How to Invest Using an IRA
You will find it challenging to find just the right companies with which to open your DRIP or DSP IRA. You won’t be able to use just any stock. You’ll need to commit to finding companies whose account administrators are willing to go the extra mile to manage a DRIP or DSP within an IRA—or you’ll need to find an independent IRA custodian.
An independent IRA custodian does not offer affiliated investment products and allows you to direct your retirement funds to be invested in any qualified investment that meets your requirements.
If you are committed to the idea of building an IRA through DRIPs or DSPs, you will find at least three options available:
• Self-administered IRAs
• DRIP- or DSP-sponsored ...