00:00Can I transfer my 401k to Robinhood?
00:03You can transfer your 401k to Robinhood by rolling it over into a Robinhood IRA, either
00:09traditional or Roth, depending on your original account type.
00:13Robinhood partners with Capitalize to assist with the rollover process, including locating
00:18old accounts.
00:19The platform supports most stocks, ETFs, and cash but does not accept mutual funds or bonds,
00:25which may require liquidation before transfer.
00:29Users report that the process is straightforward but caution that Robinhood lacks the retirement
00:33planning tools and customer service depth of traditional brokerages.
00:37Critics argue that Robinhood's focus on trading may not align with long-term retirement goals.
00:43The platform offers a limited-time 3% match for rollovers with a Robinhood Gold subscription,
00:48which some find appealing.
00:50Despite the incentives, many users recommend considering more established firms for retirement
00:55assets due to broader investment options and stronger regulatory reputations.
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