In this video, I walk through the new announcement from Robinhood yesterday, December 6, 2022 in which they will be offering a feature for individuals to open a ROTH IRA or Traditional IRA.

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Since this is new, we have yet to try it, but it looks promising, and I like how they are promoting saving for retirement by offering these two options.
There is a waitlist for this new Robinhood feature which you will need to sign-up on their website.

To encourage people to create a Roth or Traditional IRA with Robinhood, they will match 1% for every dollar contributed. So in 2022, if you contribute the max, that will be $60 they will add to your account. It’s not a game changer, but its something.

What I don’t see is they will be able to assist with those high-earners that can’t contribute directly to a ROTH IRA and have to use the back-door approach.

About my channel:
Rob CPA channel was created with a mission to provide viewers with accurate content so they can be proactive in their tax planning strategies and build financial wealth. The video topics I selected reflect real-world issues that I’ve seen our clients experience relating to their personal tax returns, retirement plans, and accounting.

The channel allows me to share my passion for taxes, personal finance, and accounting. I create content I wish schools and entrepreneurship programs/accelerators would teach their students and companies. I take complex topics and simplify them for the viewers as well as show examples.

I will be covering the following topics:

- Personal & business tax planning tips;
- Personal finance;
- Accounting;
- Investing;
- Entrepreneurship

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#robinhood #rothira #retirement

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