@AndySoCal wrote:
@markbeiser There is an annual IRA fee of $50.00. If I am reading the fee schedule right there is $4.95 ETF trade transaction fee per trade. Both of those fees I do not pay now.
For the extra two percent in cash back would have of be greater than the $50.00 to break even .
Just thought of this let's say you brought accross 100000 to usb wealth. The funds were invested in ETF funds. The market has a down year. Do you get the 4 percent or less due the current market value?
Probably meant for me but that's OK!
Again: if you bring $250K, the fee is probably waived. I wasn't planning to trade but the first 100 a year a free anyway.
On the market down question, that's a good question that often arises with stock thresholds and can vary from broker to broker. I can't remember the verbiage here too well, do they evaluate each month or over a longer period. My guess is that they just look at current value and if it is below the threshold, too bad, you go down a tier (and no chance to whine "But I brought over $100K" ) And some very good years might push you into the next tier.
But yes, there is some risk beyond straigt nerfing: the market can go down (bad) and then you lose the added % (bad). But the floor is 2% which isn't all that terrible.
