Is there a penalty for withdrawing money from acorns?

The Acorns app is a platform for investing in exchange-traded funds and stocks. It does not have penalties for withdrawing your investments early, but you will want to remember that you owe any capital gains tax on any profit you’ve made since joining the company.

Overall, Acorns is a fantastic way to put your investment dollars to work without dealing with the hassle that can come with high-frequency trading. Once you get started, use these strategies to maximize your investment account’s potential, and then watch those dollar signs start piling up.

This raises the question: are you really risking that much? These investors represent some of the most respected and established individuals in the investment world, and if Acorns is a scam, they lost far more substantial amounts than you.

If you can do it yourself, Robinhood is great. If you can’t and want to pay someone for help, Stash or Acorns are both excellent products. But be aware that the cost comes at a price; $1 per month in fees means less money in your account over time.