Subject: Re: 3% bonus for IRA transfer
I'm seriously considering this for my Traditional and Roth IRA. That's a tax free $30k if you transfer a combined $1M. The 3% bonus is received as interest into the IRA so no 1099 is issued.

Rich, why no interest in this? Do you have specific concerns about the offer?

One point I'm not clear on is if they would claw back the bonus on conversions from the traditional to Roth IRA. That would limit the value to me over the next 5 years.

Any other concerns?

bclstube