Can I withdraw or transfer my money from my Acorns Later retirement account whenever I want?

The short answer is yes, you can withdraw funds from your Acorns Later IRA anytime.

But, it's important to know that making a withdrawal before you meet certain IRS requirements can come with tax implications and even penalties for many people, with only a few exceptions.

Specifically, withdrawing funds early from your Acorns Later retirement account could result in an additional 10% tax, and possibly income taxes and other penalties. You can learn more on the IRS website.

If you’re still interested in making an Acorns Later withdrawal, here’s how.

Heads up — if you make a withdrawal or choose to close your account, you may receive important tax forms from Acorns that you'll need for filing your taxes. We'll email you more information when it's close to tax time, or you can check for tax forms under Settings.

If you want to withdraw your Later Match contributions, please review our FAQ: Can I withdraw IRA matches from my Acorns Later retirement account?

Your tax situation is unique, so please consult a tax advisor or visit www.irs.gov with any questions before making a withdrawal or removing funds. Acorns doesn't provide tax advice, but if you have any questions or concerns about your account, please contact us.

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