Robinhood 3% Match and Backdoor Roth : r/Bogleheads - Reddit

Used Robinhood to deposit the max. amounts into a Trad IRA for both '23 (can do this until April 15) and '24, totaling $13,500, and received an additional $400+ via the Robinhood 3% match. …

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Robinhood 3% Match And Backdoor Roth : R/Bogleheads - Reddit

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Used Robinhood to deposit the max. amounts into a Trad IRA for both '23 (can do this until April 15) and '24, totaling $13,500, and received an additional $400+ via the Robinhood 3% match. …

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Robinhood 3% Match And Backdoor : R/Bogleheads - Reddit

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I'm thinking starting a ROTH IRA with Robinhood ... I'm familiar doing Backdoor IRA. I know the process but my questions is with the 3% match. Let's say I deposited $7,000 to traditional IRA, …

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Is It Worth Switching To Robinhood For The 3% Match?

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Why would it strip you of the ability to do back door Roth? Not like your future investments can’t go into fidelity or whatever your employer has.. can you expand more on this pls? I am funding …

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Robinhood 3% IRA Match - Bogleheads.org

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Aug 7, 2023 · Notice that this is very very very different from a 401(k) employer "percentage match." A "3% match" on a 401(k) means that if you contribute 3% of your salary, the …

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Moved Retirement Accounts To Robinhood For 3% Match; Did I Dig …

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Apr 14, 2024 · * all my Roth 401k money was converted into my Roth IRA I transferred both of these accounts to Robinhood for the 3% match. Questions: 1. At the time I did my backdoor …

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Any Reason Not To Go With Robinhood's IRA Matching Offer?

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Sep 13, 2024 · Robinhood offer a 3% match on new contributions and rollovers into their IRA accounts. There are some qualifiers, like needing to subscribe to their $5 plan for at least a …

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Robinhood Backdoor IRA : R/Bogleheads - Reddit

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Hello, I got a new Roth IRA & Traditional IRA with Robinhood for the 3% match. I used Schwab earlier and knew how to invest using the backdoor method. I saw a few topics here discussing …

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Robinhood 3% IRA Match - Page 35 - Bogleheads.org

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Apr 6, 2024 · I think I can do the following to preserve backdoor roth: 1. In-service rollover traditional + roth 401k to IRAs 2. Reverse rollover traditional IRA back to 401k 3. Transfer the …

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Does RH Support Backdoor Roth IRA Conversion From A Regular

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I am being attracted by the 3% match that RobinHood is promoting. My question is if they support Roth IRA backdoor conversion from the regular after tax IRA. If they support, I am planning to …

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Robinhood 3% IRA Match - Page 5 - Bogleheads.org

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Jan 21, 2024 · er999 wrote: ↑ Mon Jan 22, 2024 3:17 am 2. Robinhood gamified stock trading according to a book I read on GameStop (the revolution that wasn’t) with constant alerts and …

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Robinhood 3% IRA Match - Page 39 - Bogleheads.org

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Apr 23, 2024 · Late Friday, April 26 - Robinhood sends me an email "Your Roth IRA account transfer request has been accepted" but the account still doesn't show up on robinhood.com …

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Does Anyone Use Robinhood For Their Roth IRA Or IRA?

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The 3% IRA match for transfers was better than nothing plus I like Robinhood’s UI more than any other brokerage. The whole “fuck Robinhood” sentiment is really bizarre and irrational to me …

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BH On Robinhood / 3% Bonus : R/Bogleheads - Reddit

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Bogleheads are passive investors who follow Jack Bogle's simple but powerful message to diversify with low-cost index funds and let compounding grow wealth. Jack founded Vanguard …

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Robinhood Launches 1% Match For IRAs - Bogleheads.org

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Dec 8, 2022 · How is a brokerage bonus like this work for a backdoor roth IRA? So whether it be a 1% match at Robinhood, or the $100 promo for opening an account at Fidelity, if you open a …

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Robin Hood 3% Match : R/Bogleheads - Reddit

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Bogleheads are passive investors who follow Jack Bogle's simple but powerful message to diversify with low-cost index funds and let compounding grow wealth. ... I’m thinking of moving …

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What Do You Guys Think About Robinhoods New Announcement: …

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$6500 in a Roth IRA times 3% is $195. Minus the $60 you have to spend on Robinhood Gold, you come out $135 per year ahead each year. The best part is that the $60 comes out of normal …

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Excess Backdoor Roth Contribution - Bogleheads.org

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21 hours ago · Later, I did a backdoor Roth conversion, an excess of $70 ($7070 ) was converted. After recognizing this mistake, I have tried to recharacterize this excess contribution. However, …

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Roll Over Old 401k? : R/Bogleheads - Reddit

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Robinhood only offers the 3% on new IRA contributions, not on 401k rollovers. You'll only get 1%. My question is should I roll the old 401k into a roth ira or traditional ira Current 401k or …

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Robinhood For $18k/ 3% Gold Match. Worth It? : R/Bogleheads

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Tolerating Robinhood for $18k / 3% Gold match. Worth it? I have around $300k in my 401k with previous employer before layoff and $300k in Roth IRAs with Fidelity. With Robinhood gold - I …

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FAQs about Robinhood 3% Match and Backdoor Roth : r/Bogleheads - Reddit Coupon?

Does Robinhood have a 1% match?

Hey guys I know Robinhood has a 1% match for both Roth and regular Ira accounts. Right now I use vanguard for my Roth IRA. I was wondering if you guys think it worth the move to get the 1% match. They also have Robinhood gold were you pay $5 a month and can get 3% match. ...

Does Robinhood support a Roth conversion?

The "match" will be a taxable gain if you do a Roth conversion, such as a Backdoor Roth IRA. On the subject of the Backdoor Roth, Robinhood doesn't directly address whether they'll support Roth conversions but they do mention it in their FAQ so I assume it will be possible. ...

Does Robinhood offer a 401K & IRA match?

Furthermore, Robinhood has a 1% match on all 401k and IRA rollovers and transfers. There's no maximum limit. So if you transfer in $5 million of cash or securities, you get $50,0000 cash as a bonus. Theoretically, this means Peter Thiel could transfer in his entire IRA and get an enormous match. But I'd recommend staying below the insurance limits. ...

Does Robinhood gold offer a 3% match?

3% match for any rollover or future contributions. That's huge in the brokerage transfer bonus game. 5-year holding period and robinhood gold for 1-year still makes this an unmatched promotion elsewhere. Made the jump a few weeks ago and bonus posted promptly. ...

How much money does Robinhood give a 401K & IRA?

If max out your Roth IRA every year from 25 to 65, it compounds out to over $50,000 extra tax free. Furthermore, Robinhood has a 1% match on all 401k and IRA rollovers and transfers. There's no maximum limit. So if you transfer in $5 million of cash or securities, you get $50,0000 cash as a bonus. ...

Does Robinhood have an IRA?

Robinhood announced an IRA today, with a 1% match. Assuming you contribute $6000 each year, the $60 you’d receive from them each year would compound to $13k at a 7% return over 40 years. Is anyone else considering this? I don’t agree with some of the decisions they’ve made in the past, but the company is seemingly here to stay. Archived post. ...