How to Get a 3% Match on Your IRA with Robinhood Exchange

The biggest IRA match from Robinhood

Robinhood Exchange is an online stock trading platform in the US, where you can trade stocks, ETFs, options, cryptocurrencies, etc. without fees or commissions. Robinhood started offering Individual Retirement Account (IRA) services from December 2022 and announced that it would match 1% of IRA accounts to promote it. From January 2023, it expanded to match 3% for gold members.

Robinhood IRA 3% Matching

IRA stands for Individual Retirement Account, which is an account where individuals can invest with tax benefits to prepare for retirement in the US. There are two types of IRA, traditional IRA and Roth IRA, and each has a different tax exemption point. Traditional IRA is a way of getting tax exemption when investing and paying tax when withdrawing, and Roth IRA is a way of paying tax when investing and getting tax exemption when withdrawing. As of 2024, you can invest up to $7,000 per year in IRA.

Robinhood Exchange's IRA match has the following conditions.

- The match only applies to the amount that the individual deposits directly into the IRA account. Amounts transferred or rolled over from other IRA accounts are not eligible for matching.

- The match is deposited directly into the IRA account and is considered interest income. The matched amount is not included in the annual IRA investment limit.

- The match is only applied to gold members at 3% and to regular members at 1%. Gold members have to pay a subscription fee of $5 per month.

- The matched amount must be kept in the IRA account for 5 years. If you transfer or withdraw your IRA account to another place within 5 years, you will have to pay a fee to return the matched amount.

Robinhood Exchange's IRA match is a beneficial benefit for IRA investors. For example, if you invest $7,000 in Robinhood IRA in 2024, you can get a match of $210 if you are a gold member and $70 if you are a regular member. This matched amount accumulates with the investment returns and can make a big difference in the long run. Also, Robinhood Exchange offers various investment products, so you can invest freely according to your preferences and goals.

Robinhood Exchange's IRA match is a service that can bring innovation to the IRA market. Generally, IRA did not have sponsors, so they could not get matching, but Robinhood Exchange is sharing some of its profits and making attractive offers to IRA investors. This can also stimulate other exchanges and contribute to the activation of IRA investment.

If you are interested in Robinhood Exchange's IRA match, you can find more detailed information at the links below.

Robinhood 2 free stocks

[Robinhood IRA Introduction]

[Robinhood IRA Match FAQ]

[Robinhood Referral Link] (Get 2 Free Stocks on Robinhood)

• You can get 2 free stocks instead of 1 when you sign up through the referral link.
• I also get a free stock from Robinhood for referring you.
• This is special offer and certain limitations apply.