Among the many online and mobile savings platforms, the Acorns app is perhaps one that offers superior value for the Gen X user. Specifically, the company has an Acorns Later feature that allows individuals to open and manage an IRA account.
The Acorns app is based on the concept of saving and investing automatically. Its special Gen X-friendly feature allows individuals to personalize their experience and set recurring contributions, as well as set aside money when they can. To diversify its platform, the Acorns Later feature boasts three types of individual retirement accounts, including Roth IRAs, traditional IRAs, as well as SEP IRAs.
The retirement-friendly service is also quite affordable as individuals can pay only $2 per month until they reach a $1 million investment with the Acorns app.