Pricing, Products, and Refund Policy
CARES Act and Coronavirus Stimulus Retirement Changes
FAQs and the Benefits of Self-Directing Retirement Accounts
Rocket Dollar Crowdfunding Campaign on Republic
Investing and Alternative Asset Classes
Self-Directed IRA (Traditional, Roth, or Beneficiary)
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
- IRS-Related Questions
- Rolling Over/Transferring Old Accounts
- Solo 401(k) Traditional Contributions
- Solo 401(k) Roth Contributions
- Solo 401(k) Loans
- Uncommon Questions
Self-Directing Retirement Compliance and Self Care
Partnering with Rocket Dollar
Fundraising with Rocket Dollar
Specific State Rules
Privacy, Security, Identity, and Fraud
What happens to my investments and money if Rocket Dollar goes out of business?
You will be able to transfer your Self-Directed IRA or Self-Directed Solo 401(k) account to a new provider.
If Rocket Dollar goes out of business, you can go to another Self-Directed IRA custodian and transfer your IRA to the new custodian. Your funds are held in a business banking account at the bank you selected when you established your Self-Directed IRA with Rocket Dollar. Your IRA LLC would have to be rolled over in kind to another provider. You are still the manager of this LLC.
Once Rocket Dollar pulls your retirement funds roll over into your LLC bank account, Rocket Dollar does not take any move-money authority over your funds. All cash is held in your LLC checking FDIC bank account at our partner bank.
Self-Directed Solo 401(k)
If Rocket Dollar goes out of business, you can go to another Self-Directed Solo 401(k) provider and obtain a new plan document to keep your plan compliant. Your funds and investment will be held at the bank you selected when you established your plan with Rocket Dollar. Your Solo 401K document is still a living document, and the retirement plan, not Rocket Dollar still has custody of your investments. You would still be the trustee of the plan. This document can serve you in the short term before you find another provider to help you maintain compliance.
Once Rocket Dollar pulls your retirement funds roll over into your retirement trust bank account(s), Rocket Dollar does not take any move-money authority over your funds. All cash is held in trust FDIC insured bank accounts at our partner bank.
What about my cash deposits for my accounts?
Your Rocket Dollar cash deposits are held at our partner bank in an FDIC-insured account. You can read more about it in our article here.