Robinhood introduces retirement fund with 1% match

For consumers without access to an employer-sponsored retirement plan, Robinhood offers regular IRAs or Roth IRAs with a 1% match, zero commissions, and no minimum balance requirements.

The business claimed that workers in the gig economy frequently lack access to tools that may make saving for retirement simpler, like automated deductions from paychecks or contribution matching.

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Soumajit Sinha

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