Rollover 401k into Robinhood IRA for 3% bonus
Hello-
I have a 401k from an old employer that I’m thinking of rolling over into an IRA with Robinhood. There is a 3% match (with Gold). I plan to rollover about $100k, which accounts for a $3k match bonus (basically free money). There is a 5 year vesting period, which is fine for me.
I plan to invest that money in ETFs for 5 years and then move it to a Fidelity or Schwab for longer term.
Is there any risk in this or a reason not to do it?
u/Bear_Superb — 6 days ago