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|Subject: Re: DRIP in a Roth?||Date: 1/8/2002 1:24 PM|
|Author: rkmacdonald||Number: 33166 of 78033|
Author: jrr7 Date: 1/7/02 5:56 PM Number: 33149
A traditional DRIP is administered by the company (or their registered agent). It's completely separate from another account.
Very few companies/agents are set up to allow for DRIP IRAs. Do note that you can find a list of them by searching at www.netstockdirect.com
There were 23 when I just searched.
You could set up a DRIP within an IRA, but the broker will probably charge more fees than it's worth.
FWIW, E*Trade at www.etrade.com offers free dividend reinvestment for up to 30 stocks owned in any account. I use this service in my IRA with them.
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