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re: My DRIP(Cleco) is ending - what do?

Posted on 10/22/14 at 11:15 am to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37198 posts
Posted on 10/22/14 at 11:15 am to
First off, if you are being paid cash for all of your sales, you will have a capital gain or loss if these are not held in some kind of deferred account (IRA, 529, etc).

I would look into the LA START plan, there are some contribution limits.

529 plans tend to not have great investment options, and the fees can be a bit stiff. But you said you had a DRIP, which means you were paying taxes on the dividends anyways... so if you are comfortable with that, do you just want to go buy and hold something else?
Posted by AlxTgr
Kyre Banorg
Member since Oct 2003
81789 posts
Posted on 10/22/14 at 11:25 am to
quote:

First off, if you are being paid cash for all of your sales, you will have a capital gain or loss if these are not held in some kind of deferred account (IRA, 529, etc).

Right.

quote:

I would look into the LA START plan, there are some contribution limits.

Will do, thanks.

quote:

. But you said you had a DRIP, which means you were paying taxes on the dividends anyways... so if you are comfortable with that, do you just want to go buy and hold something else?

I may. Like another DRIP? How would I find a good one?
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