Security

‍What happens to my 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.

Self-Directed IRA

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. Once Rocket Dollar pulls your retirement funds rollover into your LLC bank account, Rocket Dollar does not take move-money authority over your funds. 

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. Once Rocket Dollar pulls your retirement funds rollover into your retirement trust bank account(s), Rocket Dollar does not take any move-money authority over your funds. 

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.