No. of Recommendations: 0
FWIW.
Rolling over $250k+ of your IRA will net you $700 of free money right now.
No. of Recommendations: 1
Rolling over $250k+ of your IRA will net you $700 of free money right now.
At what cost compared with where those $250k sit now?
-Fees
-Investment options--stocks, bonds, options, derivatives, etc
-Regulation T interpretation
-Customer service--including how often it needs to be tapped
Eric Hines
No. of Recommendations: 0
At what cost compared with where those $250k sit now?
-Fees
-Investment options--stocks, bonds, options, derivatives, etc
-Regulation T interpretation
-Customer service--including how often it needs to be tapped
No fees.
Has all usual investments for IRAs i.e. stocks, bonds, their ETFs, options. I don't think it has futures or OTC derivatives. I don't care about the latter in a retirement account and I think 99% on this board won't either.
No clue what Reg T is and don't care.
Customer service is a good point. Spotty so far. And online account transfer (full and partial) doesn't work. That's a hassle you have to weigh against the free $700. OTOH you are not married to it. Fund the account within 45 days, leave money in for 90 more, collect $700, then transfer again to friendly websites like Fidelity. Up to you.
No. of Recommendations: 1
I don't mind signing up for some bonuses and $700 is certainly a decent amount for many of us but $250K is a lot of money to move around. For a while I had cash not doing much so I tried to catch some bonuses a couple of years ago but Chase can be difficult at times. I believe the money will trigger a 1099-INT tax document.
Although I'll likely pass on it, thanks for posting.
