Robinhood Will Match 1% of Your IRA Contributions. Is It a Good Deal?

“One of the pros of Robinhood’s matching program is that it is “a good incentive, especially for young investors who can allow that to compound over decades,” says Conor Feldmann, senior portfolio manager at Truepoint Wealth Counsel, an independent wealth manager in Cincinnati.

Those who already have a 401(k) account with an employer can max out those contributions to get their company match, then contribute to the Robinhood IRA to get the 1% match, as long as they don’t exceed certain IRA-related income limits, Feldmann says.”

Read read more from Conor Feldmann in “Robinhood Will Match 1% of Your IRA Contributions. Is It a Good Deal?” here.