Originated From
AOL Search

What is a section-703 IRA?

Liked this question? Tell your friends about it

Answers

Has to do with DRIP (dividend reinvestment plans ) There are companies that will let you direct purchase shares (thus, no commission) and they reinvest all dividends (buying additional shares with dividends ) Actually , great idea to get kids into investing etc . Great to do if you only have a minimal amount to invest .

Scottrade will allow you to pool your money and buy DRIP shares in stocks that you own at ZERO fees. You are not limited the way you are at TD-Ameritrade. Meaning at Ameritrade you can only invest your drip fund back (unless they have changed) into the same companies. At Scottrade you can Invest Your Drip funds from one company to another.

Related Questions

Other people asked questions on similar topics, check out the answers they received:

Asked: Finance for Business

I have been into business for the past two years and I am looking to expand it, right now I'm looking for some systematic funding. Which Finance company/bank can help me with this?

Asked: Do you know of a good bank that offers finance for ...

Do you know of a good bank that offers finance for working capital?

Asked: Walmart.com sendmoney I need to send money

walmart.com sendmoney I need to send money

Ask a Question... We'll forward it to people who know

More Questions

Is it normal for a c-section scar to itch and ...

Deep incisions and wounds of this nature take quite a long while to heal completely. Itching is normal. The burning, however, strikes me as a bit unusual. You might want to mention it to your doctor.

About ira

Since IRAs are the responsibilty of the state if his account goes too long without attention then the custodian will resign the account to the state. Ask the customer service person for the agent or department that handles abandoned accounts. Then find a good IRA advisor to help you determine how ...

Roth ira's

With a Roth IRA , contributions are made on an after tax basis . Unlike a traditional there are no tax benefits when you make these contributions. A Roth IRA shows its benefits when you begin to withdraw from it. Despite the fact that they provide no deductions for contributions, if you meet a ...