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Subject:  Re: Merrill Edge Date:  12/8/2018  3:27 PM
Author:  intercst Number:  91040 of 96385

I've toyed with the idea of transferring a rollover IRA account between Merrill and Etrade annually, to collect a $600 bonus every year. Haven't bothered to do it. Has anybody here done it? Why not?


A few years ago I transferred a $100,000 block of stock to Fidelity to capture 50,000 frequent flyer miles (a round-trip ticket to Europe worth $1,300 cost 60,000 miles, so the Fidelity promotion was worth a bit over $1,000) After 9 months, I transferred the shares back to Vanguard.

Probably took 15-20 minutes to initiate each transfer, so it was more than enough payback for the time expended, but well short of free-Obamacare.

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