Today Acorns (internal link) announced a new service, Acorns Later – investing in a tax advantaged account according to your profile. Basically, Acorns will peruse your profile and ask some questions and recommend either a Traditional, Roth or SEP IRA. This IRA can be funded from recurring payments (like Betterment (internal link), or any other IRA servicer) or incidental investments you choose to make. The cost of Acorns Later is $1.00 per month. I already invest in IRA’s from Aspiration, and Betterment which, given the amount of money I have invested, have much preferable cost structures. Still, Acorns works well for some, and I have generally been very happy with their performance. My Acorns investment account is an aggressive one,Read More →

Acorns (internal link) announced new “found money” offers today from Mod Cloth, The Body Shop, Michael Kors. Vitamin World and KiwiCo. Investopedia (external link) defines found money as: “A sum of cash or financial account that the holder controls, has forgotten about, then rediscovered. Found money can refer to something as simple as leaving cash in a warm coat and finding it the next season, or a utility deposit that was uncollected after moving to a new address. Each state operates an unclaimed property agency to connect forgotten funds with rightful owners and many belong to a national database.” On Acorns, found money is essentially a rebate, except, rather than find money you previously held, here, the partner companies invest aRead More →

I just signed up for the waitlist for “Acorns Later” and IRA from Acorns. I already contribute to two IRA’s, one from Betterment and one from Aspiration, but I want to see what Acorns will offer. My equity stake in Acorns has done nicely for me, so I trust that their IRA will do the same.  I also like that their minimum initial investment is $5.00, which opens the advantages of IRA investing to a wide audience. If you’re interested in n Acorns Later IRA, just join the waitlist! Below is more information from Acorns’ FAQ: What is Acorns Later? Acorns Later is the first retirement account designed for the up-and-coming. It will let you automatically invest a percentage ofRead More →