Search found 2264 matches

by theplayer11
Mon Mar 11, 2024 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: perfect credit rating, can’t use my credit
Replies: 18
Views: 2316

Re: perfect credit rating, can’t use my credit

your denials don't make sense to me..what cc company? What inquiries were recent? I get 4-5 cc a year, mostly from Chase about 3 months apart.
by theplayer11
Sun Mar 10, 2024 10:07 am
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

seems like those bashing RH are people who know it's a great deal, but are too scared to pull the trigger..so they bash. Human nature I guess.
by theplayer11
Sat Mar 09, 2024 12:25 pm
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

Does anyone know when RH will credit dividends to the brokerage account? I can see $8 of dividends pending from SGOV last month but don’t see it available in my balance. I’m the one who bought $2k of SGOV and then another $1k of SGOV on margin. I’m thinking that when the $8 goes in, I’ll have used $992 of margin and then when RH takes out the $5 for Gold, it’ll will take me back to using $997. Do I have this correct? Separate question. When you’re looking at your brokerage account, should the balance be the total of your funds PLUS the margin investments? Or should I only be seeing $2k? Today was the payment date so it should have credited today. Unless you have it reinvesting it should reduce your use of margin, and the $5 fee will increa...
by theplayer11
Thu Mar 07, 2024 7:42 pm
Forum: Personal Consumer Issues
Topic: Contractor sent an additional invoice that was not agreed upon
Replies: 10
Views: 1634

Re: Contractor sent an additional invoice that was not agreed upon

$85 a foot? I paid 12/ft for rotary well dug 3.5 years ago. Drilled 400 ft and I paid $8,900.
1.5HP pump installed(no tank) and 100' trench dug for electric. Steel casing $380, site prep $500, water test $200.
by theplayer11
Tue Mar 05, 2024 11:41 am
Forum: Personal Finance (Not Investing)
Topic: If/how/how much to financially assist kids that choose not to go to college
Replies: 48
Views: 3794

Re: If/how/how much to financially assist kids that choose not to go to college

Random Musings wrote: Mon Mar 04, 2024 8:55 pm Our goal is to provide our children a reasonably close amount of financial support, be it for college, trade school, investment portfolio, whatever. And I tell them that I am not going to financially favor either of them. Why create resentment between siblings?

RM
shouldn't cause resentment if a child chooses not to go to college. As parents, we chose to pay for our kids education up to 4 years in college. If 1 didn't choose to go to college, they certainly weren't getting an equivalent lump sum $ amount.
by theplayer11
Tue Mar 05, 2024 6:15 am
Forum: Personal Consumer Issues
Topic: What to do if I am subpoenaed as a witness but I have overseas travel plans
Replies: 28
Views: 4084

Re: What to do if I am subpoenaed as a witness but I have overseas travel plans

No way I'm missing a vacation over this. Call and tell them the dates you won't be around.
by theplayer11
Sat Mar 02, 2024 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Your QuickBooks Desktop 2021 software will be discontinued
Replies: 22
Views: 3079

Re: Your QuickBooks Desktop 2021 software will be discontinued

Dang. I have still been happily using QuickBooks Pro Desktop 2016 and not upgraded since that time - doing very straightforward usage, running simple monthly payroll elsewhere and typing in the results for 2 minutes each month. Been getting the discontinued warning for many months - hadnt chosen to install the latest updates for long time, and had been humming along nicely. Message changed to grow more urgent in recent months. Now, from today, I have found that some features are no longer working. Like trying to open checking account register is giving "Unrecoverable Error" and software shuts down. It feels like Intuit has ramped it up a notch trying to get me off of this. Did it happen to anyone else? Like others of you, I dont ...
by theplayer11
Sat Mar 02, 2024 6:48 am
Forum: Personal Consumer Issues
Topic: Airline Miles and Hotel Points
Replies: 37
Views: 4413

Re: Airline Miles and Hotel Points

Providers with no CC: Southwest, United, Alaska Air. Would you know if having a “provider” credit card affects the redemption rates or redemption options? I understand that CC provides more avenues to earn miles/points but does it give advantages for using miles/points? Yes. With the United card you get extra miles based on category of spend. The card also allows you to get access to certain reward fares that may not otherwise be available. That being said, I think miles/points are just about worthless these days and I would not open a credit card to get one. The number of points you need to redeem flights is insane. You either need to find a unicorn fare (that usually involves a horrible flight time or inconvenient connection), play the s...
by theplayer11
Thu Feb 29, 2024 8:45 pm
Forum: Personal Consumer Issues
Topic: Airline Miles and Hotel Points
Replies: 37
Views: 4413

Re: Airline Miles and Hotel Points

Providers with no CC: Southwest, United, Alaska Air. Would you know if having a “provider” credit card affects the redemption rates or redemption options? I understand that CC provides more avenues to earn miles/points but does it give advantages for using miles/points? Yes. With the United card you get extra miles based on category of spend. The card also allows you to get access to certain reward fares that may not otherwise be available. That being said, I think miles/points are just about worthless these days and I would not open a credit card to get one. The number of points you need to redeem flights is insane. You either need to find a unicorn fare (that usually involves a horrible flight time or inconvenient connection), play the s...
by theplayer11
Tue Feb 27, 2024 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with/spend too much money?
Replies: 91
Views: 8902

Re: How to deal with/spend too much money?

I think a lot of Bogleheads will reach a certain age and ask themselves why they didn't spend more on themselves when they were younger as they sit on a nest egg that will mostly go to their kids. Everyone parrots the phrase "live below your means", but maybe the better phrase is "live within your means".
by theplayer11
Mon Feb 19, 2024 10:29 am
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

Can you help where to find the Withdraw feature? I checked my Robinhood account using both desktop browser and iOS app. I can only find Transfer Accounts Into and Transfer Cash Out, I cannot find Transfer Accounts Out.
use transfer option to your brokerage account at RH. You can go through the steps until you see the fee
by theplayer11
Mon Feb 19, 2024 9:34 am
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

Lots of folks asked about what if withdrawing from or transferring out of RH after the bonus posted. The idea is to transfer out such an amount so that the remaining balance immediately after that is still above 'net transferred asset value'. I managed to find a seemingly pretty knowledgeable chat CSR who explained the algorithm for the 1% taxable promotion: 1. You can get the 'net transferred asset value' by dividing the total bonus with 1%; let us say $XXX. 2. Say the asset value becomes $XXX + $YYY later (YYY is positive), you can withdraw $YYY. 3. Later if asset drops below e.g $XXX - $ZZZ (ZZZ is positive), there is no clawback since that drop is not caused by your withdrawal. 4. Later is asset rises again and becomes $XXX + $WWW (WWW...
by theplayer11
Mon Feb 19, 2024 1:59 am
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

Lots of folks asked about what if withdrawing from or transferring out of RH after the bonus posted. The idea is to transfer out such an amount so that the remaining balance immediately after that is still above 'net transferred asset value'. I managed to find a seemingly pretty knowledgeable chat CSR who explained the algorithm for the 1% taxable promotion: 1. You can get the 'net transferred asset value' by dividing the total bonus with 1%; let us say $XXX. 2. Say the asset value becomes $XXX + $YYY later (YYY is positive), you can withdraw $YYY. 3. Later if asset drops below e.g $XXX - $ZZZ (ZZZ is positive), there is no clawback since that drop is not caused by your withdrawal. 4. Later is asset rises again and becomes $XXX + $WWW (WWW...
by theplayer11
Mon Feb 19, 2024 12:46 am
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

Lots of folks asked about what if withdrawing from or transferring out of RH after the bonus posted. The idea is to transfer out such an amount so that the remaining balance immediately after that is still above 'net transferred asset value'. I managed to find a seemingly pretty knowledgeable chat CSR who explained the algorithm for the 1% taxable promotion: 1. You can get the 'net transferred asset value' by dividing the total bonus with 1%; let us say $XXX. 2. Say the asset value becomes $XXX + $YYY later (YYY is positive), you can withdraw $YYY. 3. Later if asset drops below e.g $XXX - $ZZZ (ZZZ is positive), there is no clawback since that drop is not caused by your withdrawal. 4. Later is asset rises again and becomes $XXX + $WWW (WWW...
by theplayer11
Fri Feb 16, 2024 1:32 am
Forum: Personal Consumer Issues
Topic: Pay cleaning lady for snow day?
Replies: 119
Views: 10091

Re: Pay cleaning lady for snow day?

I thought I had Bogleheads figured out, but apparently not. Pay for someone to clean their house, even pay when they don’t clean the house, yet drive 12-15 year old Corollas :D
by theplayer11
Thu Feb 15, 2024 12:44 am
Forum: Personal Consumer Issues
Topic: Pay cleaning lady for snow day?
Replies: 119
Views: 10091

Re: Pay cleaning lady for snow day?

i’m actually surprised how many hire someone to clean their own house.
by theplayer11
Wed Feb 14, 2024 10:52 am
Forum: Personal Consumer Issues
Topic: Pay cleaning lady for snow day?
Replies: 119
Views: 10091

Re: Pay cleaning lady for snow day?

pay for a service not performed? nope.
by theplayer11
Tue Feb 13, 2024 1:23 am
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

Can someone please confirm what amount of money one can take out later without bonus clawback? Assume I transfer 500K and RH adds 15K bonus, for a total of 515K balance on the day of transfer. Can I take out anything in the next 5 years, as long as the new balance remains above 515K? That's my understanding of this deal. If that's not correct, please let me know what it is given above numbers. Thanks! That's my understanding, but I don't plan to take anything out, and if you do plan to take something out, you're kind of screwed if the market takes a nosedive. Thanks for confirmation. I don't plan to touch my IRA for another 10 years, so that's not an issue. Since many posters expressed concern about balances above SIPC coverage, I just wan...
by theplayer11
Sun Feb 11, 2024 1:38 am
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

For those of you transferring from Schwab, can you please help provide some guidance? 1. Did you simply follow all of the prompts on Robinhood to initiate the transfer? Anything tricky with this or something to be aware of, for someone who is moving their IRA for the first time? 2. How long did the process take? I'm wondering if this will take me a few mins or do I need to allocate a couple hours to complete (Just the online part, not the actual transfer of Schwab funds to Robinhood) 3. I am reading about the $1000 margin that can be used to purchase SGOV. Where do I access this on Robinhood? I've been clicking around, made a couple trades in my Brokerage account, but haven't been able to figure this out. activate margin, deposit $2k and b...
by theplayer11
Sat Feb 10, 2024 9:24 am
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

The $60/year for Robinhood Gold comes with $1000 of 0% interest margin. If you invest that in SGOV (0-3 month treasury bond ETF) at the current 5.32% yield, you'd make $53.20. That means Robinhood Gold costs $6.80/year. Thanks for the info, this has been helpful. I've been working through this process and for the most part it's working out well. I have a few questions though. I signed up for Robinhood Gold and would like to use the 1k in 0% interest margin. To be eligible for the margin account, I needed to deposit $2k in cash. If I invest in SGOV, my understanding is that the cash balance will be used first, and then the margin if the cash balance is $0. So to use the $1k in margin, I'd need to invest $3k total. However, the monthly subsc...
by theplayer11
Sat Feb 10, 2024 4:45 am
Forum: Personal Consumer Issues
Topic: Time for a new roof and it’s the first one I’m replacing - help!
Replies: 20
Views: 2725

Re: Time for a new roof and it’s the first one I’m replacing - help!

Certainteed Landmark premium
weathered wood
windy area, get a 300lb/sq
by theplayer11
Mon Feb 05, 2024 8:45 am
Forum: Personal Consumer Issues
Topic: Trip to Italy
Replies: 28
Views: 2942

Re: Trip to Italy

too many places and Sienna over Pisa.
by theplayer11
Mon Feb 05, 2024 8:43 am
Forum: Personal Consumer Issues
Topic: Sleeping struggles with two people one bed
Replies: 71
Views: 6829

Re: Sleeping struggles with two people one bed

who wouldn’t want sheet and blanket tucked in at the bottom? You can always keep side untucked and have legs totally outside if you wanted. Not understanding the problem I guess
by theplayer11
Sat Feb 03, 2024 12:01 pm
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

The $60/year for Robinhood Gold comes with $1000 of 0% interest margin. If you invest that in SGOV (0-3 month treasury bond ETF) at the current 5.32% yield, you'd make $53.20. That means Robinhood Gold costs $6.80/year. Thanks for the info, this has been helpful. I've been working through this process and for the most part it's working out well. I have a few questions though. I signed up for Robinhood Gold and would like to use the 1k in 0% interest margin. To be eligible for the margin account, I needed to deposit $2k in cash. If I invest in SGOV, my understanding is that the cash balance will be used first, and then the margin if the cash balance is $0. So to use the $1k in margin, I'd need to invest $3k total. However, the monthly subsc...
by theplayer11
Fri Feb 02, 2024 1:22 pm
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

plutoblackhole wrote: Fri Feb 02, 2024 7:36 am I initiated the ACATS on Wednesday morning, securities were removed from Fidelity Wednesday night, and showed up Thursday night along with the bonus. I think that was the quickest transfer I've ever seen. $23k free money between me and DW, we bought a Kubota tractor to celebrate. :D
excellent! nice to use "free money" for a specific purpose instead of it just getting "lost" and blended into the portfolio.
by theplayer11
Thu Feb 01, 2024 7:15 pm
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

nextmilenium wrote: Thu Feb 01, 2024 5:56 pm What happens to fractional shares? I see fractional shares were not transferred and instead were sold and now sit as cash in Fidelity. Will the cash transfer later or do I need to initial another transfer?
took a couple of days after initial transfer from Schwab
by theplayer11
Wed Jan 31, 2024 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-MISC for business credit card referral bonus - Schedule C or interest?
Replies: 20
Views: 1980

Re: 1099-MISC for business credit card referral bonus - Schedule C or interest?

Is the 1099-misc show your social security # or business EIN? Mine shows social, so it's going on my 1040. Chase sends the 1099-misc if over $600. Those ink card referrals were upped to 40k points last year(valued at $400) so 2 referrals puts you over the threshold. I got wacked with $2,800 between wife and I on referrals.
by theplayer11
Tue Jan 30, 2024 4:17 pm
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

I ended up withdrawing the match(about $5,600) on my Roth transfer and was charged $85 fee. why would you withdraw the most valuable dollars you can possibly own, as in $5600 that you otherwise wouldn't be allowed to contribute to Roth to grow tax free? the biggest appeal of this match is being able to apply the bonus to Roth above the max contribution limit, and never having it or it's gains subject to taxes/fees, and you for some reason decided to forfeit that and pay a fee on top..? curious how you managed to accumulate that much into a Roth without ever realizing its true value My plan was to get "free" money for a project...and it took little effort. My Roth balance was where it was before the transfer. Everyone has differen...
by theplayer11
Tue Jan 30, 2024 2:12 pm
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

Just wanted to confirm that you will be charged an early removal fee if your balance after your withdrawal is less than your transfer in amount "plus" the match. They totally botched the FAQ on this and also when I emailed them for clarification. This can easily be tested by going through a mock withdrawal, before the final submit option it will state the removal fee you will be paying. This changes in real time as the market fluctuates. I ended up withdrawing the match(about $5,600) on my Roth transfer and was charged $85 fee. That's actually very transparent of them to state the penalty on an early withdrawal. I agree, but botching the FAQ on this and also confirming by email that there would be no fee doesn't look good. "...
by theplayer11
Tue Jan 30, 2024 1:53 pm
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

Just wanted to confirm that you will be charged an early removal fee if your balance after your withdrawal is less than your transfer in amount "plus" the match. They totally botched the FAQ on this and also when I emailed them for clarification.
This can easily be tested by going through a mock withdrawal, before the final submit option it will state the removal fee you will be paying. This changes in real time as the market fluctuates.

I ended up withdrawing the match(about $5,600) on my Roth transfer and was charged $85 fee.
by theplayer11
Mon Jan 29, 2024 11:56 am
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

My current thinking is to do $500,000 to the Roth and take out the excess amount every year (assuming it grows) and bring it down to the $500,000 level again to maintain full sipc coverage. If this is wrong, someone let me know! You are required to leave the transferred amount plus the bonus in your account for 5 years, so you need to transfer no more than 97% of 500k if you want to transfer out without going over 500k. I emailed about this and the reply stated: The match amount could be withdrawn if that amount is above and beyond the contribution base amount that earned match. The terms and conditions language is more in line with what you posted with "plus" the bonus, but rep stated he talked to the lead on retirement team and...
by theplayer11
Sun Jan 28, 2024 12:25 pm
Forum: Personal Consumer Issues
Topic: Are there any reliable refrigirators with water dispenser on door?
Replies: 58
Views: 4707

Re: Are there any reliable refrigirators with water dispenser on door?

no dispenser on the front is such a cleaner look. Open door and dispense water, no biggie.
by theplayer11
Fri Jan 26, 2024 9:03 am
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

TIRA and Roth were transferred with the 3% match last night, started the transfer this past Saturday.
Very simple process.
by theplayer11
Thu Jan 25, 2024 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Washington Post: "That 'free' annual checkup might cost you"
Replies: 112
Views: 11774

Re: Washington Post: "That 'free' annual checkup might cost you"

The other problem is that patients usually don't have any idea what tests and interventions are actually evidence based. "I want all the usual labs" Well actually you only need your cholesterol checked every 5 years. Maybe we'll do a quick blood sugar. But patients want tests, because they can't understand that there is a downside to doing more tests. The "Annual Wellness Visit" that medicare made up is completely evidence based. Those 15 questions have been "proven" to improve your health. You know what hasn't been proven to help anything? A yearly physical. If you bring your car in for an oil change, and ask about a noise it is making, you pay more to have that looked at. If you go to a doctor for a physical...
by theplayer11
Thu Jan 25, 2024 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Washington Post: "That 'free' annual checkup might cost you"
Replies: 112
Views: 11774

Re: Washington Post: "That 'free' annual checkup might cost you"

The other problem is that patients usually don't have any idea what tests and interventions are actually evidence based. "I want all the usual labs" Well actually you only need your cholesterol checked every 5 years. Maybe we'll do a quick blood sugar. But patients want tests, because they can't understand that there is a downside to doing more tests. The "Annual Wellness Visit" that medicare made up is completely evidence based. Those 15 questions have been "proven" to improve your health. You know what hasn't been proven to help anything? A yearly physical. If you bring your car in for an oil change, and ask about a noise it is making, you pay more to have that looked at. If you go to a doctor for a physical...
by theplayer11
Thu Jan 25, 2024 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Washington Post: "That 'free' annual checkup might cost you"
Replies: 112
Views: 11774

Re: Washington Post: "That 'free' annual checkup might cost you"

It's hard to imagine our healthcare system is at a stage where people going in for the annual check up(many who maybe only go once a year) can't/won't asks questions about their problems/concerns because they will be charged more. That's just ridiculous. It's an annual check up [Unnecessary comment removed by moderator oldcomputerguy].
As long as the visit within the time allotted, there should be no reason for any DR to code/bill more. This stuff makes my blood boil.
by theplayer11
Thu Jan 25, 2024 5:35 pm
Forum: Personal Consumer Issues
Topic: Rome - Florence - Venice
Replies: 49
Views: 3795

Re: Rome - Florence - Venice

So many people seem to try to see too many places in too short of time on vacations. Part of me gets it, you might not ever get back to Italy and want to see as many cities as you can, but IMO, that's no way to vacation. Rome-Florence-Venice should not be done in a week. You would barely be getting your feet wet in one place and it will be time to move on.
by theplayer11
Thu Jan 25, 2024 4:08 pm
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

Opened a new RH account and initiated a partial transfer from Schwab yesterday. Initial transfer amount is about $380K and will do another transfer next month to complete $500K. Got a call from Schwab today and they asked what they can do to keep my business. I told them about RH promo and they said they will check with their promo department and get back to me. Later today, they called me and offered $1000 bonus if I agree to keep my assets with Schwab for 12 months. I declined and asked them to proceed with the transfer. I'll be getting $15K for my $500K transfer so $1K was no where near acceptable. I would've considered staying with Schwab if they offered anything above $5K but I kind of knew they would not. LOL, day after I transferred...
by theplayer11
Thu Jan 25, 2024 3:42 pm
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

Opened a new RH account and initiated a partial transfer from Schwab yesterday. Initial transfer amount is about $380K and will do another transfer next month to complete $500K. Got a call from Schwab today and they asked what they can do to keep my business. I told them about RH promo and they said they will check with their promo department and get back to me. Later today, they called me and offered $1000 bonus if I agree to keep my assets with Schwab for 12 months. I declined and asked them to proceed with the transfer. I'll be getting $15K for my $500K transfer so $1K was no where near acceptable. I would've considered staying with Schwab if they offered anything above $5K but I kind of knew they would not. LOL, day after I transferred...
by theplayer11
Wed Jan 24, 2024 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: S Corp.Health Insurance and Turbo Tax
Replies: 6
Views: 560

Re: S Corp.Health Insurance and Turbo Tax

Freetaxusa handles this easily...just saying
by theplayer11
Tue Jan 23, 2024 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Kids of wealthy parents, do they work?
Replies: 69
Views: 4740

Re: Kids of wealthy parents, do they work?

well, how do teenagers get money for gas, going out, ect? They work..unless their mommy and daddy think for some reason it is ok to give them hand outs. From my experience, great work ethics start early. Parents should be instilling this from the start, no matter how wealthy they are. JMHO
by theplayer11
Tue Jan 23, 2024 12:08 pm
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

aristotelian wrote: Tue Jan 23, 2024 11:57 am I just opened an account to try this and got $169 worth of BRK stock. This really seems too good to be true!
99% get $5.00, you won the lottery
by theplayer11
Tue Jan 23, 2024 8:43 am
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: Robinhood 3% IRA Match

In regards to an early withdrawal. The FAQ and terms and conditions have different wording. The terms state: The IRA Match Early Removal Fee may not apply if a customer’s IRA balance has risen by an amount greater than their net IRA contributions plus any Match that they have received. chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://cdn.robinhood.com/assets/robinhood/legal/match.pdf "plus any match" is the key phrase here. For example, the above would mean if you transferred in $100k, received a $3k match, now have $103k in your account. To avoid the early removal fee, you couldn't have you balance be below $103k after any withdrawal. FAQ: If you withdraw money earlier than 5 years, and your remaining IRA balance stays...
by theplayer11
Mon Jan 22, 2024 1:31 pm
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: 3% IRA transfer bonus at Robinhood: Worth it?

:arrow: Why are BH posters concerned that Robinhood is a fraud? Is it just groupthink? It's been bizarre reading through this thread. I'm not sure what Robinhood has done to deserve this level of, seemingly unfounded unless I'm missing something , conjecture. Especially given how most bogleheads will use these accounts. What you may be missing is that Robinhood was already cited for securities fraud. They were stealing from their customers and lying about it on their web site. I find it astonishing that when Robinhood tells you exactly who they are, that they are crooks and will steal your money any way they can, that people blithely go on and say no big deal. They interviewed some of the Bernie Madoff customers and a lot of them said that...
by theplayer11
Mon Jan 22, 2024 10:36 am
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: 3% IRA transfer bonus at Robinhood: Worth it?

Someone who has done it, is it easy to add tod/beneficiary to RH accounts? Can you do it online or is there a form? I would really like to know as well before I pull the plug. Can you do it online, and can you have wife as primary, and kids as secondary beneficiaries? And if the answer is no, how exactly does it work? Thank you! Poking around their website, it looks to me like you can only have primary beneficiary/beneficiaries, and you cannot designate percentage among them, Robinhood will decide for you. At least that's how I understand their language: https://robinhood.com/us/en/support/articles/beneficiaries/ Can I adjust beneficiaries’ allocations? Not yet. Your assets will be split evenly across your named beneficiaries to the extent...
by theplayer11
Sun Jan 21, 2024 9:39 pm
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: 3% IRA transfer bonus at Robinhood: Worth it?

nalor511 wrote: Sun Jan 21, 2024 9:38 pm
theplayer11 wrote: Sun Jan 21, 2024 9:34 pm
placeholder wrote: Sun Jan 21, 2024 9:28 pm
er999 wrote: Sun Jan 21, 2024 8:06 pm Also I’m trying to avoid complexity and extra hassle, but it’s likely a return of hundreds of dollars per several hour effort spent on it (obviously exact amount depends on the balance).
For most people it will be thousands of dollars for less than an hour of effort and I'm not at all sure why you think you would spend several hours on it.
I set up an account and initiated a transfer in under 1/2 hour, probably less. If market goes up, I'm pulling the match of $15k for a project I need done. If I don't pull, it's just a free $15k in an IRA invested in VTI.
Did anyone open an account successfully with frozen credit, or did you have to unfreeze?
did not unfreeze, all 3 frozen
by theplayer11
Sun Jan 21, 2024 9:34 pm
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: 3% IRA transfer bonus at Robinhood: Worth it?

placeholder wrote: Sun Jan 21, 2024 9:28 pm
er999 wrote: Sun Jan 21, 2024 8:06 pm Also I’m trying to avoid complexity and extra hassle, but it’s likely a return of hundreds of dollars per several hour effort spent on it (obviously exact amount depends on the balance).
For most people it will be thousands of dollars for less than an hour of effort and I'm not at all sure why you think you would spend several hours on it.
I set up an account and initiated a transfer in under 1/2 hour, probably less. If market goes up, I'm pulling the match of $15k for a project I need done. If I don't pull, it's just a free $15k in an IRA invested in VTI.
by theplayer11
Sun Jan 21, 2024 4:23 pm
Forum: Investing - Theory, News & General
Topic: Robinhood 3% IRA Match
Replies: 1459
Views: 110245

Re: 3% IRA transfer bonus at Robinhood: Worth it?

runr wrote: Sun Jan 21, 2024 4:06 pm I read the FAQ already, so if I transfer in funds to tIRA and rIRA, and get the bonus in each account, do they offer rIRA conversions, if so will that cause a claw back of the tIRA bonus if do a conversion this year?

Is there a fee to simple close the IRA years later (not ACATS)?
from terms:
In the event that a customer deposits to a Traditional IRA and subsequently converts to a Roth IRA, the Robinhood Gold Cancellation IRA Match Removal Fee would apply to the customer’s Traditional IRA.