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Schwab Investor Reward Terms and Conditions
This offer is valid 1/5/15 through 2/27/15 for clients who make a qualifying net deposit into a retail brokerage account within 45 days of enrollment in the offer. Clients may only enroll in one Schwab Investor Reward offer per rolling 12-month period. Net deposits are assets deposited into the account minus assets withdrawn from the account and transferred out of Schwab. Only outside assets new to Schwab qualify; assets transferred from affiliates other than Schwab Retirement Plan Services, Inc. and Schwab Retirement Plan Services Company are excluded. Net deposits will be calculated as of the 45th day after enrollment and the cash bonus will be credited to the enrolled account within approximately one week. For taxable accounts, excluding accounts pledged to Charles Schwab Bank, you must maintain the net deposit amount (less any market losses) at Schwab for at least one year or Schwab may charge back the cash bonus.
The offer does not apply to accounts managed by independent investment advisors, the Schwab Global Account™, ERISA-covered retirement plans, certain tax-qualified retirement plans and accounts, or education savings accounts. The cash bonus, when combined with the value received from all other offers in the last 12 months, may not exceed $5,000 per household, as defined in the Charles Schwab Pricing Guide for Individual Investors. The offer is not transferable, saleable, or valid in conjunction with certain other offers and is available to U.S. residents only. Employees, contractors, or persons similarly associated with Schwab or a Schwab affiliate; or their spouses; and employees of any securities regulatory organization or exchange are not eligible. Schwab may modify or withdraw the offer at any time without notice and may decline requests to enroll in the offer at its discretion. Other restrictions may apply.
Consult with your tax advisor about the appropriate tax treatment for this offer and any tax implications associated with receipt of the cash bonus before enrolling in the offer. Recent IRS guidance may impact your ability to make more than one IRA to IRA rollover in a one-year period. Any related taxes are your responsibility. For taxable accounts, the value of all Schwab offers received will be reported as Other Income on your Form 1099-MISC if, when combined with Other Income earned, the value totals $600 or more during the calendar year.
A rollover of retirement plan assets to an IRA is not your only option. Carefully consider all of your available options, which may include but not be limited to keeping your assets in your former employer's plan; rolling over assets to a new employer's plan; or taking a cash distribution (taxes and possible withdrawal penalties may apply). Prior to a decision, be sure to understand the benefits and limitations of your available options and consider factors such as differences in investment-related expenses, plan or account fees, available investment options, distribution options, legal and creditor protections, the availability of loan provisions, tax treatment, and other concerns specific to your individual circumstances. Learn more about your rollover options at www.schwab.com/rolloveroptions.
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