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| foxnstocks |
 Posted: Wed Mar 02, 2005 3:50 am Post subject: Getting Frequent Flyer Miles for opening new acct? |
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Investing Sr. Associate
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| Does anyone know of a financial institution who's offering any kind of bonus in miles or hotel points for opening a new IRA? Either Roth or traditional... |
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| trixiezzz |
| Posted: Wed Mar 02, 2005 2:15 pm Post subject: |
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Investing Manager
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| I have never heard of a financial entity that offers traditional frequent flyer/air miles. There are some that give a type of reward points (i.e. Purple Points) , but I don't think they can be used to buy miles with. |
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| foxnstocks |
| Posted: Thu Mar 03, 2005 4:25 am Post subject: |
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Investing Sr. Associate
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| There are many banks/stock trading brokerages that do offer miles. Check out www.flyertalk.com and there are links to some great sites that list the deals. I just can't seem to find any to open an IRA. Most are for money markets, checking accounts, brokerage accounts, mortgages, etc. |
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| noksagt |
| Posted: Sun Mar 13, 2005 12:45 pm Post subject: |
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Member of the Month! March
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| You probably can't find any because there aren't any. The IRS imposes strict restrictions on the rewards that can be granted on tax-advantaged accounts. Just pick the broker with fees which are as low as possible for the type of investments you make. |
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