1% IRA Match
This year, aspire to
retire a millionaire.
With a 1% IRA match on rollovers and contributions1 - plus the power of compound returns-investing $7K a year for 40 years could put you on the path to retiring a millionaire.2
2The S&P 500 Index return does not include the reinvestment of dividends or account for investment fees, expenses, or taxes, which would reduce actual returns.
1Terms and conditions apply. Roll over a minimum of $20K to receive the 1% match offer. Matches on contributions are made up to the annual limits.
The power of
compound returns.
It's all due to one simple, yet powerful, idea: The longer your money stays in market, the more you could earn. Why? Because you’re getting returns on both your original contribution, plus the interest earned year over year.
Let's walk it out: If you invest $7K in an IRA that returns 7%—the historical rate of return for the S&P 500 Index—you could earn $490 in returns the first year. The following year, you could earn 7% on $7,490, which is $524, bringing your overall balance to $8,014. In year three, you could earn 7% on $8,014, and so on.2
Making the max annual IRA contribution could help you reach millionaire status in retirement. Add our 1% match on top, and you're retiring in style.
Get a 1% matchAre you investing enough to retire in style?
Use our calculator to see how much you need to invest each year to reach your retirement goals.3
How our retirement calculator works.
Why go with a SoFi IRA?
Tax advantages
IRA earnings have tax-deferred or tax-free growth potential, meaning you keep more of what you save.
Choose active or auto
Take the wheel yourself with an active (or self-directed, SoFi Securities LLC) IRA, or let SoFi handle it with an automated (or robo, SoFi Wealth LLC) account.
Control and flexibility
Be as conservative or aggressive as you want when choosing your investment tolerance.
SoFi doesn’t provide tax or legal advice. Individual circumstances are unique.
Consult with a qualified tax advisor or attorney about your specific needs.
Is your 401(k) collecting dust? Roll it over with a 1% match.
Abandoned 401(k) accounts exceed $1.65 trillion—don’t let yours be one of them. Roll over your 401(k) into a SoFi IRA and get a 1% match on every dollar.1
Don't have a SoFi IRA? Open an account to get started—otherwise, begin the rollover process now.
1Terms and conditions apply. Roll over a minimum of $20K to receive the 1% match offer.
Here's how it all works:
An individual retirement account (IRA) gives you tax advantages when it comes to saving and investing money for your retirement. With a traditional IRA, your investments have the opportunity to grow tax-deferred with before-tax contributions. A Roth IRA offers tax-free growth potential on after-tax contributions.
Each year, the IRS sets a maximum amount that you can contribute across all of your IRAs, including those outside of SoFi. For 2024 and 2025, the contribution limit is $7,000 for people under age 50, and $8,000 for people age 50 and over. SoFi will match all contributions up to the annual limit at 1%.1
There is no limit to what you can roll over from your 401(k) into a SoFi IRA. Plus, the sky’s the limit on our match offer! However, you must roll over a minimum of $20K to be eligible for the 1% match. 1
There's always more to learn.
Everything you never thought you needed to know about Retirement Planning.
FAQs
Retirement reimagined.
A 1% match of eligible contributions to your IRA gives you an easier way to build your future, without relying on an employer plan. Start saving today.