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Ongoing Promotion Through April 18th: Get rewarded with a 1% match on every dollar from outside accounts added to an IRAincluding IRA and 401(k) transfers. Dont miss out on extra money for your retirement!

When talking about retirement and helping ensure you are financially secure in your later years, Individual Retirement Arrangements (IRAs) are a great way to prepare for the future. Simply put, IRAs allow you to make tax-deferred investments to provide financial security when you are ready to retire.

Typically retirement investments are available through employers in 401(k) programs or IRAs through banks or brokerage firms. 401(k) accounts feature automatic contributions for retirement funds that are initiated with an employer and the employer sometimes provides a match. A match is an additional contribution made by an employer on top of what the employee puts into the program. IRAs are more personalized and unique. IRAs are initiated by an individual and most IRAs do not offer a match. Two options for IRAs are a traditional IRA and a Roth IRA.

A traditional IRA means that contributions may be tax-deductible. Withdrawals are taxed at your tax rate when you retire. In other words, with traditional IRAs, you may not pay taxes on your earnings or contributions until you have started taking minimum distributions at age 73. The 2023 limit for traditional IRA investment is $6,500, for those under the age of 50". Deductibility of contributions is contingent on a number of factors, such as whether you have access to an employer retirement plan, and income level.

Contributions to a Roth IRA are not tax-deductible but eligible withdrawals, including capital gains, are tax-free. The benefit of a Roth IRA is that since youre contributing after-tax dollars, eligible withdrawals are not taxed in retirement. For 2023, the total contribution also cannot be more than $6,500 for those under the age of 50.

Hypothetically, if you needed to dip into your IRA accounts before retirement there are some things to consider. With Roth IRA accounts, if youre under 59 1/2, you are subject to taxes and penalties on the earnings portion of the withdrawal. There is also a five-year holding period requirement. For traditional IRA contributions, if you withdraw before age 59 1/2, you are subjected to a 10% federal penalty tax plus regular income tax.

One major benefit of an IRA is that you have the freedom to select from thousands of investment options.Robinhood Offers A 1% Match Retirement Plan With No Employer Needed

Robinhood Financial LLC. HOOD has the only IRA with a 1% match that requires no employer. Both traditional and Roth IRAs are available.

With Robinhood, individuals no longer have to be tied to an employer to get a contribution match for a retirement fund. This can be helpful for both self-employed individuals or people who work for employers that do not offer 401(K) programs. Robinhoods IRA is also great for anyone who wants another separate option from their employer and greater control over their investment.Key Features Robinhood matches 1% on every eligible dollar contributed up to the annual contribution limits. Limitations apply, see restrictions below.* Robinhood provides a one-time custom recommended portfolio, if you need help getting started, or you can build your own or even do a bit of both. Custom ETF portfolio recommendations are based on a series of questions that analyze appetite for risk and desired age for retirement.

The platform offers the ability to trade certain options strategies for eligible users without commission or per-contract fees** in your IRA. Depending on the account type, any potential retirement earnings have tax-deferred or tax-free growth potential

The addition of Robinhood Retirement to the platform can be a valuable tool to help build toward retirement. Robinhood aims to empower investors everywhere, no matter their investment level, with retirement account offerings that help build toward a more solid financial future.

Featured Photo by Austin Distel on Unsplash

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

*You must have earned (wage) income in order to contribute to an IRA. The ongoing 1% match is only applicable to annual contributions made to the IRA from an external source, up to the applicable IRS limits. Contributions must come from an external account and must be held in the Robinhood IRA for at least five years to avoid the possibility of a withdrawal fee. See the Match FAQ for more information: https://robinhood.com/us/en/support/articles/ira-match-faq/ **Other fees may apply. View Robinhood Financials fee schedule at rbhnhd.co/fees.

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. Robinhood does not provide tax advice; please consult with a tax adviser if you have questions.

The Robinhood IRA is available to any customer with a Robinhood brokerage account in good standing.

Options trading entails significant risk and is not appropriate for all investors. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Customers should consider their investment objectives and risks carefully before investing in options. Supporting documentation for any claims, if applicable, will be furnished upon request.

All investments involve risk and loss of principal is possible. Robinhood Financial LLC (member SIPC), is a registered broker-dealer.

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Business

Second Horizon victim Janet Skinner ‘forced’ to sue Post Office as she seeks full redress for wrongful conviction

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Second Horizon victim Janet Skinner 'forced' to sue Post Office as she seeks full redress for wrongful conviction

A victim of the Post Office Horizon IT scandal is taking legal action against the government-owned organisation as she seeks full redress for her wrongful conviction.

Janet Skinner is believed to be only the second victim to sue the Post Office.

The former subpostmistress has been “forced” to take the state-owned business to court, her solicitor told Sky News.

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Ms Skinner has been a campaigner for victims of the faulty Horizon software for nearly two decades.

Around 1,000 people were wrongly prosecuted and convicted throughout the UK between 1999 and 2015 as a result of Horizon.

Despite having her conviction for false accounting overturned in 2021, Ms Skinner has yet to receive a final payment, has been given an insufficient interim sum and is being asked for six different expert reports, said lawyer Simon Goldberg.

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Ms Skinner is taking legal action in an attempt to see the issue resolved.

“There’s no sign of resolution. We’re only forced to do it because enough is enough,” Mr Goldberg said.

“It’s cruel and traumatic beyond belief that she should still have to be fighting.”

Ms Skinner’s claim should have been settled within 12 months of the conviction being overturned, he said.

Mr Goldberg added the interim offers are not in keeping with the recommendations of retired High Court judge Sir Wyn Williams, who presided over the public inquiry into the scandal.

Both the Post Office and the Department for Business and Trade, which administers all but one of the victims’ redress schemes, said in October they would “always apply a generous approach” to assessing redress.

But Ms Skinner was initially offered a payment worth only 15% of her total claim.

“They’ve [claim assessors] clearly tried to grind her down and make her give up, and we’re not playing,” her solicitor said.


Janet Skinner speaking to Sky News in January 2024.

More legal action to come?

While Ms Skinner is believed to be only the second victim to launch a civil case against the Post Office, she may not be the last.

A postmaster made famous after being portrayed in the ITV drama Mr Bates vs the Post Office, Lee Castleton became the first to take such action in March.

“Unless there’s a sea change, there will definitely be more claims,” Mr Goldberg said.

Ms Skinner (L) after having her conviction overturned by the Court of Appeal in 2021
Image:
Ms Skinner (L) after having her conviction overturned by the Court of Appeal in 2021

Ms Skinner was given a nine-month custodial sentence in 2007 after the Horizon computer programme, made by Fujitsu, incorrectly generated a £59,000 shortfall.

She was imprisoned when her two children were in their teens, released with an ankle monitor tag, and sold her house when it was due to be repossessed.

Amid the ordeal, Ms Skinner suffered a neurological collapse and was left paralysed from the neck down. She has had to regain the ability to walk.

A Post Office spokesperson said: “We recognise the devastating impact of the Horizon IT Scandal on former postmasters like Ms Skinner and would like to unequivocally apologise for her experiences.

“Responsibility for Ms Skinner’s redress claim moved to the Department for Business and Trade in June 2025.

“We cannot comment on ongoing legal proceedings but once we receive the claim, we will engage fully in the process.”

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Politics

UK to rejoin EU’s Erasmus student exchange scheme – reports

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UK to rejoin EU's Erasmus student exchange scheme - reports

The UK is to rejoin the European Union’s Erasmus student exchange scheme, according to reports.

The popular programme, which allowed Britons to spend a year studying at European universities as part of their degree without paying extra fees and vice versa for their European counterparts, ended for British students after Brexit on 1 January 2021.

But ministers could announce the UK will rejoin Erasmus from January 2027 as soon as Wednesday, The Times and The Guardian have reported.

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Sir Keir Starmer promised a post-Brexit reset deal with Brussels and announced the government was working on rejoining the programme in May.

Negotiations have included work on “mutually agreed financial terms” for the UK and the EU.

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The UK had pushed for a discount on membership fees, which are calculated on the basis of a country’s gross domestic product (GDP), The Times reported.

It said the EU is understood to have offered the government a 30% reduction of fees in the first year of membership.


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Labour MP Darren Frith told Sky News’ Politics Hub he would “welcome” such a move.

The Guardian reported that as well as university-based study exchanges, British students will be able to participate in vocational training placements under the scheme.

Cabinet Office minister Nick Thomas-Symonds held talks with Maros Sefcovic, the European Commission’s trade lead, in Brussels last week.

A Cabinet Office spokesman said: “We are not commenting on ongoing talks.”

But the UK’s universities welcomed the apparent breakthrough.

Tim Bradshaw, chief executive of the Russell Group of leading universities, said: “We’re delighted at the UK’s association to Erasmus+.

“With an even greater scope than previous programmes, Erasmus+ opens up fantastic opportunities for students, adult learners and young people to all benefit from new experiences and learning.

“It will also renew the huge contributions that EU students and staff make to life on our university campuses.”

The Lib Dems, who have been campaigning to rejoin Erasmus, welcomed the news.

Leader Sir Ed Davey said: “This is a moment of real opportunity and a clear step towards repairing the disastrous Conservative Brexit deal.”

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US

Obamas planned to see Reiners the night they were killed, says ex-US first lady

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Obamas planned to see Reiners the night they were killed, says ex-US first lady

Michelle Obama says she and husband Barack Obama were due to see director Rob Reiner and his photographer wife Michele Reiner the night they were killed.

The former US first lady has paid tribute to the couple, who were found stabbed to death in their Los Angeles home on Sunday night.

The Reiners’ son, Nick, 32, was arrested and will be charged with two counts of first-degree murder in the killing of his parents.

Michelle Obama revealed the couple had been due to meet the Reiners the night they died. File pic: AP
Image:
Michelle Obama revealed the couple had been due to meet the Reiners the night they died. File pic: AP

Speaking on Jimmy Kimmel Live, Ms Obama said of the Hollywood couple: “We’ve known them for many, many years, and we were supposed to be seeing them that night.”

Rob Reiner was active in politics, supporting liberal causes.

Ms Obama’s comments came after Donald Trump suggested the 78-year-old died because of his anti-Trump views.

He referred to the director as “tortured and struggling” and said he and his 68-year-old wife had died “reportedly due to the anger he caused” by opposing the Republican president.

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Reiners were ‘not deranged’

Ms Obama said: “Let me just say this, unlike some people, Rob and Michele Reiner are some of the most decent, courageous people you ever want to know.

“They are not deranged or crazed. What they have always been are passionate people in a time when there’s not a lot of courage going on.”

File pic: AP
Image:
File pic: AP

The former first lady highlighted how caring the couple were; stating they cared about their family, country and fairness and equality.

In a post on Truth Social, Mr Trump suggested the Reiners died “reportedly due to the anger he caused others through his massive, unyielding and incurable affliction with a mind crippling disease known as Trump derangement syndrome”.

“He was known to have driven people crazy by his raging obsession of President Donald J Trump, with his obvious paranoia reaching new heights as the Trump Administration surpassed all goals and expectations of greatness, and with the Golden Age of America upon us, perhaps like never before.”

Rob Reiner with Hillary Clinton. Pic: Reuters
Image:
Rob Reiner with Hillary Clinton. Pic: Reuters

Rob Reiner was known for directing some of the most-loved films of the 1980s and 1990s, including the rom-com When Harry Met Sally and the legal thriller A Few Good Men.

Tributes pour in

Former US presidents Joe Biden, Barack Obama and Bill Clinton as well as former US speaker Nancy Pelosi also paid tribute to the director.

Mr Obama added: “Beneath all of the stories he produced was a deep belief in the goodness of people – and a lifelong commitment to putting that belief into action.”

Michelle Obama spoke to Jimmy Kimmel. Pic: AP
Image:
Michelle Obama spoke to Jimmy Kimmel. Pic: AP

Among the other high-profile figures paying tribute was actress Jamie Lee Curtis, who played Reiner’s ex-wife in the hit comedy series New Girl. She said: “I will always remember them as they lived. Passionate. Political. Surrounded by family and friends.”

US actor Kevin Bacon, who starred in A Few Good Men, appeared emotional in a video he shared on Instagram, praising the director for giving him the role.

Bacon said: “The making of that movie was one of the best experiences that I’ve ever had on a set.

“It was a magical time. So, I’m just sending love to everybody that knew him, because I know that everyone’s hurting today.”

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Reiner’s other films included The Princess Bride (1987), Ghosts Of Mississippi (1996) The Story Of Us (1999), The Magic Of Belle Isle (2012) and LBJ (2016).

Actress and activist Jane Fonda said she was “reeling with grief” in a post on Instagram, while Stephen King, whose books were adapted into Reiner’s 1986 Stand By Me and 1990’s Misery, said he was “horrified and saddened” by the death of the Reiners.

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