Acorns “Later” Review (The Easy Way To IRA)
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- Опубліковано 1 лип 2024
- Acorns Later is the dedicated Retirement Investing part of the Acorns service. Is it worth using? What kinds of benefits are there? What accounts are you actually investing in? How do you (or does it) decide what kind of investments you are using? And what limitations should we be aware of when using these kinds of accounts?
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⏱Handy Timeline:
0:00 Intro
0:16 My favorite thing
1:02 What's different about Later?
1:35 List of benefits
2:24 What you are investing in
5:36 In app Acorns Later
8:49 How much you can invest
10:01 More resources from Acorns
10:23 Differences between the 3 kinds of accounts
10:40 Roth IRA
13:26 Traditional IRA
15:08 SEP IRA
17:30 1 more feature worth noting
18:56 Can you use Acorns Later AND a 401k?
19:57 How I invested
20:48 My opinions on Acorns Later
21:15 My Acorns 4 Year Review
21:32 Subscribe
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Disclaimer: Any financial or investing-related topics discussed on this channel are not from a professional investment advisor and are not financial advice for you. This is for entertainment and inspirational purposes only. My opinions are not reflective of the companies mentioned in the video. Also please know that many of the links I have in video descriptions like this one are affiliate links which means I may be compensated by the company whom you do business with at no extra expense to you. Thank you for your support!
As an Amazon Associate I earn from qualifying purchases.
Updated Acorns Affiliate disclosure as of 4/9/24:
Paid ad. Compensation provides an incentive to positively promote Acorns. The information and opinions presented are for informational purposes only and represent the views of the promoter as of the date created and are subject to change. Investment advisory services offered by Acorns Advisers, LLC, an SEC-registered investment adviser. View important disclosures at www.acorns.com/brendan/ and Acorns.com.
Additional Acorns Affiliate disclosure as of 5/16/24:
Acorns Later is an Individual retirement account consisting of a Traditional, ROTH or a SEP IRA selected for customers based on investor profile questionnaire answers.
Acorns does not provide tax or legal advice, you should consult with a tax or legal professional to address your particular situation.
Acorns Securities, LLC is a member of SIPC. Securities in the account are protected up to $500,000. For details, please see www.sipc.org. SIPC does not protect against market risk, which is the risk inherent in a fluctuating market.
Screenshots are simulated and for illustrative purposes only and must not be considered a prediction of performance or represent the performance of any Acorns portfolio.
Acorns is not a bank. Acorns Visa™ debit cards and banking services are issued and provided by Lincoln Savings Bank and nbkc bank, Members FDIC.
Roth IRA distributions made prior to age 59 1/2 and prior to the account being open for at least five years may be subject to 10% penalty.
Paycheck Split is a feature of Acorns Checking and Mighty Oak Card that automatically allocates a portion of your direct deposit into Invest, Later, Early and Emergency Fund accounts.
Subscribed. Great videos! Thanks for sharing all your knowledge.
Love your review videos, so helpful in deciding who to go with. I work for a bank that is planning on offering IRA's so looking forward to seeing how those are done and investment options.
Glad it was helpful!
I read on Acorns that Later match is coming soon. It will match Later contributions from 1% to 3%. A 3% Later match would make the $9 tier a better value for those who max out their Later account.
Where exactly did you read that??
@@BrendanEvan It's on Acorns website in the help center. Just google Acorns Later match and you will find it. UA-cam wont' let me post a link.
Love your videos and your passion of making Financial videos👏👏 can you make a similar video on Acorns Early?? I am debating whether to open it or not
I’d like to see a battle between acorns and someone just doing a random spy portfolio for beginners. If someone let’s say puts all there money in spy and maybe a Schwab international account vs acorns portfolio that’s more diversified for you. Is it worth it or is it now. I personally love acorns that does everything for you and also gives you a prediction. I also have Schwab’s investing but there’s not many tools to see the future or what I’m even doing
Probably not a huge difference in terms of the return honestly. Acorns is more about making the process easy.
I had the later account since I was 22 years old I need keep putting more into it
why were you holding that axe so awkwardly?
It’s hard to show an axe with elegance while sitting at a glass desk 😅
@@BrendanEvankeep holding the axe bro it’s your style looks fire bro keep it up ignore the noise.
i love acorns, using it for a month and take advantage of it all, later, high yield savings, weekly reoccurring and round ups, hoping when i retire in 15 yrs its an extra slab to go with my pension and 457.
Acorns is terrible. There's portfolio sucks