Robinhood Markets (NASDAQ: HOOD) has played an instrumental role in bringing millions of people into the investing community. With its trading app, Robinhood has appealed to a new generation of investors and given them the tools that they're most comfortable using to get their money working harder for them.

Earlier this week, Robinhood announced its plans to start offering retirement accounts for its customers. The launch of Robinhood Retirement included a new incentive for account holders that closely resembles what many employees receive from their employers when they save in 401(k)s and other employer-sponsored retirement plans.

However, would-be retirement savers should take notice of the terms and conditions under which Robinhood is making this innovative offer.

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Source Fool.com