Recap: Charles Schwab To Buy TD Ameritrade? eBay Promo & More

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  • Okay, assuming the Schwab purchase of TDA is going through, will there be a period when I can do a fee-free full transfer out of TDA (because I don't want an account with Schwab)? Does anyone know if Schwab/TDA is required to set a period like this, and when it would be?

  • My coworkers (thankfully unaffiliated with "TD-Schwab") are saying RIP employees. As once Schwab buys you, your life will be misery and the only happy aspect is when you leave. Also lot of broken promises to employees/former owners on reinvestment in the business. Probably good for competitors though to steal top talent! and won't lie: Commission-free options trades (hopefully without horribly butchering/ridiculously inflating your 1099 "income" and taking literally months to fix it the way robinhood does) sounds pretty cool!

    • TD Ameritrade is one step ahead of you... they seem to have recently reduced their bonuses, e.g., only $300 instead of $500 for $100,000.