u/b2damaxx

Anybody know if I can transfer assets from Acorns? It isn’t in the list of brokerages and I can’t find the DTC number anywhere.

SoFi is offering 2% match on IRAs transferred in. I am currently at Schwab. I am unable to contribute to a Roth anymore for the last few years due to my income. The match value must go into the same account that is being transferred. Can I still take advantage of this offer?

SoFi’s support article says:
“The match or bonus is treated as interest earned.
This does not impact contribution limits, but will be reportable on IRS Form 1099-INT, 1099-MISC, or Form 1042-S as applicable. The member is responsible for any applicable federal, state or local taxes associated with receiving the offer. If a member is charged an early withdrawal fee due to withdrawing funds that earned the bonus before the five (5) year Holding Period is complete, they will not receive an updated IRS Form 1099.”

To me this reads like it should be fine. I’ll get the bonus, pay taxes on said bonus only, and then it just is a part of my Roth IRA going forward.