I have a question about my wife's savings plan and the recent change to pay out dividends. My wife previously worked for Johnson and Johnson which had a savings plan that invested in J&J stock. She has since left the company but we left the money in the savings plan thinking it was a good way to invest and save money. Recently we received a letter from J&J stating that dividends would now be paid out in a cash payment rather than reinvested in stock. What are our options. The company states the change is to improve productivity and cost-efficiency. We would rather put the money back into stock and not pay taxes on the cash payment.Just wondering?
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