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- Robin Hood: 3% match on IRA transfer - Mr. Money Mustache
Robinhood is owned by the same people who own Citadel, if you followed the GME stuff They make money by selling your order flow to citadel's high frequency trading hedge funds But, if you are indexing away in a vanguard ETF say, that order flow worst legally allowed execution on trades doesn't really matter
- Robinhood credit card 3% cash back on everything - Mr. Money Mustache
The Robinhood investment account sync is kind of a mess so I just do it manually now in Empower Ex: it sometimes just shows the balance, but not the underlying holdings (throwing off a bunch of charts like asset allocation), it won't reflect margin being used, you get hit with 2-factor prompts every time you open Empower, etc
- Robin Hood: 3% match on IRA transfer - Mr. Money Mustache
Taxes Robinhood processes and treats the Robinhood Gold IRA Deposit Match as interest earned by the IRA account for tax reporting purposes The interest amount is based on a percentage of contributions made into the IRA Account The interest earned by the IRA account
- VTI vs. VTSAX - Mr. Money Mustache
I read that Robinhood doesn't offer mutual funds, so you probably can't buy VTSAX there Note at Robinhood your trading data is the product they sell to hedge funds In terms of how they make money, hedge funds are their clients I don't like that kind of conflict of interest For new investors, Vanguard offers a lot of safe choices
- convert mutual fund to etf to take advantage of brokerage bonus
Eg: You complete and send the Transfer Funds form to Robinhood Robinhood would then contact Chase, Chase would sell and send funds direct to Robinhood This achieves two things - 1 Most importantly - funds never leave the tax sheltered account umbrella No impact to contribution limits, no taxable income created 2
- Webull? Any experiences? Considering 3. 5% or 2% match on transfers
when all these IRA transfer promos came out this year I opted for the no longer avail almost too good to be true 3% from Robinhood which paid the bonus for Roth within the Roth so untaxed and all upfront which was crazy (held back on rolling over 401Ks to preserve backdoor Roth capability)
- Consolidated 1099-B: Really Have To Enter Each Line Transaction?
If anyone should need to enter extensive detailed transaction information (for example, lots of wash sales), most tax programs allow you to import or copy-paste in transaction information that is in CSV or spreadsheet format As described below, Robinhood definitely provides an Excel file upon request
- Robin Hood: 3% match on IRA transfer
2) If you are transferring in mutual funds, from say Vanguard, you'll first need to sell those because Robinhood can't transfer in mutual funds So when you consider the settlement period of selling mutual funds, plus the ACAT transfer period, you could conceivably be out of the market for a bit and easily see the market go up 3% during that time
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