Current bonus offers for 401K/IRA rollover
Jan 19, 2012, 9:19 am
#16
Original Poster
Join Date: Oct 2009
Location: Washington, DC area
Programs: Air: Many; Hotel: HH D, HY G, IHG P, MR S, RR
Posts: 504
I started a thread about six months ago that might provide some useful options:
http://www.flyertalk.com/forum/miles...-rollover.html
In addition, I believe that Sharebuilder has a point bonus for some airlines for opening a new account, including IRAs. At least they had a promotion like this last fall during the USAirways Grand Slam. The bonus offered then for USAirways was 2500 miles.
http://www.flyertalk.com/forum/miles...-rollover.html
In addition, I believe that Sharebuilder has a point bonus for some airlines for opening a new account, including IRAs. At least they had a promotion like this last fall during the USAirways Grand Slam. The bonus offered then for USAirways was 2500 miles.
Jan 19, 2012, 10:03 am
#17
Join Date: May 2008
Location: PHL (kinda, no airport is really close)
Programs: AA Exp, but not sure for how long. Enterprise Platinum woo-hoo!
Posts: 4,550
In general, bonuses are not allowed on retirement accounts, for tax reasons. Please don't argue or try to pursue the logic or illogic of it, it is what it is.
Jan 19, 2012, 12:33 pm
#19
Join Date: May 2000
Location: Houston, TX, USA
Programs: UA 1K, AA Lifetime Platinum, DL Platinum, Honors Diamond, Bonvoy Titanium, Hertz Platinum
Posts: 7,969
Perhaps the difference is that the bonus is paid as an additional deposit into the account. That is, it could be considered "bonus interest" or some such thing. That's very different than something such as miles paid to the account holder but outside of the retirement account.
Jan 19, 2012, 1:30 pm
#20
Join Date: Dec 2005
Programs: AS MVP
Posts: 294
Thanks for asking this, thebat.
Like redtop43 and probably others, I also thought that IRAs were generally exempt from bonuses and other offers. Glad to see that's not the case.
Thanks mia and needtoescape for your responses! very helpful.
Like redtop43 and probably others, I also thought that IRAs were generally exempt from bonuses and other offers. Glad to see that's not the case.
Thanks mia and needtoescape for your responses! very helpful.
Jan 19, 2012, 8:15 pm
#21
Join Date: Dec 2011
Programs: Hyatt Globalist, Marriott Titanium, Hilton Diamond, Wyndham Diamond, IHG Diamond, Omni Platinum
Posts: 197
https://www.tdameritrade.com/welcome4.html
You can get up to $600 for rolling over a 401k
Mar 3, 2013, 1:18 pm
#23
Join Date: Jul 2011
Location: CT
Programs: HH Diamond, Marriott Platinum
Posts: 429
Transfer to Fidelity, Vanguard , Schwab...
I know that I can earn miles opening bank/checking accounts for miles, but I am looking to rollover 80-100k in Ira's and funds to take advantage of the cheaper costs at these 3 firms. Does anyone know of a way to earn miles doing this? Thanks
Mar 3, 2013, 2:51 pm
#25
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Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
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JRV62's question has been appended to a similar discussion from 2011. Reviewing those posts will help explain the regulatory restrictions on offering rewards for retirement accounts.
Mar 3, 2013, 9:40 pm
#26
Join Date: Sep 2012
Posts: 57
On BOA's front page was an offer for up to $600 to rollover into a new account. May only be $100 for under $100k.
Mar 4, 2013, 5:34 am
#27
Join Date: Apr 2011
Posts: 2,055
Summary of offers
From what I have seen in this thread so far, here are the available offers:
BoA (Merrill Edge) - Offer
$25,000 - $100 | $50,000 - $150 | $100,000 - $250 | $200,000 - $600
Notes: Unknown number of accounts, Maintain assets for 90 days? May file 1099.
Charles Schwab - Offer
$25,000 - $000 | $50,000 - $200 | $100,000 - $300 | $250,000 - $600
Notes: Up to two accounts, Maintain assets for 1 year, 1099-MISC for $600+
TD Ameritrade - Offer
$25,000 - $100 | $50,000 - $100 | $100,000 - $300 | $250,000 - $600
Notes: Up to one account, Maintain assets for 9 months, 1099-MISC for $600+
All provide some number of free trades for a limited period.
BoA (Merrill Edge) - Offer
$25,000 - $100 | $50,000 - $150 | $100,000 - $250 | $200,000 - $600
Notes: Unknown number of accounts, Maintain assets for 90 days? May file 1099.
Charles Schwab - Offer
$25,000 - $000 | $50,000 - $200 | $100,000 - $300 | $250,000 - $600
Notes: Up to two accounts, Maintain assets for 1 year, 1099-MISC for $600+
TD Ameritrade - Offer
$25,000 - $100 | $50,000 - $100 | $100,000 - $300 | $250,000 - $600
Notes: Up to one account, Maintain assets for 9 months, 1099-MISC for $600+
All provide some number of free trades for a limited period.
Last edited by Spiff; Feb 20, 2014 at 7:18 pm
Mar 4, 2013, 8:05 am
#28
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Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
Mar 4, 2013, 8:35 am
#29
Join Date: Sep 2012
Posts: 57
None that I've seen. I'd personally take the $300 as an exchange for 25k aa miles though (like fidelity offers). Plus Ira are much easier to move around since you generally don't take the short term gains tax hit.