Acorns Later offers three different IRA plans: Traditional, Roth, and SEP. The annual contribution limits can vary from plan to plan.
Visit irs.gov to find out the latest contribution limits:
Traditional IRA: https://www.irs.gov/retirement-plans/traditional-iras
Roth IRA: https://www.irs.gov/retirement-plans/roth-iras
SEP IRA: https://www.irs.gov/retirement-plans/plan-sponsor/simplified-employee-pension-plan-sep
Acorns will automatically stop the contributions once the maximum limit has been reached.
Your tax situation is unique, we suggest you consult a tax advisor or visit www.irs.gov with any questions about annual contribution limits. Acorns doesn't provide tax advice, but if you have any questions or concerns about your account, please contact us.
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