Robinhood Retirement Overview, Benefits, & First Purchase (Roth IRA)

Robinhood's retirement accounts are finally here! In this video we open a Robinhood Roth IRA account, go over the benefit/ features, and make a purchase in our retirement account.

After years of Robinhood talking about adding retirement accounts, it’s finally here. Plus I am finally off the 500,000+ person waitlist to open my very own Robinhood retirement account! In this video we are going to setup our Robinhood Roth IRA account, go over first impressions of the new retirement section of Robinhood, talk about the features/benefits you should be aware of, and actually make our first purchase within our roth IRA account.

Earn up to $200 in free stocks signing up for Robinhood - https://www.financial-tutor.com/Robinhood

This video is great for anyone who is considering opening their own Robinhood retirement account with the traditional IRA or roth IRA. So let’s get started!

Video link to transferring retirement accounts (IRA, roth IRA, 401k, and roth 401k) from other brokerages (Vanguard, Webull, E-trade, etc.) into Robinhood - coming soon

Timestamps
0:00 - Intro to Robinhood Roth IRA Retirement
0:19 - Opening Robinhood Retirement Account
1:12 - Features & Benefits of Robinhood's Retirement Account
2:13 - First Purchase in Robinhood Roth IRA
3:03 - Outro to Robinhood Roth IRA Retirement

#robinhood #retirementinvesting #retirementplanning #robinhoodinvesting

What are the actually retirement account features to be aware of?

One of the best new features is the 1% match on all deposits into your IRA. This is unheard to receive a match for a IRA account! It’s common to receive a match for other retirement accounts from your employer’s 401k, but a match hasn’t been done before with IRAs. The match is also instant, so you will receive it right away. In my example, I deposited $300 into the account and received the free $3 match right away, that I can then use to purchase stocks.

Some of the other features with Robinhood’s retirement accounts include; recurring investments, that you can set up to buy every day, week, or month, dividend reinvestment, otherwise known as DRIP, which let’s you take the dividends you receive and automatically reinvest in the stock you received it from. Lastly, you have the stock lending program, which is another way for you to receive money from Robinhood lending out your stock to other investors

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