Quick Follow up to the Roth IRA Drip Post
Posted on December 2nd, 2007 by mmj
Boy that was fast. Yesterday I reported that I found by accident that TD Ameritrade was has a new DRIP program and I sent an email to them stating the stocks I want to enroll in. Well, it took just several hours to get a response that my stocks were enrolled and that the next time these stocks have dividends, they will be reinvested in new stock.
I have always wanted to start DRIPs, but found the paper work to be too cumbersome, espicially with the tax implications. With a Roth IRA, all this is tax free and there are no forms to fill out. This is great!! Can’t wait to see my share grow over the long term.
Filed under: Finance and Investing
