Robinhood IRA Walkthrough

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A quick walkthrough of the Robinhood IRA full in app setup & insight on what’s coming in the future.

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Disclaimers:

I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely.

Thank you for all your support as always! Love y’all!

DollarMike

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Can you trade OPTIONS in that traditional IRA account?

robinshakya

Thank you Mike, I set up my Roth in January and was doing exactly what you mention, "treating it like a savings account" sad but I wasn't exactly sure which direction to go with manually picking my portfolio or have Robinhood set one up for me. You explained everything one would need; myself included to help their future self. Thank you!

onehundo

I thought the Traditional IRA was a pre tax contribution, isnt the $100 you just deposited right now after tax income like the roth ira?

because robinhood didn't give an option to have that money taken out of your paycheck before you paid taxes on it.

angelgonzalez-svvc

How do I take out my money in this stock

FWDQuan

I have a question. Isn't this money already taxed since the money you are putting to this is likely after paying taxes at a job? I was wondering how their roth would work because if it taxes you again, then you paid taxes at work and then paid taxes again just to put the money up. For instance at work I've had a traditional 401k and they took a percentage of the pretax income (hence the delayed taxes when i withdrew), but with a roth 401k, they took the contribution after taxes were paid (hence the lack of taxed toward retirement).

jayceewilliams

I have Roth IRA set up from my employee through a broker the company goes through. Just last year I figured I should check on it. I don’t even understand what I’m looking at I wonder if it’s possible to transfer my Roth to robinhood. I don’t even know if my Roth account is even investing or earning money I don’t understand this crap

corywilliamsmith