Another Roth Question: This One Is About DRIPs

Dec 07, 2006 1 Replies

I think this may be a new subject around here on Roth IRA - how to open a Roth IRA with dividend reinvestment stocks. I recall reading about the idea (somewhere) but the article did not mention how this is done. I know you have to be the owner of record of the stock (or stocks). And I know some DRIP stocks allow follow-on purchases directly and not via a broker. But I can't find out how this gets done within the IRA.


Additionally, can this be done if I wanted to setup regular biweekly payroll deductions to buy additional stocks for the Roth IRA?



Thankyou to anyone who can explain or refer me to another discussion about this. Tom



Netstock allows you to invest in DRIPs, and would also allow account to be charactorized as a Roth IRA.

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