Robinhood brings great retirement offering!
by Jaano India
After turning millions of novices into investors by making trading fun, It is now sights on 'saving for retirement'.
Tuesday signups are going to starts for a retirement program,
where customers can sock savings into an Individual Retirement Account.
Many of Robinhood's customers are in parts of the job market that don't have 401(k) retirement plan.
Robinhood is promising to match 1% of eligible contributions that customers put into their IRA.
People aged 50 and over can contribute up to $7,500 in 2023.
Robinhood's retirement customers won't be able to trade options in their IRAs.
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