Acorns Biggest Update in YEARS

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Published 2024-07-02
Acorns has just added the biggest new feature in years. Let's talk about the fine print and whether or not this fancy new IRA match is as exciting as it seems!

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0:00 Intro
1:08 Overall description
1:22 What EXACTLY gets matched
2:12 Contribution limits
2:49 Big vesting period
3:18 TAXES?? Dont worry
4:21 How to lose the match
5:08 Withdrawing money
7:34 Things I don't like about this
12:25 Compared to 401k match
13:53 Getting Acorns for "free"?
15:05 Compared to Robinhood Gold IRA Match
15:24 Secret

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Disclaimer: Any financial or investing-related topics discussed on this channel are not from a professional investment advisor and are not financial advice for you. This is for entertainment and inspirational purposes only. My opinions are not reflective of the companies mentioned in the video. Also please know that many of the links I have in video descriptions like this one are affiliate links which means I may be compensated by the company whom you do business with at no extra expense to you. Thank you for your support!



Updated Acorns Affiliate disclosure as of 4/9/24:
Paid ad. Compensation provides an incentive to positively promote Acorns. The information and opinions presented are for informational purposes only and represent the views of the promoter as of the date created and are subject to change. Investment advisory services offered by Acorns Advisers, LLC, an SEC-registered investment adviser. View important disclosures at www.acorns.com/brendan/ and Acorns.com.

^This doesn't mean I was paid to make this video, it means I have an affiliate relationship with the company which allows me to make money from you using my links to sign

All Comments (21)
  • @Money_Chef
    Brendan, again, thank you so much for keeping us up to date with this new data, may I ask what is the difference between Roth IRA with Acorns vs Fidelity or Charles Schwab? Thanks in advance.
  • Bro I just left Acorns and you do a video like this and I just go back lol😂😂
  • Mine was there when I went to later. “Squirrel holding dollar bill😂😂😂😂😂”
  • @CocoaFps
    Just direct deposit 250 to acorns and get all the free benefits and look at it as a saving account
  • @tommynybeck5106
    First! And finally another Acorns video I’ve been asking for weeks! Keep them coming!
  • @tommynybeck5106
    Could you do an updated video on your thoughts that if you regularly invest with acorns I.e $10 a week plus round ups will the rate of return based on your portfolio be good over time?
  • Brandon, have a question I used portfolio visualizer I currently have my kids invested in my schwabs custodial account on ticker symbol swlgx 70% and swppx 30% on the visualizer it says that it will gain more then acorns investment but it seems like the losses are bigger. Is it safe to go with acorn since it’s more diverse or rock with the average from what the visualizer says and stick with it
  • @Bmarts93
    So I don't have a Later account set up but when I click "set up later" it very clearly states the new 3% match. Maybe it's more hidden if you already have it set up
  • @little1233s
    Robinhood still has a better offering in my opinion
  • @melry5460
    I don’t pay anything on premium as long as i have $250 direct deposit on their checking account plus i get $10k( i know is not much but it’s free)life insurance coverage
  • I think the Robinhood match is the better route to take. Instead of paying $12 a month just to get this acorns match, you would make a ton more money in the market by putting that $12 into the market for free with Robinhood instead of paying acorns in my opinion. Thats with the free 1% IRA robinhood match
  • @yourmanzach2307
    i think webull gets a 3% match for rollover... so this isn't good.
  • @winb83
    What's with the axe? Not the first time it's been held and set down.
  • Just looking to trade and you want to pick your own stuff and risk it= Robinhood. Looking for banking high apy checking and savings and investing and IRAs and custodial accounts basically everything after just trading stocks= Acorns
  • @Xairos84
    If any broker gives me a dividend tracker and projected timeline, I'll swap in a heartbeat
  • @WrenGeyer
    401k offered by my employer is only 10c on the dollar, not dollar per dollar, kinda lame.
  • @yourmanzach2307
    i have m1 finance.... way better. dont fall for the 1-3% match. they still make money on ya. many people will cash out before 4 years.