How do I pay my monthly compliance fee?

Normally we charge your credit or debit card at Rocket Dollar to not affect your retirement account balance.

Can I pay my fees for my IRA? isn't that a prohibited transaction?

IRA fees have long been payable by the person, or the retirement account balance itself. You can only pay for fees advice to help run the IRA though, not the investments themselves. 

You can read over IRS publication 590 on page 10. https://www.irs.gov/pub/irs-pdf/p590a.pdf

Some Financial fees no longer receive a tax deduction.

Can I pay for my $360 or $600 with my account balance?

No, sorry, not at this time. We are looking for an easier way to pay like this, but at this time, the money you roll over ends up at our partner bank. There are also upfront costs we have to take care of when creating an account.

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