SoFi IRA: Low-Fee Retirement Investing with a 1% Match
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SoFi IRA: Low-Fee Retirement Investing with a 1% Match
SoFi IRAs give you flexible retirement investing options—with zero management fees, commission-free trading, and a 1% match on contributions.
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SoFi IRA: Low-Fee Retirement I...
What Is SoFi Retirement?
SoFi Retirement is a suite of Individual Retirement Accounts (IRAs) offered by SoFi, a financial technology company known for its user-friendly investing, banking, and lending products.
Whether you prefer hands-off robo-advising or self-directed investing, SoFi makes saving for retirement accessible, affordable, and rewarding.
SoFi IRA Overview
| Offer | Best For | Minimum Balance | Trading Fees | Get Started |
|---|---|---|---|---|
| IRAs (Traditional, Roth, SEP, Rollover) | Low-fee retirement investing with optional guidance | $0 | $0 | Visit Website |
How SoFi IRA Works
Choose between DIY investing or automated portfolio management, all within a sleek, easy-to-use app.
- Open a Traditional, Roth, SEP, or Rollover IRA through the SoFi website or app.
- Choose between automated investing or build your own portfolio of stocks and ETFs.
- Set up ACH transfers to fund your account and take advantage of SoFi’s 1% match.
Key Features & Benefits
| Feature | Benefit |
|---|---|
| 1% Contribution Match | Boost your retirement savings with a 1% match on ACH deposits |
| Commission-Free Trading | Buy and sell stocks and ETFs with no trading fees |
| Robo-Advisor Option | Let SoFi manage your IRA portfolio at no extra cost |
| Financial Planning Access | Complimentary sessions with Certified Financial Planners |
| IRA Transfers and Rollovers | Move retirement funds from other providers easily and without penalties |
Who Is It For?
- First-time IRA investors seeking an easy, low-cost entry point
- Self-employed individuals looking for SEP IRA options
- Investors who want to combine automation with professional guidance
Pricing & Fees
- Management Fee: $0 for automated portfolios
- Trading Fees: $0 for stocks and ETFs in self-directed accounts
- Minimum Balance: None required
Trust & Security
- Brokerage accounts are offered by SoFi Securities LLC, member FINRA/SIPC
- SIPC insurance up to $500,000 for securities
- Multi-factor authentication and bank-level encryption
FAQs about SoFi IRA
Does SoFi charge advisory or account maintenance fees?
No. SoFi IRAs are free to open and use, with no advisory or annual fees.
Is the 1% match automatic?
The 1% match is applied to contributions made via ACH, up to applicable limits. See SoFi’s terms for eligibility.
Can I access financial planners?
Yes. SoFi offers free financial planning support with Certified Financial Planners (CFPs).
| Account Types | Retirement |
|---|---|
| Advisory Style | Fully Automated |
| Features & Access | Educational Resources, Savings Automation |
| Fees & Pricing | No Monthly Fees |
| Investment Options | ETFs, Stocks |
| Minimum Deposit | $0 Minimum |
| Perks & Value Adds | Retirement Planning Tools |
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