Acorns

Acorns News: Acorns Introduces Savings Match For Kids And IRAs

October 31, 2024

Acorns Unicorn News - October 31, 2024

Acorns has launched new savings match programs aimed at enhancing financial planning for families. The initiative includes a 1% match for contributions to custodial accounts for minors and a 3% match for IRA contributions, offering both flexibility and tax benefits.

Acorns has launched a new savings match program called Acorns Early, specifically targeting UTMA/UGMA custodial accounts for minors. Announced on October 30, 2024, this program offers a 1% match on contributions for those subscribed to the Acorns Gold service. This initiative is designed to provide more flexible spending options compared to traditional 529 plans, along with tax benefits that allow a portion of the income to be tax-free annually. This development is aimed at enhancing investment opportunities for minors, offering greater flexibility in the utilization of funds. Additionally, Acorns Gold continues to offer a 3% match on IRA contributions, with 2024 contribution limits permitting a match of up to $210, or $240 for individuals over 50, subject to a 4-year hold period.

Disclaimer

Investing in private securities is speculative, illiquid, and involves risk of loss. An investment with Linqto is a private placement and does not grant or transfer ownership of private company stock. No guarantee is made that a company will experience an IPO or any liquidity event.

Linqto leverages advanced artificial intelligence (AI) technologies to generate Unicorn News to summarize updates about private companies. The news summaries and audio are both AI generated, based on the source(s) listed.