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For those that have a Vanguard IRA:

Do they automatically reinvest dividends (even for partial shares)?

I looked all over their website and couldn't find anything.

Reason:

I'm looking for a new home for my former employers 401k. I make too much for the tax benifit of contributing to a traditional IRA, so all my 'new money' goes in to the Roth. Basically, I'm looking for a place to put the money (about 7k) and 'forget' about it.

Thus, I'm concerned about 'inactiviy' fees, etc. Any other suggestions would be helpful.

Thanks,

-Warthog
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