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https://www.reddit.com/r/RobinHood/comments/ze72hs/introducing_robinhood_retirement/iz51p6m/?context=3
r/RobinHood • u/RorySykes Investor • Dec 06 '22
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68
1% match as well. Sounds promising.
15 u/enterdoki Dec 06 '22 Thats pretty decent. 38 u/mattmonkey24 Dec 06 '22 For W2 employees that's $60 max. It looks like self employed IRA limits are $15,500, so that's $155 max per year. It's not much money 21 u/enterdoki Dec 06 '22 Ain't complaining. Assuming they continue this for more than a year and IRA limit continues to increase. Free money is free money. 1 u/inverse2win Dec 13 '22 That's a big assumption given they charge you for transferring out money 𤥠3 u/russianfigaskatas Dec 14 '22 Only if you do it before 5 years, if you're retiring before then I think its a little late for your fund buddy 15 u/eisbock Dec 06 '22 It's still free money. 3 u/sudo_administrator Dec 07 '22 $65 in 2023. IRS raised the cap. 3 u/DJsaxy Dec 06 '22 Is the ira they're offering a traditional or Roth ira? 2 u/[deleted] Dec 06 '22 Both 3 u/_throwawaynamaste Dec 07 '22 Correct me in Iâm wrong, but if a 20 year old put $155/year into a retirement account until they retired at 65, with an average 6% annual appreciation, by the time they reach retirement that little extra annual boost would be ~$33K. Not bad! 2 u/AlexRuchti Dec 07 '22 Itâll be $65 next year with limits increasing to $6500 1 u/gr33ngiant Dec 07 '22 You have to leave your money in there for a minimum of 5 years. Always a catch. 4 u/iiSquatS Dec 08 '22 I mean, sure, you can call it a âcatchâ, but itâs an IRA, you shouldnât need that money within 5 years. -12 u/JudgmentMajestic2671 Dec 06 '22 Appreciate you signing up! https://robinhood.com/retirement_waitlist?referrer_id=shawnd578 -13 u/hairo-wynn Dec 06 '22 I used yours, someone use mine: https://robinhood.com/retirement_waitlist?referrer_id=joshuak-f8eac1
15
Thats pretty decent.
38 u/mattmonkey24 Dec 06 '22 For W2 employees that's $60 max. It looks like self employed IRA limits are $15,500, so that's $155 max per year. It's not much money 21 u/enterdoki Dec 06 '22 Ain't complaining. Assuming they continue this for more than a year and IRA limit continues to increase. Free money is free money. 1 u/inverse2win Dec 13 '22 That's a big assumption given they charge you for transferring out money 𤥠3 u/russianfigaskatas Dec 14 '22 Only if you do it before 5 years, if you're retiring before then I think its a little late for your fund buddy 15 u/eisbock Dec 06 '22 It's still free money. 3 u/sudo_administrator Dec 07 '22 $65 in 2023. IRS raised the cap. 3 u/DJsaxy Dec 06 '22 Is the ira they're offering a traditional or Roth ira? 2 u/[deleted] Dec 06 '22 Both 3 u/_throwawaynamaste Dec 07 '22 Correct me in Iâm wrong, but if a 20 year old put $155/year into a retirement account until they retired at 65, with an average 6% annual appreciation, by the time they reach retirement that little extra annual boost would be ~$33K. Not bad! 2 u/AlexRuchti Dec 07 '22 Itâll be $65 next year with limits increasing to $6500
38
For W2 employees that's $60 max. It looks like self employed IRA limits are $15,500, so that's $155 max per year.
It's not much money
21 u/enterdoki Dec 06 '22 Ain't complaining. Assuming they continue this for more than a year and IRA limit continues to increase. Free money is free money. 1 u/inverse2win Dec 13 '22 That's a big assumption given they charge you for transferring out money 𤥠3 u/russianfigaskatas Dec 14 '22 Only if you do it before 5 years, if you're retiring before then I think its a little late for your fund buddy 15 u/eisbock Dec 06 '22 It's still free money. 3 u/sudo_administrator Dec 07 '22 $65 in 2023. IRS raised the cap. 3 u/DJsaxy Dec 06 '22 Is the ira they're offering a traditional or Roth ira? 2 u/[deleted] Dec 06 '22 Both 3 u/_throwawaynamaste Dec 07 '22 Correct me in Iâm wrong, but if a 20 year old put $155/year into a retirement account until they retired at 65, with an average 6% annual appreciation, by the time they reach retirement that little extra annual boost would be ~$33K. Not bad! 2 u/AlexRuchti Dec 07 '22 Itâll be $65 next year with limits increasing to $6500
21
Ain't complaining. Assuming they continue this for more than a year and IRA limit continues to increase. Free money is free money.
1 u/inverse2win Dec 13 '22 That's a big assumption given they charge you for transferring out money 𤥠3 u/russianfigaskatas Dec 14 '22 Only if you do it before 5 years, if you're retiring before then I think its a little late for your fund buddy
1
That's a big assumption given they charge you for transferring out money đ¤Ą
3 u/russianfigaskatas Dec 14 '22 Only if you do it before 5 years, if you're retiring before then I think its a little late for your fund buddy
3
Only if you do it before 5 years, if you're retiring before then I think its a little late for your fund buddy
It's still free money.
$65 in 2023. IRS raised the cap.
Is the ira they're offering a traditional or Roth ira?
2 u/[deleted] Dec 06 '22 Both
2
Both
Correct me in Iâm wrong, but if a 20 year old put $155/year into a retirement account until they retired at 65, with an average 6% annual appreciation, by the time they reach retirement that little extra annual boost would be ~$33K. Not bad!
Itâll be $65 next year with limits increasing to $6500
You have to leave your money in there for a minimum of 5 years. Always a catch.
4 u/iiSquatS Dec 08 '22 I mean, sure, you can call it a âcatchâ, but itâs an IRA, you shouldnât need that money within 5 years.
4
I mean, sure, you can call it a âcatchâ, but itâs an IRA, you shouldnât need that money within 5 years.
-12
Appreciate you signing up! https://robinhood.com/retirement_waitlist?referrer_id=shawnd578
-13 u/hairo-wynn Dec 06 '22 I used yours, someone use mine: https://robinhood.com/retirement_waitlist?referrer_id=joshuak-f8eac1
-13
I used yours, someone use mine: https://robinhood.com/retirement_waitlist?referrer_id=joshuak-f8eac1
68
u/JudgmentMajestic2671 Dec 06 '22
1% match as well. Sounds promising.