SDIRA custodians
Rocket Dollar
Rocket Dollar sets up self-directed retirement accounts, a self-directed IRA and a self-directed Solo 401(k), that can hold alternative assets. Account holders can invest in real estate, private equity, startups, crowdfunding, peer-to-peer loans, farmland, precious metals, and cryptocurrency, subject to IRS rules on prohibited transactions, which the account holder is responsible for following.
There are three tiers. The classic self-directed IRA runs every transaction through the custodian and suits one-time investments. The checkbook IRA adds an IRA trust with its own checking account so no custodian sign-off is needed on each transaction, the option the company points at private notes, limited partnerships, private stock, and self-custodied crypto. The Solo 401(k) adds a trust checking account, unlimited fee-free wire transfers, a loan option, and Roth and traditional in one account, for people with self-employment income.
Accounts are opened online, funded by contribution, transfer, or rollover from another custodian, and then used to invest. Rocket Dollar says setup takes under five minutes, while transfers can take from several business days to a few weeks depending on the prior custodian. The custodian of record is Digital Trust, which may charge its own transaction or asset-related fees on top of the subscription.
Pricing is published: $30 a month plus a $360 one-time setup fee for the classic IRA, $40 a month plus $600 for the checkbook IRA with trust, and $50 a month plus $900 for the Solo 401(k), with discounts on second and later accounts. Refunds can be requested within 10 days of payment. The company was founded in 2018 and states that it does not provide tax, legal, or investment advice.
Best for
Investors who want retirement money in syndications, private funds, notes, or direct real estate and are comfortable running the account themselves. Not for someone who wants advice or only holds public securities.
What they do
- Self-directed IRA accounts
- Checkbook-control IRA with trust
- Self-directed Solo 401(k)
- Rollovers and transfers from other custodians
- Custody through Digital Trust
- Educational guides and knowledge base
Details
| Attribute | Value |
|---|---|
| Founded | 2018 |
| How they charge | Classic self-directed IRA $30 a month plus a $360 setup fee; checkbook IRA with trust $40 a month plus $600; Solo 401(k) $50 a month plus $900. Custodian Digital Trust may charge separate fees. |
What stands out
- Founded in 2018; the site footer says made in Austin, Texas while the contact page lists a Las Vegas, Nevada address.
- Publishes its rates: $30, $40, or $50 a month by account type, plus a one-time setup fee of $360, $600, or $900.
- Digital Trust is the custodian of record and may charge separate transaction or asset fees.
- Discounts apply on a second account and increase again from the third account onward.
Common questions
- Are there fees beyond the monthly subscription?
- The subscription covers Rocket Dollar's own service, but the custodian, Digital Trust, may charge additional transaction or asset-related fees depending on investment activity. Those fees are not charged by Rocket Dollar and are set out in Digital Trust's own fee schedule.
- What is the refund policy?
- A refund can be requested by emailing support within 10 days of payment. Rocket Dollar refunds the full amount, less any hard cost fees it has already incurred.
- What account types does Rocket Dollar offer?
- A self-directed IRA and a self-directed Solo 401(k). Both let the account holder choose their own investments, and each is offered in more than one subscription tier.
- What can a self-directed account invest in?
- Alternative assets outside stocks, bonds, and mutual funds, including real estate, private equity, startups, crowdfunding, peer-to-peer loans, farmland, precious metals, and cryptocurrency, subject to IRS limits on prohibited transactions.