Like an employer contributing to a 401(k) via a 401(k) match, Later Match allows us to put our money into your future by contributing to your Acorns Later IRA.
For every new contribution you make to your Acorns Later retirement account, up to the annual contribution limit, Acorns will match a percentage of your contribution and automatically invest it into your Acorns Later retirement account. Match amounts are subject to a 4 year holding period explained here.
How much will be matched by Acorns depends on your subscription plan.
Match Rate Breakdown:
Subscription Plan | Match Rate On New Contributions |
Acorns Silver | 1% |
Acorns Gold | 3% |
Now for some examples:
- Let’s say you contribute $100 to your Acorns Later retirement account
- If you're in the $6 Silver plan, Acorns will match and invest 1% of $100 — or $1 — automatically in your Acorns Later retirement account. What this means is that after your contribution and Acorns’ match, you'll have $101 invested in your Later IRA.
- If you're in the $12 Gold plan, Acorns will match and invest 3% of $100 — or $3 — automatically in your Acorns Later retirement account. What this means is that after your contribution and Acorns’ match, you'll have $103 invested in your Acorns Later retirement account.
Please note, if you have a SEP IRA, we'll use the traditional and Roth IRA contribution and match limits outlined above.
To learn about Later Match eligibility, check out this FAQ.
Remember, you need to make new contributions to your Acorns Later retirement account to make sure you're getting all the bang you can for your buck.
Try setting up $5 a day or $25 a week Recurring Contribution! Check out Learn in your Acorns app to get up to speed on investing for retirement.
We’re excited to help you grow your oak!
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