Started By
Message

re: My experience with transferring an IRA to Robinhood for the 3% match

Posted on 5/2/24 at 1:21 pm to
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2178 posts
Posted on 5/2/24 at 1:21 pm to
I moved 2x Roth and a traditional and netted $25k.
Process was seamless once my account was verified. It took several days and eventually I reuploaded using the app instead of desktop and it went right through. Oddly, my wife's account didnt require ID. I got it in just under the wire. Funds posted hours before the cutoff.

Only complaint so far, there is a limit on daily bank transfers in ($1k if I recall.) In order to get the Roth contribution in before 3% offer expired I had to do a wire which cost $25 from my bank.

Also, I dont like the app. It works but I've had to hunt around a couple times to find Roth account or buy etc... Like a game app there are icons on main screen w no indicator what they do you just have to play around w it. 5 icons are: Investing (only shows taxable brokerage), Crypto (wish I could delete this or move it last), Retirement (for some reason looks like an atomic symbol w no nucleus), offers (cant get red notification dot to disappear), and profile (where I just realized all account balances are shown w a total. I'll eventually get used to it (or not because I will only buy index ETFs occasionally w contributions or dividends) I dont like that there is a separate icon for retirement accounts instead of all accounts listed on intro screen.
This post was edited on 5/2/24 at 1:23 pm
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram