What happens if I leave Rocket Dollar or stop paying?

  • Created

If you stop paying your subscription fees, Rocket Dollar will not be able to renew your IRA LLC. We also will not be able to maintain our pricing relationship with our partner custodian or partner bank. Your account will be terminated and could be at risk of a taxable distribution.

Our monthly fee goes to the renewal of your IRA LLC, and we have a special relationship with our partner bank. Together, we will terminate both accounts. We will still cooperate with you to roll your IRA over to any other provider. Keep in mind rolling over cash is much easier to roll over than an asset in-kind.

What if I cancel my account?

You cancel your account by contacting our support team. Login to app.rocketdollar.com/login and you can review more at this article.

If you are leaving with an IRA LLC or Solo 401(k) that could take extra compliance to maintain, you will have to sign a waiver to be sure that you understand all compliance risks that fall on you or your new provider. After signing this form, Rocket Dollar will not take responsibility for IRA LLC or Solo 401(k) compliance issues. 

What if I need Rocket Dollar to surrender as a Registered Agent to another provider?

Rocket Dollar will bill one more cycle to make sure to cover registered agent fees. 


Was this article helpful?

0 out of 0 found this helpful



Please sign in to leave a comment.