Everything to Know About Robinhood’s Retirement IRA
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Robinhood is renowned for pioneering the commission-free trading platform. Equally innovative are its accessible individual retirement accounts (IRAs): With a 3% IRA match on retirement contributions with Robinhood Gold, now might be a good time to consider building your retirement nest egg.
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What’s the 3% IRA Match?
Robinhood proudly introduces a groundbreaking 3% match program with Robinhood Gold, its premium subscription service. Earn up to 3% extra on every dollar contributed to a Robinhood IRA (within annual limits). That’s $210 on top of the $7,000 limit for 2024 contributions. Whether you transfer $1,000 or $1,000,000, there’s no limit on how much extra you can earn.
For a monthly subscription fee, gain access to exclusive features and benefits with Robinhood Gold membership, including the 3% IRA match. Enjoy these perks while potentially receiving $210 extra on contributions and unlimited retirement account transfers. Your first 30 days are free, then the subscription fee applies.
Ideal for the Gig Economy
Robinhood IRA can help anyone committed to building a financial future. Robinhood doesn’t require a traditional employer, making it perfect for independent workers, freelancers and consultants.
Not a Gold member? No problem. Users can still receive a 1% boost on all contributions, transfers, and rollovers.
Why Choose Robinhood Retirement IRA?
Beyond the 3% IRA match promotion, Robinhood offers a suite of features and resources to empower any retirement journey. From commission-free trading to intuitive investment tools, Robinhood provides resources to help take control of the financial future. While Robinhood does not charge commission fees, other fees may apply.
With its user-friendly interface and access to a wide range of investment options, including stocks, ETFs, and options for qualified traders, Robinhood allows users to build a diversified retirement portfolio tailored to their unique investment objectives.
Furthermore, Robinhood’s partnership with Capitalize* the process of transferring old 401(k)s, making it easier to consolidate retirement accounts.
Clients have the opportunity to earn up to 3% extra on every dollar contributed via Robinhood Gold. Visit Robinhood’s Retirement page to learn more and take the first step toward investing in your retirement.
Disclosures
Not a recommendation to transfer or rollover. A rollover is not your only option for an old 401(k). You generally have 4 options for what you can do with a 401(k) from a former employer. There are pros and cons to each that you should consider. This isn’t tax advice. Consult a tax professional to understand your unique situation. For more information, please visit Robinhood’s Help Center or FINRA’s site.
The 3% matching on contributions requires a subscription with Robinhood Gold (fees apply), must be subscribed to Gold for 1 year after your contribution to keep the full 3% match. The funds that earned the match must be kept in the account for at least 5 years to avoid a potential Early IRA Match Removal Fee. For more information refer to the IRA Match FAQ.
*Capitalize and Robinhood are separate and unaffiliated entities, and are not responsible for one another’s policies, services, or opinions. A rollover is not your only option for an old 401(k). For more information, please visit Robinhood’s Help Center or FINRA’s site.
Robinhood Gold is offered through Robinhood Financial LLC and is a subscription offering premium services for a monthly fee.
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