Would there be any penalties for paying a company to start an e-commerce store for you and use your self-directed Roth IRA account to send and receive money. The company wants an upfront fee for creation , research, marketing, and then 30 percent for transactions that happen biweekly. I wouldn’t do anything except pay the company Biweekly. They would do the rest. Also, they usually do it through a credit card instead of an IRA Account. Can I or Should I set up a credit card in the Roth IRAs name and then pay it off when the bill comes out avoiding late fees and interest.
Thank you for the question. Answered it on today’s podcast. Please check it out on your favorite platform. Mark and Mat