How To Use Your Rocket Dollar IRA To Invest On AngelList

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Click here for Solo 401(K) Instructions.

Rocket Dollar's Direct Custody SDIRA allows you to invest with AngelList's platform so that you can fund your investments in a tax-advantaged retirement account. 

To invest on AngelList, you need to be an accredited investor, and you need to have been approved to invest.

From AngelList.com follow the steps below: 

IRA LLC

Please allow 3-4 weeks lead time for establishing your IRA LLC account before investing with AngelList. The process for funding your AngelList investment is much faster once the account has been created, however, our IRA LLC does take at least 2 weeks to set up and can be as long as 4 weeks. 

  1. After you've selected your investment on AngelList, you'll be asked to choose your funding source. Here, you'll have the option to select an existing investment entity or create a new one. If this is your first time using your Rocket Dollar IRA select ‘Add another investing entity’ and click ‘A Firm or Company’ as the type of investing entity. The Colorado LLC is the primary entity you should pick when registering investments with an IRA LLC, as it helps hold by holding the title of IRA assets.

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  2. After you select ‘A Firm or Company’ as the investing entity, you will need to enter IRA LLC company name ‘JSMITH RD LLC" unless you have a custom named LLC. 

  3. Next, you’ll choose your accreditation status. 
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  4. Complete your individual details. The signatory must be a human individual.
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  5. Under 'Entity details', please list the TIN for Solera Bank: #84-4416888. The address is typically your home address or the address you listed at signup. 

  6. The Funding Method defaults to Wire. You can connect through Plaid. If you are under time constraints, Leave ‘Wire’ selected.
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  7. Select ‘Confirm and E-Sign for $XXXXX Investment’ once all boxes are checked for Closing Terms.

  8. At year's end, make sure to report on the Rocket Dollar investment tracker tab for your fair market value annual report. 

Direct Custody IRA

Please know that using a direct custody IRA can slow down the process of funding your AngelList deal, as the investment approval can be 3-5 business days. An IRA LLC is a much faster way of funding your AngelList investment, but it does take longer to setup. 

  1. After you've selected your investment on AngelList, you'll be asked to choose your funding source. Here, you'll have the option to select an existing investment entity or create a new one. If this is your first time using your Rocket Dollar IRA select ‘Add another investing entity’ and click ‘An IRA’ as the type of investing entity.

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  2. After you select ‘An IRA’ as the investing entity, you will need to enter the IRA investing entity name, which is ‘First_Name Last_name, Legal Owner Via Non-Trust Custodial IRA with AET.’ 

  3. Next, you’ll choose your accreditation status. 
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  4. Complete your individual details, and submit the personal details of the individual (if you are investing as an individual or through your IRA) or of the entity's signatory if you are investing through a trust, firm, or fund. The signatory must be a human individual.
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  5. Under 'IRA details', please list the TIN for AET: 20-8936642
    and address: American Estate and Trust, 6900 Westcliff Dr. #603, Las Vegas, NV 89145

  6. The Funding Method defaults to Wire. Leave ‘Wire’ selected.
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  7. Select ‘Confirm and E-Sign for $XXXXX Investment’ once all boxes are checked for Closing Terms.

  8. Once completed, please download your AngelList subscription documents and coordinate with Rocket Dollar support to load your documents through a secure Dropbox.

  9. Once your AngelList documents have been loaded, please allow 3-5 business days for our custodian's final deal approval. 

  10. Once the deal has been approved, you will be notified via email, and your funds will be released to your selected investment through a wire transaction.

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