I gots me a question for all you investment wizards on FF.
Let's say I buy $5,000 of XYZ Co. stock that pays a 5% dividend ($250). I set that up as a DRIP and stick it in a Roth IRA. Does the dividend reinvestment count against my annual contribution limit?
Let's say I buy $5,000 of XYZ Co. stock that pays a 5% dividend ($250). I set that up as a DRIP and stick it in a Roth IRA. Does the dividend reinvestment count against my annual contribution limit?