I want to take my Roth funds and use them to make payments to buy my sales territory and start my own company. I would pay myself a reasonable salary and put the profits back into my Roth IRA. I would then only have to pay taxes on my salary and my profits would be tax free. right?


When I called my brokerage firm they treated it like I was borrowing from my account and told me that any withfrawal would have to be paid back in 60 or 90 days.


If I do this, is my company considered to be a not for profit firm?

Thanks

You cannot use your Roth IRA money to set yourself up in business. It's a prohibited transaction and will destroy your Roth IRA.