An account holder can set up a recurring investment for their IRA account, which will continue until the annual contribution limit for the year is reached but will automatically renew for the following year.
Please remember that you are responsible for monitoring any other IRAs you may have with other financial institutions as your annual IRS contribution limit applies across all IRAs. We recommend researching your personal tax situation or consulting with a tax advisor before making any potential rollover transactions, as Aspiration does not provide tax advice.
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You can set up or modify a recurring investment anytime on the website or mobile app:
Website
1. Log in to your account via the website
2. Click “Recurring Investments” on the left side of your dashboard
3. From here you can click the “New Recurring Investment” button OR “Create the investment” account you want to set up a recurring transfer into.
4. Choose a source for your recurring investment – If you have Spend & Save, those accounts will be included, along with any linked bank accounts you have.
5. Choose an amount, how often you want the transfer to occur, when you want the recurring investment to start, and an optional nickname for the recurring transfer.
6. After you click Continue, you'll be taken to a confirmation screen
7. If everything looks correct, click the black button to confirm.
On the Mobile App:
1. Log in to your account via the mobile app
2. Click “Manage” at the bottom of page
3. Click the Recurring Investment under the “Move your money” section.
4. There should be a “Schedule & History” tab at the top, make sure you’re on “Scheduled”
5. Click on “Set Up”
6. Click “Edit” in the top right
7. Enter the details of the recurring investment and click “Preview”
8. Click “Schedule this Recurring Investment”
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