Robinhood Retirement – Is it Worth it?

by | Dec 28, 2022 | Traditional IRA | 2 comments

Robinhood Retirement – Is it Worth it?




In this video, I am going to explain Robinhood’s new retirement account! Released in January, 2023 Robinhood is offering a 1% match on deposits to users using new Robinhood IRA.

This sounds like a great feature on the surface. There are some important things to know about how this will work, and who is best suited for the Robinhood Retirement plan. Before signing up, make sure to watch this video to learn about the traditional IRA and Roth IRA features that Robinhood will offer. I will also explain the 1% match in detail, and how much money you could make over time with the match.

By the end of this video, you should have a great idea as to if Robinhood and Robinhood Retirement is the right choice for you.

Timestamps:
Intro 0:00 – 0:19
Robinhood Retirement Defined 0:20 – 1:22
1% Match 1:23 – 2:20
Investment Options 2:21 – 2:34
How Much Money Can You Make 2:35 – 3:30
Video Sponsor 3:31 – 4:00
Concerns 4:01 – 5:14
Is It Worth It? 5:15 – 6:45

✏️ Video Sponsor:

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🚩Disclaimer: I am not a financial advisor. These videos are entertainment purposes only. Any stocks discussed on the video are not to be considered “investment recommendations”. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. You (and only you) are responsible for the financial decisions that you make. These videos are strictly for entertainment and do not reflect the opinions or values of anyone else other than myself.

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2 Comments

  1. Josh M

    Robinhoods going bankrupt. I'd be worried about holding retirement there, I like robinhood for option trading but wouldn't let anything sit there, their stock has crashed 90 percent.

  2. butt scratcher

    You only pay taxes on the gains. If your total price is negative and you sell it all before 59.5 then there are no taxes

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