Pricing-learn
Account Types
What is a Junior Roth IRA?
FutureMoney invented this account to best reduce how much your child pays in taxes on their investment gains.
The Junior Roth IRA allows you to invest for your child's education and retirement, simultaneously. The account begins as a 529 College Savings Plan that your child can access when they turn 18 to pay for higher education.
Funds in a 529 College Savings Plan grow tax-free and can be withdrawn without any tax consequences, as long as the funds are used for education-related expenses. For example, these funds could be used for tuition, room & board, books, and other supplies.
If they decide to continue investing and compounding their portfolio towards retirement, the account automatically converts into a Roth IRA.
Roth IRAs have similar tax advantages. The funds grow tax-free and can be withdrawn without paying any taxes or penalties when your child turns 59.5 years old.
Some restrictions may apply to the Junior Roth IRA.
Investments
How are investments managed?
Based on your risk tolerance, timeline, and goals, funds are invested into one of five pre-built portfolios.
Our team of investment professionals developed portfolios, consisting of low-cost index funds and ETFs, designed to provide a diversified exposure to the market.
Portfolios are tailored towards 5 different sets of investing goals and risk levels, varying from conservative to aggressive. No investment knowledge is necessary to get started as our investment advisors professionally manage your portfolio.
These advisors are available to answer your questions at any time, and they can adjust your portfolio based on your specifications.
Pricing
How much does it cost to invest with FutureMoney?
We pride ourselves on giving families the easiest, lowest-cost way to invest for their future.
We have two pricing structures: a subscription model and a management fee model.
- Accounts under $20,000 USD in assets typically pay $48 per year.
- Accounts over $20,000 USD in assets pay an annual 0.25% management fee, based on the average value of the account over the course of the year. The subscription fee is waived for these accounts.
All accounts have access to unlimited investment accounts, transfers & contributions, customer support, and tax optimization.
Families on the subscription pricing model may qualify for a discount. Families with an annual household income of $30k to $50k qualify for a 50% discount. Families with an annual household income under $30k can invest free-of-charge. Reach out to customer service to receive your discount.