IRA for Your Retirement | Finhabits
Retirement — IRA

Put your money to work for your retirement.
Start your IRA today.

No minimum balance. No hassle. In your language.

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Latino couple planning their retirement with Finhabits
Roth IRA or Traditional IRA Choose based on your tax situation
Emma, your virtual financial guide Available 24/7 in your app
Diversified portfolios Managed by experts
SEC Registered
SIPC Protected
SSN or ITIN accepted

We've helped over 900,000 people learn better financial habits. Our members have invested more than $400 million with Finhabits. We're ready to help you too!

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Your retirement plan

Are you on track for the retirement you want?

Answer a few questions and we'll show you how your money could grow by age 67:

$
$
projected by age 67
Start your IRA with Finhabits

This is an illustrative example for informational purposes only. It assumes a nominal annual rate of 7% compounded monthly, constant throughout the entire period. Actual returns may vary based on market conditions and are not guaranteed. Tax implications depend on your personal situation. Consult a tax professional or visit the IRS website before making decisions.

Your options

Roth or Traditional — which one is right for you?

Both are great options. The best one depends on your current and future tax situation.

Traditional IRA

Pay less in taxes today

Ideal if you want a tax deduction this year

BenefitDeduct today, pay taxes when you withdraw
2026 Limit$7,500 ($8,500 if you're 50+)
IncomeNo limit; deduction depends on income and employer plan
WithdrawalsPenalty-free starting at 59½
RMDYes, starting at age 73
Roth IRA

Tax-free withdrawals

Ideal if you expect to pay more taxes in the future

BenefitNo deduction today, tax-free withdrawals
2026 Limit$7,500 ($8,500 if you're 50+)
IncomeEligibility based on income: ~$165K single / ~$246K married
WithdrawalsContributions: anytime. Earnings: 59½ + 5-year account
RMDNo — no required minimum distributions

Tax rules may vary based on your situation. Consult a tax professional and the IRS website to understand your particular case before deciding.

Have a 401(k) from a previous job?

You can roll it over into an IRA

If you changed jobs or have an old 401(k), you may be able to move it into an IRA and keep your money growing in one place.

Start your rollover today
How it works

Getting started can be easier than you think

1

Create your account

Sign up with Finhabits. The process may take just a few minutes, depending on identity verification.

2

Choose your IRA

Roth or Traditional based on your tax situation. If you have questions, Emma can guide you before you decide.

3

Automate your contributions

Set how much to contribute each month. Automation does the work so you just maintain the habit.

What our members say
"Finhabits is a way to grow your money, to learn how to invest your money."
Myriam C.
Finhabits Member
"Go for it, you won't be disappointed with Finhabits. That would be my message."
José P.
Finhabits Member
"You can achieve your goals as long as you build the savings habit, and the sooner you start, the more confident you'll feel about reaching your goal."
Olga G.
Finhabits Member
The testimonials presented are from individuals who were Finhabits users at the time they shared their comments. They were not compensated for their opinions. The experiences described do not necessarily reflect those of all users and are not a guarantee of future results.
Frequently asked questions

What people ask us most

Can I open an IRA with an ITIN, without a Social Security number?
In many cases, depending on the institution, it is possible to open an IRA with an ITIN if you have income reported to the IRS. Requirements may vary.
Tax rules may vary based on your situation. Consult the IRS website or a tax professional.
Can I have an IRA and a 401(k) at the same time?
Yes, in many cases you can have both accounts. Having a 401(k) may affect the deductibility of a Traditional IRA depending on your income.
Consult a tax professional for your specific situation.
How much can I contribute to my IRA in 2026?
The contribution limit for 2026 is $7,500 per year, or $8,500 if you're 50 or older (catch-up). For a Roth IRA, your eligibility depends on your income: approximately $165,000 if you're single or $246,000 if you're married.
Limits and requirements may vary. Consult the IRS website.
What happens if I need to withdraw money before age 59½?
Generally, withdrawing before age 59½ may result in a 10% penalty plus taxes on the amount withdrawn. With a Roth IRA, in many cases you can withdraw your original contributions without penalty. Limited exceptions exist.
Rules may vary based on your situation. Consult the IRS website before making this decision.
Roth or Traditional, which one is better for me?
It mainly depends on whether you expect to be in a higher tax bracket today or in the future. Emma can guide you, and a tax professional can help with your specific case.

Investment advisory services are offered by Finhabits Advisors LLC ("Finhabits"), an investment adviser registered with the SEC. Registration does not imply a certain level of skill or training. Past performance is not a guarantee of future results or returns. All investments involve risk and may result in loss of capital. All images are for illustrative purposes. Individuals shown are actors or spokespersons who have received compensation and are not Finhabits clients unless otherwise noted. Any testimonials regarding advisory services are representative of the client's opinion at the time they were provided. Securities are offered by Apex Clearing Corporation, a member of FINRA and SIPC. Securities in your account are protected up to $500,000. See SIPC.org for more details. By using this service and website, you agree to our Terms of Use and Privacy Policy. A person will only become a Finhabits client once they have signed the Finhabits advisory agreement and acknowledged receipt of all Finhabits disclosures. ETFs (Exchange Traded Funds) are provided by Vanguard and iShares, registered trademarks of Vanguard Group Inc. and Blackrock Inc.

Insurance services are offered by Finhabits Insurance Services LLC, a registered agency licensed in certain states. California License 6001946. See licenses for more details. In all other states, Finhabits Inc. offers information for educational purposes only. All information in this document, as well as any social media communications, is not an offer of insurance anywhere except in licensed states. Finhabits Advisors LLC is not a fiduciary with respect to the products or services of Finhabits Insurance Services LLC.

Before making a rollover transfer from a retirement account, you should carefully consider your personal situation and preferences. This information is provided for informational purposes and is not intended to be an individualized recommendation. Factors you should consider when evaluating a potential transfer include: investment options, fees and expenses, services, withdrawal penalties, creditor protections and legal judgments, required minimum distributions, and treatment of employer stock. Before deciding to make a rollover, you should research the details of your current retirement account and consult tax and other advisors if you have questions about your personal situation. Finhabits does not provide tax advice. Please consult a tax professional.

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