"Best" does not mean "only". I'm not sure what you mean about the IRA. Is it a SIMPLE or SEP?Mrxyz wrote:So I should transfer my Roth IRA for the bonus and not my taxable accounts? Right now, I do not have that much money in Roth, and regular IRA is from work which is with TIAACREF, and cannot be 'transferred' out.
Yes. Or transfer to a different custodian and get another bonus. I use ETFs, so I can move about freely.Mrxyz wrote:So I can use my taxable money to earn this bonus? Transfer the money from Vanguard to Merrill Edge, get the bonus after xyz months, and then transfer back?
The number of custodians offering bonuses is lower these days, and will be further reduced when Scottrade merges with TD Ameritrade in a few months. Whether that's a lull or a trend towards phasing out of the bonuses due to the price war in commissions remains to be seen. So get them now while they certainly are available.
Edit: As we are starting a bit to get into transfer bonuses versus the specifics of Preferred Rewards, you might want to post a message on this thread:
You can describe what accounts/amounts you have available for transfer for some advice.