Can I open a brokerage account and manage my publicly traded securities alongside my alternative investments?

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Yes. If you tie your Solo 401(k) account name or IRA LLC EIN to your brokerage account you will be able to manage investments in stocks, bonds, mutual/index funds, ETFs, and other publicly traded securities alongside alternative investments.

 

Where can I open a brokerage account with my Rocket Dollar IRA?

Our customers often use TD Ameritrade, as they have forms and a process specifically to make an IRA LLC trading account. You can look at the instructions here. 

 

In a Self-Directed Solo 401(k) with a trust or a Self-Directed IRA with an LLC, you can open a brokerage account in the name of the retirement trust and trade public securities. However, you cannot have a margin account. You'll need to use the EIN of the Self-Directed Solo 401(k) trust or your LLC in an IRA instead of your SSN when you set up a brokerage account.

There are other institutions specializing in these stocks and bonds asset classes; however, most will not allow you to hold both standard and alternative assets or have extremely limited alternative asset menus. Using a Rocket Dollar account will help you maximize your diversification across your entire retirement portfolio.

 

For a Self-Directed IRA/LLC, you should open a corporate/business/entity trading account.

IRA Flow Multiple Investments Diagram-2

For a Self-Directed Solo 401(k), you should open a trust trading account on behalf of your new Rocket Dollar Solo 401(k) Trust.

Solo 401(k) Brokerage Account Flow

Is there anything I can't do compared to a normal brokerage or IRA trading account?

You cannot short stocks. You can trade options, puts, and calls as long as they do not require a margin account. You can't trade naked puts and calls, as this strategy would require a margin account.

Extensions of credit are prohibited transactions. Here are some examples of prohibited transactions.

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