What is the difference between a Roth IRA and Robinhood?

by | Feb 26, 2023 | Roth IRA | 8 comments

What is the difference between a Roth IRA and Robinhood?




What is the difference between a Roth IRA and Robinhood? With so many accounts out there and even more stock trading platforms it can get super confusing when it comes to account types. In this video I’m explaining the difference between a non-retirement account and retirement accounts like the Roth IRA.

/////////////////////////////////////////////////
Get answers FASTER…
Join this channel to get access to perks:

Chat on discord:
Join Link

Support on Patreon:

—————————————————–
Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE

Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you.

TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP®
CERTIFIED FINANCIAL PLANNER™

Company Website:
twitter: @travissickle
Instagram:
Facebook:
LinkedIn:

Sickle Hunter Financial Advisors
1646 W Snow Avenue
Suite 144
Tampa, FL 33606

Check out Google Business Profile
——————————————————-

Gear Used in Videos

Income Protection: You have a 1 in 4 chance of becoming unable to work due to disability. Your
Breeze Disability Insurance policy will replace part of your lost income if and when you need it. Apply here

Partnership referral links
Aura Identity Theft Protection *Up to 50% off* HTTPS://www.aura.com/travis
Seeking Alpha 50% Discount

See also  Expert Advice for Chevron Employees on the Best Time to Convert to a Roth IRA

All Amazon links are affiliate links
____________________________________________________________________________
Information in this video is for educational and entertainment purposes only.
sicklehunter.com/disclosures
____________________________________________________________________________

#travissickle…(read more)


LEARN MORE ABOUT: IRA Accounts

TRANSFER IRA TO GOLD: Gold IRA Account

TRANSFER IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA


Investing can be a great way to save for retirement, but there are many different investment options available. Two of the more popular options are Roth IRAs and Robinhood. While they both offer different advantages, there are some key differences between the two that you should consider when deciding which is right for you.

Roth IRAs are retirement accounts that are funded with after-tax dollars. This means that you pay taxes on the money you contribute to the account, but the money in the account grows tax-free. You can withdraw money from the account without paying taxes or penalties, as long as you meet certain conditions. This makes Roth IRAs a great way to save for retirement, as you can save money without having to worry about taxes.

Robinhood is an online investment platform that allows you to buy and sell stocks, ETFs, and options. Unlike a Roth IRA, Robinhood does not offer tax advantages. You will pay taxes on any profits you make from the investments you make on the platform. However, Robinhood does offer some advantages over a Roth IRA. For example, it is easy to use and provides access to a wide variety of investments.

When deciding between a Roth IRA and Robinhood, you should consider your goals and risk tolerance. If you are looking for a way to save for retirement, then a Roth IRA may be the best option. However, if you are looking for a more active approach to investing, then Robinhood may be a better choice. Ultimately, the decision is up to you, so make sure to do your research and make an informed decision.

See also  Last-Minute 2023 Tax Tips for Roth IRAs
Truth about Gold
You May Also Like

8 Comments

  1. NYC1E1

    Question I have Robinhood & A Roth In Schwab. If I invest in let’s say in the same stock or index fund and make 100k in each which one would I save more money? I ask because I was told the IRA is taxed as wage and regular brokerage is taxed as capital gains rate.

  2. deadnsydeandout always

    great vid.. robin hood really needs to make Roth IRA available on their platform they are missing out on customers

  3. Zahara Freeman

    i remember robinhood having a ROTH account

  4. TheOnlyGHOST1015

    Thanks man this was very helpful

  5. Sylvia.W.a.r.e.

    thank you for this. I am lost in the sauce so this was super helpful

  6. Rosemary Chen

    this was very helpful, thx

  7. taylor

    If anyone was wondering…I'm taylor.

    Thanks for the answer!

U.S. National Debt

The current U.S. national debt:
$35,866,603,223,541

Source

ben stein recessions & depressions

Retirement Age Calculator

  Original Size