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Traditional and Roth IRA
Investing for Retirement Made Easy
  • Start in just minutes
  • Automate deposits that can be paused
  • Leverage potential tax benefits
  • Get a diversified ETF portfolio
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What is an IRA?
Individual Retirement Accounts (IRAs) help people save and invest for their retirement while enjoying certain tax advantages. IRAs can be used by individuals who are self-employed, own a business, or simply want to invest with tax benefits. To encourage people to save long-term, the IRS imposes a penalty to withdrawals before the age of 59 ½.
TRADITIONAL IRA*
  • Get your tax benefits upfront
  • Don’t pay income tax on the money you put in
  • You pay income tax when you withdraw
  • Best if you already have an emergency fund
ROTH IRA*
  • Get your tax benefit when at retirement
  • Pay income tax in the money you put in
  • No income taxes for withdrawals after age 59½
  • Can be used in case of an emergency
Got a different goal?
Got a different goal?
Start here for any mid- to long-term goal →
Got a different goal?
Start here for any mid- to long-term goal →

You don’t need to be an expert to invest your money successfully. Finhabits does that for you.

Traditional IRA vs Roth IRA

Traditional IRA
Roth IRA
Funded with
Pre-tax dollars
After-tax dollars
Contribution Limits
$7,000 ($8,000 if age 50 or older)
$7,000 ($8,000 if age 50 or older)
Withdrawal Age*
Age 59½ and over
Age 59½ and over
Income Limits (2024)**
No income limits to participate
Modified AGI single $161,000/married $240,000
* Roth IRA: Early distributions or withdrawals of contributions and earnings could avoid tax penalties provided it is a qualified exception such as unreimbursed medical expenses, first-time home purchase, qualified educational expenses, death, disability, and health insurance costs, if unemployed. Traditional IRA: There are no income limits for Traditional IRAs, but there are income limits for tax-deductible contributions. Other rules apply to both IRAs. Please consult with a tax expert for more details.
Security is
everything
We manage your data with the same care as a bank.

There’s nothing more important to us than keeping your money and personal information safe and sound.

Finhabits is an SEC-registered investment advisor. With Finhabits, you can count on bank-level security that includes a 265-bit SSL-encrypted connection on our site.

And you can rest easy, since your money is held in accounts insured up to $500,000 by SIPC.

Expert investment portfolios
Our team has over 20 years of experience in asset management.

Finhabits uses exchange-traded funds. These ETFs include hundreds of companies like Tesla, Amazon, and Disney.

Finhabits diversify your portfolio investing in ETFs that include:

  • U.S. stocks
  • International stocks
  • Government bonds
  • Corporate bonds
  • Real Estate Investment Trusts (REITs)
How much does Finhabits cost?
Our Platform Subscription fee is $10 per month.
If your investment account balances go over $12,000, you automatically switch to an annual Asset Management fee of 1.0%

​We invest your money in low-cost index funds managed by BlackRock, Vanguard, and Goldman Sachs. These funds incur on average a fee of 0.12% per year, which is charged in addition to the fee you pay Finhabits. Additional custodian charges that are not part of the normal service may also be incurred. Please review our ADV Part 2 for more details.
How can you start investing?

1

Download the
Finhabits app
You can get started in Spanish or English. Our service is 100% bilingual.

2

Register with your
SSN or ITIN
Select an investment portfolio: Conservative, Aggressive, or Recommended.

3

Schedule your
deposits
Finhabits lets you connect your bank account to your Finhabits account within seconds.
Download Finhabits

You don’t need to be an expert to invest your money successfully. Finhabits does it for you.

Our services include:
More than 80,000 people have already invested with Finhabits!
Our services include:
Investment
Accounts
Three types of investment portfolios built to meet your financial goals — saving for an emergency, saving for retirement, or growing your wealth.
Automated
deposits
Finhabits lets you schedule weekly, biweekly, or monthly deposits. You can start with $10, $100, or $1,000. You decide!
Dividend
reinvestment
All the dividends you earn are reinvested to purchase more shares. This helps accelerate the power of long-term compounding in your investments.
Portfolio
rebalancing
Finhabits rebalances your portfolio regularly to ensure an appropriate asset mix for your investments.
Educational videos
and podcasts
Learning about money and financial habits can be difficult. That’s why the Finhabits app includes educational videos and podcasts about building good financial habits.
Bilingual App
& Support
The Finhabits app and customer support is available in both English and Spanish.
Frequently asked questions
How much money do I need to open a Finhabits IRA?

There is no minimum initial deposit required to open a Finhabits IRA.

Can I withdraw money from my IRA?

Yes, Finhabits allows you to withdraw your IRA money at any time. Keep in mind that the IRS may impose an early withdrawal penalty before the age of 59 ½ with the intention of encouraging you to save long-term. Under some special, qualified exceptions, you can withdraw money from your IRA without penalty. Rules vary depending on the type of IRA you have. Roth IRA allows you to withdraw your contributions at any time without any penalty or federal tax if you have met the 5-year account requirement. Other rules apply. Please consult with a tax expert for more details.

Can I transfer an IRA or 401k from another institution?

Yes, please contact the Finhabits support team and they'll guide you. Call 1-800-492-1175 or send an email to support@finhabits.com.

If you’ve scrolled this far, it’s because you care about your future

Invest your money with a real strategy
Take the first step today. ¡Sin compromisos!

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Investment advisory services offered through Finhabits Advisors LLC ("Finhabits"), an SEC registered investment adviser. Registration does not imply a certain level of skill or training. Investing involves risk. Past performance is not indicative of future returns. You may lose money. All visuals are illustrative only. Featured individuals are actors or paid spokespeople and not clients of Finhabits unless otherwise noted. Any testimonial of advisory services is representative of the client's view at the time it was collected. Securities offered through Apex Clearing Corporation, Member FINRA, SIPC. Securities in your account are protected up to $500,000. See SIPC.org for more details. By using this service, you hereby consent to our Terms of Use and Privacy Policy. A person shall only become a client of Finhabits when he or she has signed the advisory agreement and acknowledged receiving all disclosures from Finhabits. Exchange Traded Funds are provided by Vanguard and iShares, registered trademarks of The Vanguard Group Inc. and BlackRock Inc. ​
​
Insurance services offered through Finhabits Insurance Services LLC, a licensed producer in certain states. Go to licenses for more details. All information herein as well as any communication on social media is neither an offer to sell insurance nor an advertisement of insurance in any place except states with licenses. Finhabits Advisors LLC is not a fiduciary to insurance products or services.

Copyright © 2024 Finhabits Inc. All rights reserved.

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