Robinhood Roth IRA Match | Robinhood Offers Roth IRA | Roth IRA Match | Robinhood
The investing app Robinhood announced the launch of its latest product: Robinhood Retirement. Starting today, users will be able to join the waitlist for Robinhood Retirement, which will allow them to open an individual retirement account (IRA) and choose between a traditional or Roth IRA to begin saving for retirement.
Robinhood’s IRA product offers a 1% match from Robinhood on every eligible dollar contributed to the account, meaning that for the first time, savers who aren’t currently benefiting from an employer match (like gig workers) can grow their retirement savings.
Those who join the waitlist now can expect to receive access to the product on a rolling basis, until the product becomes fully available for all users in January 2023.
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I love Roth IRAs, just not with Robinhood. Too many scandals and corruption.
I don't know what to think about Robinhood. On one hand, it's nice they are offering that 1%, but they were another platform that was crypto heavy, and I'm not sure I trust them with a long-term account. I have my Roth at Fidelity, and I trust them. I think I'll just put that on the watch list, to wait and see how it goes, and if other brokerages follow suit. Thanks!
With the ability to withdraw what you put in, would a Roth IRA be a good option for an emergency fund?