Recurring contributions are an excellent vehicle for ensuring that you are contributing to your IRA in smaller amounts. Putting your contributions on auto-pilot is a great way to save time, hassle, and ensure you are planning for the future. Making a one-time annual contribution to an IRA can be overwhelming, and making recurring contributions can alleviate that stress. Whether it is a one-time contribution or recurring contributions throughout the year, the key is to save for your future.
When making recurring contributions to your SoFi IRA we will aggregate your contributions (minus qualified rollovers) across all IRA accounts at SoFi. We can’t, however, know if you have made contributions to an IRA outside of SoFi. Please be sure to manage contributions carefully if you are contributing to IRA accounts across more than one provider or institution.