Rocket Dollar makes it easy to unlock retirement savings. No longer trapped in traditional mutual funds, these savings can be used to fund a startup, provide a small business loan, facilitate peer-to-peer lending, buy real-estate, and invest in cryptocurrency.
A self-directed IRA from Rocket Dollar allows clients to easily and quickly invest.
Signing up with Rocket Dollar only takes a few minutes and after filling out the online form, the company begins setting up your IRA. After completing all the necessary sets and filling out all the paperwork, you have complete control over your retirement funds.
Generally, the entire process takes about two to four weeks from zero to funded.
Rocket Dollar's Core 401(k) or IRA is just $15 per month with a one-time setup fee of $360. This plan includes the following features:
The Gold plan is $30 per month with a one-time setup fee of $600. This plan includes all the same features as the Core plan but also consists of the following:
As stated, Rocket Dollar Gold account openings and transfers are all expedited. Self-directed IRAs are to be opened and funded in 15 calendar days. Self-directed Solo 401(k)s can be opened and funded in 15 calendar days.
To help make the self-directed retirement industry more accessible Rocket Dollar ensures that its clients don't have to worry about new investment fees, extra annual account fees, AUM fees, account closure fees, promissory note fees, late fees, invoice fees, foreign asset fees, asset sale fees, or distribution request fees.
Rocket Dollar does not require clients to pay a cancellation fee. Rocket Dollar states, "There are no account closing fees at Rocket Dollar. We will simply deactivate your account. Your charge for an upcoming month happens on the first of the month, and it will be the last fee charged unless you reactivate your account."
Smaller investors may be off-put by Rocket Dollar's upfront fee of either $300 or $600. This upfront cost, in conjunction with the monthly payment, is more expensive than some of its competitors.
Unfortunately, there is no mobile app for Rocket Dollar. While this may not bother some users, others prefer the convenience of an app to look up their account details, ask questions, and contact customer support.