How do I withdraw funds from my Custom Portfolio?

To withdraw money from your Custom Portfolio, you have two options: you can either select a certain amount of money you want to withdraw, or you can choose a particular stock or ETF you'd like to sell. Either option will lead to us selling your assets and transferring you the balance. 

Withdraw a certain amount of money

Here's how to request a withdrawal if you have a certain amount of money you want to withdraw:

1. Log in to your Acorns account
2. Tap or click "Invest"
3. Tap or click "Withdraw"
4. Enter the amount you would like to withdraw
5. Tap or click "Withdraw" at the bottom of the screen
6. Follow the prompts to confirm your withdrawal

Remember: when you select a stock or ETF for your Custom Portfolio, you set a “target” for that particular stock. This target tells us what percentage of your future investments you’d like us to allocate to this particular stock. 

So, after you set the amount you want to withdraw from your Invest account, we'll calculate your withdrawal so your assets stay in line with your allocation targets from both your Base Portfolio and your Custom Portfolio. You can learn more about how these allocation targets work here.

Sell a particular stock or ETF

The other option to withdraw money from your Custom Portfolio is to completely sell all of your assets invested in a particular stock or ETF.

Here's how to do that:

1. Log in to your Acorns account
2. Tap or click "Invest"
3. Tap or click "Your Portfolio"
4. Tap or click "Edit"
5. Tap or click "Stocks and ETFs"
6. Scroll down to the stock or ETF you want to sell
7. Swipe left and tap the trash icon to remove the stock from your Custom Portfolio
8. Or, tap the stock or ETF, select the percentage, and scrub your target allocation to "0%"

Important tax considerations

It's important to know that a withdrawal can "lock in a loss" — what that means is if you sell any investments during a market dip, you aren't giving them the chance to recover. 

The only way to avoid that loss is to keep your money invested, if you can. Long-term investors who stick with it may very well give their money a better chance to recover and grow over time.

Withdrawals can also have tax implications. If you sell shares, 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.

Your tax situation is unique, so please consult a tax advisor or visit www.irs.gov with any questions. Acorns doesn't provide tax advice, but if you're having issues withdrawing funds or receiving an error, please contact us.