Tax

Potential loophole of cashing out MR into Schwab Roth IRA [DON’T]

One of the perks of Amex MR is the convenient way to cash out at 1.25 cents/point using Schwab Platinum card. Unfortunately, there have been rumors recently that Schwab will cancel this benefit in the near future. Seeking to exploit the last opporunity, frequentmiler blogger suggested to cash out MR into a Roth IRA, rather than a brokerage account. This action has…
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