Robinhood is good for just trading. Acorns is good for banking and checking. The apy for checking and savings is almost unmatched 3% checking 5% savings is fire.
Robinhood gold member since 2021 and it’s been amazing. Been paying 5 a month since then but now the reduced priced of 50 a year makes it even more of a steal. Awesome video. Glad I don’t use acorns
Getting this setup in Acorns is super clunky. The non Might Oak checking dosn't qualify for the fee waver with $250 direct deposit. So I have to wait 2 weeks to make sure my DD doesn't go into the old checking I need to close. After that I'll close the account, open the new Might Oak checking and wait another two weeks for the DD to get setup, meanwhile I'm getting the monthly fee charged while this whole process takes place.
I don't understand how RH IRA match works. I was thinking I would just start a new IRA over at RH because my one at fidelity is regrettably locked in with Fidelity branded TDF's. So with that in mind, do i need to deposit $7000 lump sum in order to get the 3 % match or can I pay into it month to month this tax season. Im only confused because of that transfer/roll-over deal that RH also had sounded like a lump sum deal.
Let’s end the war believe we would love to see a results on going with acorns and then going with choosing your own stocks to see the gains dividends and see if one is worth it. Only thing I will say for negatives is with other apps like robinhood you have to constantly move money or split the money when adding to different stocks acorns does it for you without you needing to play around do math on splits.
It’s not a big deal. Specially that acorn offer only EFT and very limited stock option on premium plan. On top of it it’s take sometime weeks to feel your new added position on Acorn 🤢🤮. And you pay for that $9 a month. Going to switch back to $3 plan or even close completely account. Even pay $3 that someone for you put money in EFT is stupid
I just did a little reading and research to be able to respond to your question, from what I saw, I would expect the contribution limit for 2025 to remain at $7000 per year. You may have seen a headline mentioning the catch-up contribution limit being $10,000. So if you’re over 50, yes.
@@AmalgamAlliance $0 YTD people signing up and giving me $5 worth of stock= $95 total. But that’s the same affiliate relationship literally everyone has. Just because a creator makes a video it doesn’t mean they are getting cut checks
"Oh no, a company I dislike for some baseless reason (they weren’t the only brokerage to halt GME trading) gets a fair review from a TH-camr. Clearly, they must be a paid shill... Haha, how clever I am." Grow some braincells.
Robinhood is good for just trading. Acorns is good for banking and checking. The apy for checking and savings is almost unmatched 3% checking 5% savings is fire.
Robinhood gold member since 2021 and it’s been amazing. Been paying 5 a month since then but now the reduced priced of 50 a year makes it even more of a steal. Awesome video. Glad I don’t use acorns
No offense to acorn users
How do you get the $50/year? Is that only if you get the credit card?
2 related videos at basically the same time. Yay!
Getting this setup in Acorns is super clunky. The non Might Oak checking dosn't qualify for the fee waver with $250 direct deposit. So I have to wait 2 weeks to make sure my DD doesn't go into the old checking I need to close. After that I'll close the account, open the new Might Oak checking and wait another two weeks for the DD to get setup, meanwhile I'm getting the monthly fee charged while this whole process takes place.
Yeah they should have made it smoother to setup
Whoa! 2 Brendan Evan videos in one day!?!?!
I don't understand how RH IRA match works. I was thinking I would just start a new IRA over at RH because my one at fidelity is regrettably locked in with Fidelity branded TDF's. So with that in mind, do i need to deposit $7000 lump sum in order to get the 3 % match or can I pay into it month to month this tax season. Im only confused because of that transfer/roll-over deal that RH also had sounded like a lump sum deal.
Each contribution gets matched, so you don't have to go a $7k lump sum
@@BrendanEvan Thank you for clarifying! That makes sense. Thank you for the great content!
How long does the 1 % match last? Is this a 1 year thing or does this last forever
@@irbe2091 that’s a question for Robinhood
Let’s end the war believe we would love to see a results on going with acorns and then going with choosing your own stocks to see the gains dividends and see if one is worth it. Only thing I will say for negatives is with other apps like robinhood you have to constantly move money or split the money when adding to different stocks acorns does it for you without you needing to play around do math on splits.
Yeah idk why Robinhood doesn't build a portfolio feature that breaks it into your chosen allocation amounts for you. They totally could.
It’s not a big deal. Specially that acorn offer only EFT and very limited stock option on premium plan. On top of it it’s take sometime weeks to feel your new added position on Acorn 🤢🤮. And you pay for that $9 a month. Going to switch back to $3 plan or even close completely account. Even pay $3 that someone for you put money in EFT is stupid
Is it true that in 2025 IRA is going to be 10,000
I just did a little reading and research to be able to respond to your question, from what I saw, I would expect the contribution limit for 2025 to remain at $7000 per year.
You may have seen a headline mentioning the catch-up contribution limit being $10,000. So if you’re over 50, yes.
i love the M1 finance layout, just wish they had a 1% match for free!
👀👀👀👀👀👀👀👀
Does Acorn IRA match any amount I contribute to my later account?
Yes up to the annual contribution limit
They only match that percentage of what your amount invested is though. 1 % or 3% of 100 is 1 or 3 dollars.
Team acorns
bro how much you get paid by RH?
@@AmalgamAlliance $0
YTD people signing up and giving me $5 worth of stock= $95 total. But that’s the same affiliate relationship literally everyone has.
Just because a creator makes a video it doesn’t mean they are getting cut checks
"Oh no, a company I dislike for some baseless reason (they weren’t the only brokerage to halt GME trading) gets a fair review from a TH-camr. Clearly, they must be a paid shill... Haha, how clever I am."
Grow some braincells.
@@Zagirus your mom
@@AmalgamAlliance Gооk
@@AmalgamAlliance josenjin