Get Direct Conversion Request - Scottrade

You must use cash or checks to fund your Roth IRA contribution for the year. The rationalization for this is the simple fact that the unrealized gains in the stocks in which you invested must be realized at some point in a non-qualified account.

Nielson rated Scottrade as the #1 online advertiser in 2008 by media weight. In 2009, the company launched a mobile app. In September 2017, the online brokerage division of the company was acquired by TD Ameritrade and the banking division was acquired by Toronto-Dominion Bank.

Effective January 1, 2010, you can convert a Traditional IRA to a Roth IRA regardless of your income level. Prior to 2010, individuals or couples with modified adjusted gross income in excess of $100,000 were ineligible to convert retirement savings to a Roth IRA.

Since 2010, all investors have been allowed to convert assets from a Traditional individual retirement account (IRA) to a Roth IRA. Because conversions are not subject to income restrictions, people at any income level can take advantage of the Roth's key benefit—tax-free qualified distributions.

What Did the TD Ameritrade-Scottrade Deal Mean for Customers? Scottrade brokerage accounts automatically transferred to TD Ameritrade as part of the transition process. It is now possible to compare the expanded TD Ameritrade to a popular discount broker like Charles Schwab.

Scottrade clients have moved to TD Ameritrade. Account conversion is now complete.

There is no minimum to open a new account; however, a $2,000 deposit is required to be considered for margin and certain options privileges, regardless of any promotional offer.