- Start in just minutes
- Automate deposits that can be paused
- Leverage potential tax benefits
- Get a diversified ETF portfolio
Traditional IRA vs Roth IRA
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.
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)
Finhabits’ cost is only a fraction of what traditional financial advisors charge.
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.
SSN or ITIN
There is no minimum initial deposit required to open a Finhabits IRA.
The expected long-term return of our investment portfolios for IRAs ranges between 4-8% per year.
The Finhabits IRA calculator helps you understand how your expected gains can change depending on your age, your weekly deposits, and the risk level of your portfolio. To get stared, enter your age, how much you can contribute per week (you can change to monthly later inside the app) and select a portfolio. Keep in mind that what you select in this calculator and the results shown are projections for demonstration purposes only. All securities involve risk and may result in loss.
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.
Yes, please contact the Finhabits support team and they'll guide you. Call 1-800-492-1175 or send an email to firstname.lastname@example.org.
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