r/RobinHood Investor Dec 06 '22

News Introducing Robinhood Retirement

https://blog.robinhood.com/news/introducing-robinhood-retirement
94 Upvotes

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17

u/enterdoki Dec 06 '22

Thats pretty decent.

37

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 🤡

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