Robinhood Retirement Reaches $10 Billion in Assets Under Custody

Robinhood Retirement has now reached $10 billion in Assets Under Custody across nearly one million funded retirement accounts.

We launched Robinhood Retirement in January 2023 with the goal of making investing for the future easy and accessible for all. Importantly, Robinhood introduced the first IRA with a match – democratizing access to retirement by offering a match that does not require a traditional employer. Since then, we’ve provided customers with over $200M in matches on retirement account transfers and contributions.

Disclosures:

Funds that earn a match in a Robinhood IRA must be kept in the account for at least five years to avoid a potential Early IRA Match Removal Fee. For more information, see the IRA Match FAQ. 

You must have compensation (wage income) in order to contribute to an IRA. Funds being contributed into or distributed from retirement accounts may entail tax consequences. Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax. Robinhood does not provide tax advice; please consult with a tax adviser if you have questions. 

The Robinhood IRA is available to any U.S. customer with a Robinhood brokerage account in good standing.

All investments involve risk and loss of principal is possible.

Robinhood Financial LLC (member SIPC), is a registered broker dealer. Robinhood Securities, LLC (member SIPC), is a registered broker dealer and provides brokerage clearing services. All are subsidiaries of Robinhood Markets, Inc. (‘Robinhood’).

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