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02-29-2024, 01:29 PM | Topic Starter |
Just Lurking
Join Date: Feb 2009
Location: Ozark Mountain Country
Casino cash: $427904
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Investing/Retirement question
I have been sitting on an old 401K for a company I no longer work for. I left that money untouched for the past 8 years. It has almost doubled in value during that time.
I am really considering taking that money and transferring it to a Robinhood Gold IRA. They are doing a 3% match through the end of April if you sign up for the Gold (must keep Gold for 1 year $5 per month fee) I am well outside of the 5 year agreement for the IRA they require before penalty for early withdraw. I am figuring 7-9 years before Retirement. I know very little about Robinhood. My current 401K is with Voya, and the fees are less than 1.5% annual. I would have to rollover to a traditional IRA as 98% of my 401K was before tax. Is Robinhood any good for just setting up an IRA and not "investing" with it? |
Posts: 2,035
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