DRIPs -- Dividend reinvestment plans Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : DRIPs -- Dividend reinvestment plans

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Martin Wormser who wrote (136)	1/23/1997 1:48:00 AM
From: Rick Kunz	of 263

> They might not allow a stock in the DRIP plan which is in an IRA, though. That's where DRIPs can be a little more problematic. You can have DRIP-IRAs but they usually have to be set up for each equity, and it may cost a separate annual maintenance fee. Also, registering a share out of an IRA is going to be treated as a withdrawal, I think, and there will be tax consequences. Better to see what Schwab might charge for a purchase of one share registered out; perhaps they'll offer a reduced commission for a single share. Good luck! Rick

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next