acorns but no one really knows much about investing should I try investing in multiple apps or just stick with 1

  17. Crazy Cabin Couple

    Can I contribute anytime randomly? Say 10 one week 5 then next? With my additional monthly that I’m doing already?

  18. Sean Aleta

    This was helpful imma just drop this comment, this gentle tap on the like and my hit for the sub button

  19. Cris_ Nieves96

    I’m 23 and will be 24 in October I want to start investing in my future I’ve had nothing saved up nor I don’t have a 401K my goal is to have money set aside while I get everything together in life at the moment and future. So what would you recommend me doing ?

  20. Va K

    I give you money to be held till retirement & then you charge me $3 every month? No thanks! I would go for Fidelity or Vanguard which is free.

  21. Frosty808

    Is there a limit on how much you can put every month in your Acorns Roth IRA account?

  22. Savannah Esposito

    Great video! New to investing and my husband has used Acorns and I am now looking into Acorns. Would acorns be best for a regular and Roth IRA if one deposited a couple hundred per month into the roth IRA? My work 401k doesn't have match back, so a Roth IRA is something I've been looking into for a bit but haven't figured out which place I'd want to create my account with.

  23. Gary Hamilton

    Can you pick the stocks that you want to invest in? I notice acorn has pre selected portfolios.

  24. Gregory Edwards

    I have an acorns account and also an acorns later account. I use small reaccuring deposits and round ups for the regular one but can't seem to set up round ups for the acorns later account. Is there anyway to do this, as that is why I was going to use the acorns IRA…to take advantage of the round ups. Any help would be appreciated.

  25. Etc Hosts

    Can i write off acorns later when i do my taxes?

  26. Terrell Johnson

    Excellent content glad I found your channel

  27. Adriana Ojeda

    So I already have a 4O1k throughly by job, would you recommend me having my own individual IRA on the side as well?

  28. 5raad089

    Does Vanguard charge a monthly fee? I know Acorns charges a monthly fee for $2 for acorns later but I am also looking for a roth ira with no fees

  29. Mary Namondo

    Thanks very for the explanation. Can you lose money in your Acorn later account as you can with the acorn saving account?

  30. Elion Chong

    Is there any major differences between opening a Roth IRA with M1 finance vs Acorns? Is one better than the other?

  31. G Guy

    Would this be good for a new investor? And where would you recommend Opening a new Roth IRA at?

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