10-Q, Member Exclusive

Have gig workers given up on retirement savings? It’s wiser not to, says Robinhood

  • Robinhood is expanding and showing a readiness to explore untapped areas within the industry. The newest step in driving these efforts forward is the rollout of the Robinhood Retirement For Independent Workers plan.
  • Robinhood's strong Q4 earnings result likely bolstered the investment platform's confidence to further pursue its 'expansion through a diversification' narrative.
close

Email a Friend

Have gig workers given up on retirement savings? It’s wiser not to, says Robinhood

Robinhood suggests ‘preparing for your golden years’ starting NOW.

 

by SARA KHAIRI

Robinhood is expanding and showing a readiness to explore untapped areas within the industry.

While trading forms the bedrock of Robinhood, the investment platform has embraced the ethos of diversification. Sherwood Media, credit card business, Gold Subscriptionshigh APY on deposits, traditional and Roth retirement accounts, and most recently launching services in the EU for crypto trading and the UK for brokerage are key components orchestrating the firm’s expansion through a diversification narrative.

The newest step in driving these efforts forward is the rollout of the Robinhood Retirement For Independent Workers plan. What sets the service apart is its exclusive targeting of gig workers, a group that often perceives retirement as unattainable. Roughly one-third of American workers engage in the gig economy through their primary or secondary employment, totaling an estimated 57 million individuals.

Tearsheet Take: What drove this choice? And the bigger question…


subscription wall for TS Pro

0 comments on “Have gig workers given up on retirement savings? It’s wiser not to, says Robinhood”

10-Q, Member Exclusive

Trump, Crypto, and Banks: A love triangle with trust issues

  • With the new president reshuffling the financial deck and rolling out the red carpet for crypto, banks are likely stuck in a corporate identity crisis.
  • Should they dive headfirst into the DeFi space or stick to the tried-and-true methods that have kept them at the top?
Sara Khairi | February 10, 2025
10-Q, Member Exclusive

Is AI your new work buddy or your pink slip in disguise? WEF 2025 Davos has thoughts

  • This year at WEF Davos, AI was practically the event’s co-host, sharing the spotlight with American politics.
  • AI can be a force for good or bad, but instead of focusing solely on job loss, the finance industry can view it through a wider lens.
Sara Khairi | February 03, 2025
10-Q, Member Exclusive

Inside the mind of Wise’s New Commercial Director for North America and her ambitious plans

  • Wise Platform has appointed Lauren Langbridge as its new Commercial Director for North America.
  • Lauren shares her career journey, vision for Wise, and transition to leading a public company in North America.
Sara Khairi | January 27, 2025
10-Q, Member Exclusive

Big Banks, Big Bucks: After a mic-drop Q4 2024, what’s on the menu for Q1 2025?

  • Big banks made a splash last week with their strong Q4 2024 earnings.
  • To keep the earnings streak alive in Q1 2025, FIs might need to refine their strategies — here’s what they could focus on.
Sara Khairi | January 20, 2025
Banking, Green Finance, Member Exclusive, The Quarterly Review

The Quarterly Review: Citizen’s Rachel Mattes Greenberg on how her team is sprinting to success in order to meet the bank’s $50 billion Sustainable Finance target

  • In April, Citizens' Head of Sustainability Rachel Mattes Greenberg, told me that she and her team were hard at work ensuring the bank meets its $50 billion in Sustainable Finance Target.
  • Her strategy involved launching two ESG reports and helping Citizens' bankers engage high-emitting clients in conversation about sustainability. Now she is here to report how these efforts panned out and where she is expecting to go next.
Rabab Ahsan | January 14, 2025
More Articles