- Rocket Dollar Knowledge Base
- Self-Directing Retirement Compliance and Self Care
- Prohibited Transactions and Disqualified Persons
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Pricing, Products, and Refund Policy
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CARES Act and Coronavirus Stimulus Retirement Changes
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FAQs and the Benefits of Self-Directing Retirement Accounts
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Rocket Dollar Crowdfunding Campaign on Republic
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Support
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Investing and Alternative Asset Classes
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Self-Directed IRA (Traditional, Roth, or Beneficiary)
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Self-Directed Solo 401(k) (Traditional or Roth)
- Self-Directed Solo 401(k) FAQs
- Opening a Rocket Dollar Self-Directed Solo 401(k) Account
- Structure and Titling
- Contributions and Contribution Limits
- Eligibility
- IRS-Related Questions
- Rolling Over/Transferring Old Accounts
- Solo 401(k) Traditional Contributions
- Solo 401(k) Roth Contributions
- Solo 401(k) Loans
- Uncommon Questions
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Self-Directed SEP-IRA
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Self-Directing Retirement Compliance and Self Care
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Partnering with Rocket Dollar
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Fundraising with Rocket Dollar
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Specific State Rules
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Privacy, Security, Identity, and Fraud
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Investor Relations
What are some examples of prohibited transactions?
Someone bought stock in their IRA in their son's company, of which he owns 75%.
- A disqualified family member owns over 50% of this company.
My IRA loaned money to my daughter for her student loans.
- Your IRA is unable to transact directly with your daughter, a disqualified person.
My IRA bought a great vacation property, which we rent out for 75% of the year. My family enjoys a few vacation months when the property is free.
- You are not allowed to directly benefit or live in property that is owned by your IRA.
I bought a property through my IRA. I leased it to my spouse's rental management company, of which she owns 70% and other investors own the remaining 30%.
- If other investors owned 70% and your family owned 30%, you would be in the clear, but be careful of engaging in a self-dealing transaction related to how you and your wife manage the property.