Give your retirement a boost
Fund your future with our dollars! We’ll match 1% of your net Roth and traditional IRA contributions until December 30, 2024.
You must click below to be enrolled in this promotion.
You must click below to be enrolled in this promotion.
Conditions apply. See offer terms.
How your IRA match works:
An IRA is one of the best ways to save for retirement—here’s how we can make it even better for you.
- Sign up and open a new Roth or traditional IRA
- Contribute to your IRA throughout 2024, rollovers not included
- Receive a 1% match on net eligible contributions (up to the annual limit) at the end of the year!
Conditions apply. See offer terms and FAQs.
What makes Betterment’s IRA better?
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Special tax benefits.
IRAs offer tax breaks to let your money grow and compound faster than it would in a taxable account. -
Automated technology.
We make investing easy by putting it on autopilot, handling all the trading, rebalancing, and dividend reinvesting. -
Retirement tools.
We build you a personalized plan, calculate how much to save, and adjust as life changes.
Pick from our tax-advantaged IRAs to meet your financial situation.
IRAs come with questions. We’re here with answers.
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An IRA (individual retirement account) is a personal investment account the government created to help you save for retirement.
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The difference mainly comes down to how and when you’re taxed. A Roth IRA might be a good choice if you expect your future tax rate to be higher. This is especially true when you're early in your career and anticipate earning more in the future. Paying taxes on your Roth contributions now can help you avoid a larger tax bill during retirement.
On the other hand, if you think your future taxes will be lower, a traditional IRA might be better. You also have an upfront tax deduction, which if you’re eligible, means more money to invest now.
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There are income limits to restrict high earners from contributing to a Roth IRA. However, you can use a "back door" conversion to move your money into a Roth IRA. We can help you make this Roth conversion to take advantage of tax-free growth.
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For just $4 a month or 0.25% annually, you get all the benefits of our automated technology: hands-off investing, expert-built portfolios, and guidance to help you grow your retirement.
Learn more about pricing -
There is no minimum age requirement to open either a traditional or Roth IRA, but you must have earned income.
There are no income limits for a traditional IRA. However, when considering a Roth IRA, your income plays a role in determining your contribution eligibility.
In 2024, single tax filers aiming to contribute to a Roth IRA must have a modified adjusted gross income below $153,000.
If married and filing jointly, your joint modified adjusted gross income must be under $228,000 in 2024. -
In 2024, the annual contribution limit for both Roth and traditional IRAs is $7,000 for those under 50, and $8,000 for those 50 and above.
You can still contribute to your 2023 traditional and Roth IRA up to $6,500 a year if you're under 50, or $7,500 if you're 50 or older until April 15, 2024.