Thanks everyone for the feedback
Originally Posted by
clacko
my ? is, if i have 75k in stocks & 50k in an ira, and the incentive is for 100k, will i get the incentive....if i move 100k or more + an ira, i could be rewarded w/o counting the ira....
Originally Posted by
CPRich
I think it is by account, so your 75K plus 50K would, I expect, only earn one $100 bonus for the 50K-100K tier. But 100K in one type would be better - $250.
If your 75K in stocks is non-retirement funds, I doubt that they would count those assets together with the 50K IRA in awarding bonuses; I think all banks and brokerage firms have to maintain very clear separation between retirement and non-retirement accounts. Nevertheless, it can't hurt to ask.
Originally Posted by
shanshan
interesting. I transfered assets out of my fidelity brokerage into TD Ameritrade for the SPG bonus. Got the 10K SPG points pretty quickly and will get the 2nd 10K I'm told after 6 months (although I thought fine print said 9 months?). I never thought of rolling over my 401K as well to take advantage of promotions. Great idea!
That said I do love Fidelity. Lower trading costs and better trading platform IMHO. I dislike Schwab a lot and have yet to really toy with TD's platform.
Thanks for your thoughts on TD Ameritrade v Fido v Schwab. I have never dealt with Schwab and they don't seem to be offering any bonuses. I've basically been satisfied with Fido over the years, but I'm impressed by how proactive TD Ameritrade has been since I called them a few weeks ago about the SPG offer.
Originally Posted by
AlohaDaveKennedy
One idea - take 50K IRA to Citi and open a Citigold Checking for 23k plus AA with the IRA as the qualifying balance to avoid fees.
Is the 23K AA miles one of the CB bonuses for a banking account? If so, are people getting 1099s for these? I'm wary of CB banking offers with AA miles bonuses since I got a 1099 last year on a CB USA bonus(10K miles at 2.5 cpm).
I already have Citigold checking and actually am in the process of moving a smaller former employer retirement account there to meet the 50K CG minimum. From the preliminary discussions I have had with the Citi Personal Wealth Management investment advisor who opened my IRA, it seems like Citi's fees are high compared to Fido (not really surprising). It won't matter too much to me b/c I plan to just pick one or two mutual funds or ETFs and hold them, but this might be something worth considering for a more active investor.