Great question! It may be possible to change your IRA plan. Before you do, consider these points.
Acorns Later offers 3 different types of IRA plans: traditional, Roth, and SEP. Each of these plans may have different terms, such as eligibility requirements, contribution limits, and income limits.
To make it easy for you, we automatically select the IRA plan best suited for you, based on the answer you provide when you set up your Acorns account. For example, your age, goals, and income.
You may not be eligible for another type of IRA plan, depending on its rules and requirements.
If you'd still like to discuss changing your IRA plan, please contact us and we’ll be happy to help you evaluate your options.
Remember, investing in your retirement as early as possible is like eating healthy now, for the long-term. The earlier you start good habits, the better.
To learn more about how much you should save for retirement, check out this article from Acorns Learn.
Thank you for giving us a chance to help you grow your oak!
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