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Feb 27, 2025

Tips before the IRA Tax Deadline

Did you know you still have time to contribute to your 2024 IRA? Many people don’t realize that you can continue investing for last year all the way until April 15, 2025—giving you two extra months to boost your retirement savings and potentially lower your taxable income.

Don't leave money on the table—take advantage of this opportunity to maximize your retirement savings and tax benefits before the deadline!

💡Get started and contribute in minutes. Open an account Here

Why Contribute Now?

Tax Advantages – Contributions to a Traditional IRA may be tax-deductible, potentially reducing your 2024 taxable income. Roth IRAs grow tax-free, meaning future withdrawals won’t be taxed. 

More Time in the Market – The earlier you invest, the more time your money has to potentially grow through compounding. 

Boost Retirement Savings – Small contributions can add up over time, setting you up for long-term financial security- even adding a few dollars is a great first step

How to Invest Your IRA?

Consider an ETF like Match the Market, which follows the S&P 500. This broad-market index has returned 26% this year1, showing the potential of long-term investing in diversified funds.

Common Questions: What Investors Want to Know

At Stash, thousands of investors contribute to their IRAs each year. Here are some frequently asked questions:

1️⃣ How Much Can I Contribute? For 2024, the IRA contribution limit is $7,000 ($8,000 if you're 50 or older). Even small amounts now can grow significantly over time.

2️⃣ What Should I Invest In? A mix of ETFs and stocks can be a great strategy. Many investors choose broad-market ETFs for diversification while also adding individual stocks they believe in.

3️⃣ How Do I Make Investing Easy? The simplest way to build your IRA is by automating your contributions. Many Stash users set up recurring investments to steadily grow their retirement savings.

Easy to Start, Easy to Grow

Stash makes contributing to an IRA simple:

1️⃣ Open an account in minutes – No complicated paperwork. 

2️⃣ Set up Auto-Stash – Automate contributions, even with as little as $5.

3️⃣ Watch your money go to work – Your future self will thank you!

Building retirement savings doesn’t have to be complicated. Start today and set yourself up for financial success.

👉 Ready to invest in your future? Contribute to your IRA now.

Open an account Here

Written by

Ed Robinson

Ed Robinson is the CEO and co-founder of Stash, an industry-leading investing, banking and education platform empowering middle-class Americans to invest and build long-term wealth. Ed and his co-founder, Brandon Krieg, launched Stash in 2015 with the belief that all Americans deserve the advice, tools, and opportunity to begin their journey to financial freedom by investing in themselves, starting with just $5.

Stash does not monitor whether a customer is eligible for a particular type of IRA or a tax deduction. Clients should consult with a tax advisor.

1 Performance as of January 31, 2025. Click here for more details. Past Performance does not guarantee future results. The S&P 500® is a market value weighted index and is commonly used as a benchmark for the U.S. stock market. The historical average annual rate of return on the S&P 500 is around 9.69%. The lowest 12-month return was -43%, from March 2008 to March 2009. (Source: FactSet, annualized average return for the period of 12/31/2003 - 12/31/2023.) The rate of return on investments can vary widely over time, especially for long term investments including the potential loss of principal. This information is for educational purposes only and should not be construed as investment advice.