RetiredAndLovingIt
Thinks s/he gets paid by the post
I opened a Fidelty account last year for my taxable funds to try and simplify my money management and have been buying CD's and Treasuries. It's definitely so much easier than than opening accounts all over the place with banks and I want to get away from that if I can.
Now I'm thinking about moving a good portion of my IRA accounts to a brokerage as well. I'd start with $75K now but I could go a lot higher if I wait a couple of months till some more CD's mature.
Has anyone asked for and received any kind of bonus from any of the brokerages to open an account and transfer IRA to them? Right now I don't even qualify for the $100 at Fidelity since I used that offer last year to open my Cash Management account and it loooks like it can't be used again.
Also is it wise to use a couple of brokerages, for example keep a Roth at Schwab and a Traditional at Fidelity?
Am I understanding the FDIC coverage correctly in that I have unlimited FDIC insurance in CD's /Treasuries as long as I keep CD purchases under $250K with each bank?
Thanks in advance for your feedback.
Now I'm thinking about moving a good portion of my IRA accounts to a brokerage as well. I'd start with $75K now but I could go a lot higher if I wait a couple of months till some more CD's mature.
Has anyone asked for and received any kind of bonus from any of the brokerages to open an account and transfer IRA to them? Right now I don't even qualify for the $100 at Fidelity since I used that offer last year to open my Cash Management account and it loooks like it can't be used again.
Also is it wise to use a couple of brokerages, for example keep a Roth at Schwab and a Traditional at Fidelity?
Am I understanding the FDIC coverage correctly in that I have unlimited FDIC insurance in CD's /Treasuries as long as I keep CD purchases under $250K with each bank?
Thanks in advance for your feedback.