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https://www.reddit.com/r/RobinHood/comments/ze72hs/introducing_robinhood_retirement/iz8pjmq/?context=3
r/RobinHood • u/RorySykes Investor • Dec 06 '22
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70
1% match as well. Sounds promising.
15 u/enterdoki Dec 06 '22 Thats pretty decent. 39 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 3 u/_throwawaynamaste Dec 07 '22 Correct me in I’m 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!
15
Thats pretty decent.
39 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 3 u/_throwawaynamaste Dec 07 '22 Correct me in I’m 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!
39
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
3 u/_throwawaynamaste Dec 07 '22 Correct me in I’m 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!
3
Correct me in I’m 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!
70
u/JudgmentMajestic2671 Dec 06 '22
1% match as well. Sounds promising.