Retirement investing

When it comes to your retirement, there are a few things you can't control, such as inflation, Social Security, Medicare, and tax rates. But saving and investing for retirement now is in your control.

We can help you realize your retirement goals. After you get your IRA set up with Robinhood, you can get a one-time recommended portfolio by answering a few questions, or you can pick your own stocks and ETFs.

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Get started

To get started investing for retirement, you can open a Robinhood traditional IRA, a Roth IRA, or both in the app or on the web. For more details, check out IRA overview.

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Retirement recommendations

After you’ve opened your Robinhood IRA, you should be able to access retirement recommendations under Find investments on the Retirement tab. For more details, check out Retirement recommendations.

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Investment options

Similar to with your brokerage account, you can invest in stocks and ETFs within a Robinhood IRA account. However, you can’t invest in crypto at this time with an IRA account.

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Recurring investments

Just like with your Robinhood brokerage account, you can set up recurring investments for stocks or ETFs within your Robinhood IRA accounts. About recurring investments has more details. To set up retirement recurring investments:

  1. In Retirement, select the applicable IRA account
  2. Select a stock or ETF you want to set up as a recurring investment
  3. Select Trade, and then enter the amount you want to buy
  4. In Conditional Orders, select Recurring investment
  5. Choose the frequency (one time, weekly, every 2 weeks, monthly, or quarterly), and then select Continue
  6. Choose a payment method, and then select Continue
  7. You can also select a linked bank account as a Backup payment to cover recurring investments. If your backup payment fails, we’ll automatically skip the order. Investments using external accounts count toward your annual contribution limit.
  8. Review the order, and then submit or view the details if you need to change anything before submitting

You can also choose to View order history, Edit investment, Pause investment, or End investment at any time.

Keep in mind

All IRA contributions count toward your annual limit. If you made contributions to another external IRA, you’ll want to factor in those amounts when contributing to your Robinhood IRA.

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Portfolio value

You can see portfolio value for your IRA account in the Robinhood app or on the web by selecting Retirementmenu (3 bars) or Settings (gear) → Investing. This shows the total value of all the holdings in your IRA, including:

  • Stocks & ETFs is the amount of money you currently have invested
  • Brokerage Cash or Buying Power is the amount of money you have available to purchase new assets
  • Instant Deposits Health describes if you’re in good standing, your limit amount, any pending deposits, and what’s available for investing

When considering whether to buy or sell an asset in your portfolio, you can see how much buying power is available under the Review Order button within a stock or ETF’s detail page.

Keep in mind, your buying power can be affected by settlement timing, which is the time it takes stocks or cash to reach their new destination after a transaction is executed. Also note that banking holidays can affect settlement times.

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Dividend reinvestment

Just like you can with your brokerage account, you can enable dividend reinvestment for your Robinhood IRA accounts. When enabled, cash dividend payments are automatically reinvested back into the underlying stock or ETF. You can enable dividend reinvestment at any time in the app:

  1. Select Retirementmenu (3 bars) or Settings (gear)
  2. In the Dividend Reinvestment section, select Edit Dividend Reinvestment
  3. Toggle the switch On or Off
  4. After you enable dividend reinvestment, you’ll see a list of your investments that are eligible for dividend reinvestment. You can choose which investments you’d like to reinvest cash dividends for by selecting the circle or checkmark.
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Stock lending

If you have agreed to Stock Lending during the IRA opening process, when possible, Robinhood will lend out your shares to earn some interest, and then will pay you some interest income in return. You can disable or enable it again at any time:

  1. Select Retirementmenu (3 bars) or Settings (gear)
  2. In the Stock Lending section, select Turn Off or On Stock Lending
  3. Toggle the switch Off or On
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Disclosures

All investments involve risk and loss of principal is possible. Investors should consider their investment objectives and risks carefully before investing.

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.

Contents provided are for informational purposes only and do not constitute tax or investment advice. For specific questions, you should consult a tax professional. Robinhood does not provide tax advice. Links to third party sites are being provided for informational purposes only.

Recurring investments don’t ensure a profit or guarantee against loss. Not all securities on Robinhood are eligible for recurring investments. Recurring investments may result in a purchase of fractional shares, which are illiquid outside of Robinhood and not transferable.

Stock lending involves risks and may not be appropriate for all accounts. Stock lending is not appropriate for all customers. Stock Lending income depends on feature eligibility and can vary based on which stocks are loaned out. Stock Lending income is not guaranteed and stocks must be matched to a borrower in order to earn Stock Lending income. For risks and more information about Stock Lending, please review the Fully Paid Securities Lending Risk Disclosure Statement and the Fully-Paid Master Securities Lending Agreement.

Investors should consider the investment objectives and unique risk profile of any Exchange Traded Product (ETP), including any Exchange-Traded Fund (ETF) and any Exchange-Traded Notes (ETNs), carefully before investing. A prospectus contains this and other information about the ETP and should be read carefully before investing. You can access an ETF’s details page for a prospectus. The Robinhood IRA is available to any customer with a Robinhood brokerage account in good standing.

Securities trading is offered through Robinhood Financial LLC, a registered broker-dealer and Member SIPC, and a subsidiary of Robinhood Markets, Inc. (Robinhood).

Reference No. 2647425
Still have questions? Contact Robinhood Support