What types of retirement accounts can I open with Rocket Dollar?

We offer Self-Directed IRA and Self-Directed Solo 401(k) accounts, depending on the needs of each of our customers. Our Direct Custody IRAs requires custodian approval of investments, whereas Checkbook IRA accounts do not. 

 Rocket Dollar offers several account types, including...

• Rocket Dollar Self-Directed Traditional IRA (Direct Custody or Checkbook)
• Rocket Dollar Self-Directed Roth IRA (Direct Custody or Checkbook)
• Rocket Dollar Self-Directed Beneficiary/Inherited IRA (Direct Custody or Checkbook)
• Rocket Dollar Self-Directed SEP-IRA (Direct Custody or Checkbook)
• Rocket Dollar Self-Directed Solo 401(k)

Rocket Dollar IRAs have two different structures, which change how you enter investments. 

• Direct Custody IRAs require a deal review, so the custodian can sign off on investments before money goes out. This will cover a wide variety of alternative investments, but not all. 
• IRA Trusts have the ability to “Bring Your Own Deal” as they can invest in almost any investment allowed by the IRS in retirement accounts. These are sometimes referred to as Bank Control IRAs, Checkbook IRAs. Rocket Dollar creates an IRA, a Trust, and a Bank account for the customer, which provides both more flexibility and responsibility to the customer as the custodian does not complete a deal review.  

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