Acorns Biggest Update in YEARS
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- Опубликовано: 4 авг 2024
- Acorns has just added the biggest new feature in years. Let's talk about the fine print and whether or not this fancy new IRA match is as exciting as it seems!
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0:00 Intro
1:08 Overall description
1:22 What EXACTLY gets matched
2:12 Contribution limits
2:49 Big vesting period
3:18 TAXES?? Dont worry
4:21 How to lose the match
5:08 Withdrawing money
7:34 Things I don't like about this
12:25 Compared to 401k match
13:53 Getting Acorns for "free"?
15:05 Compared to Robinhood Gold IRA Match
15:24 Secret
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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!
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.
^This doesn't mean I was paid to make this video, it means I have an affiliate relationship with the company which allows me to make money from you using my links to sign up for services.
Bro I just left Acorns and you do a video like this and I just go back lol😂😂
Brendan, again, thank you so much for keeping us up to date with this new data, may I ask what is the difference between Roth IRA with Acorns vs Fidelity or Charles Schwab?
Thanks in advance.
@@Money_Chef there’s no difference in the account itself, mmmmaybe a few different investing options but that’s minimal. The noticeable difference is the service itself and any incentives they offer.
First! And finally another Acorns video I’ve been asking for weeks! Keep them coming!
Mine was there when I went to later. “Squirrel holding dollar bill😂😂😂😂😂”
Robinhood still has a better offering in my opinion
Just direct deposit 250 to acorns and get all the free benefits and look at it as a saving account
Could you do an updated video on your thoughts that if you regularly invest with acorns I.e $10 a week plus round ups will the rate of return based on your portfolio be good over time?
I use Robinhood and have been investing $10-40 a day depending on my funds for the month and im up 12%
Brandon, have a question I used portfolio visualizer I currently have my kids invested in my schwabs custodial account on ticker symbol swlgx 70% and swppx 30% on the visualizer it says that it will gain more then acorns investment but it seems like the losses are bigger. Is it safe to go with acorn since it’s more diverse or rock with the average from what the visualizer says and stick with it
@@zacharyrivera7228 just to be sure we’re talking the same things, portfolio visualizer can’t predict returns, it just grows at the rate you pick.
Doesn’t it show history based on the ticker symbol?
So I don't have a Later account set up but when I click "set up later" it very clearly states the new 3% match. Maybe it's more hidden if you already have it set up
@@Bmarts93 Just because you said that I had to check again and it was there! I activated! Thank you!
I think the Robinhood match is the better route to take. Instead of paying $12 a month just to get this acorns match, you would make a ton more money in the market by putting that $12 into the market for free with Robinhood instead of paying acorns in my opinion. Thats with the free 1% IRA robinhood match
I don’t pay anything for premium. A direct deposit of $250 in checking would wave all fee
i think webull gets a 3% match for rollover... so this isn't good.
Just looking to trade and you want to pick your own stuff and risk it= Robinhood.
Looking for banking high apy checking and savings and investing and IRAs and custodial accounts basically everything after just trading stocks= Acorns
I love both of them for separate reasons and use both
What's with the axe? Not the first time it's been held and set down.
I know! I'm just asking questions
If any broker gives me a dividend tracker and projected timeline, I'll swap in a heartbeat
I don’t pay anything on premium as long as i have $250 direct deposit on their checking account plus i get $10k( i know is not much but it’s free)life insurance coverage
This is true! Pretty sweet if you were going to deposit $250+ per month anyway!
👍
Rain
Rain ☔️
401k offered by my employer is only 10c on the dollar, not dollar per dollar, kinda lame.
I mean a 10% additional gain is still nice. Not as nice as 100% but its something!
i have m1 finance.... way better. dont fall for the 1-3% match. they still make money on ya. many people will cash out before 4 years.
Brendan, I just saw in my email that if you upgraded to the $6 and and/or $12 a month Acorns will no longer waive your subscription fees. I can forward you the email if you wish.
@@chrisconsorte7893 well that’s interesting. Strange that the mighty oak section of the website still says it would be waived
@@BrendanEvan I found it rather odd too. Perhaps Acorns changed their minds?