California Residents with a Self-Directed IRA... how should I structure it and what are the fees and pricing?

California residents can choose a Self-Directed IRA with or without a LLC. If you want to forego an LLC, you can contact us to direct hold your asset. A Self-Directed Solo 401(k) at Rocket Dollar uses a trust to avoid CA LLC costs.

California residents can contact Rocket Dollar for a custodial Self-Directed IRA without an LLC. You can hold one asset for $360 to sign up and $15 per month.

If you are just investing in one asset, you can enjoy the same pricing all Rocket Dollar Customers enjoy. $360 to sign up, and $15 per month. Please contact our sales team if you aren't sure which structure works for you. 1-855-762-5383 Opt 2. This structure could have additional requirements for deal approval, and forgo the benefits of an LLC, but avoids high LLC fees from the California state government. 

What does this structure look like?

 

California Flow-1

Pricing for more than one asset...

  • Setup for each non-real estate asset: $100
  • Setup for each additional real estate asset: $350
  • The annual maintenance fee for each additional asset (real estate or not): $150

I'm ready to get started... What next?

  1. Sign up for a Rocket Dollar IRA at rocketdollar.com/signup
  2. Send an email to the support@rocketdollar.com stating you would like a California IRA without an LLC 

California residents can decide to open their IRA with an LLC but should be aware of additional costs.

You can also review the advantages of having an LLC by clicking here.

California residents using an IRA with a California LLC have to pay the annual California Franchise Tax Board tax/fee.

If you use another state's LLC, you must register the other state's LLC as a foreign LLC, pay the California Foreign Registration fee, and pay the California Franchise Tax Board Fee.

If Rocket Dollar has to register a California LLC for you, you will incur additional fees.

Can I still purchase absolutely any asset?

Keep in mind that you will have to complete a deal review with our custody partner. Because our custody partner helps you hold the asset on their books, instead of your IRA LLC holding it, our partner can say no if they feel uncomfortable holding the asset or your situation fails the deal review. 

Currently, at this time, our California custody partner is not accepting deal reviews for Cryptocurrency and will not hold those investments. You would have to use our LLC product.

If you still want to purchase crypto, you can still do so in California but at this time must pay the $800 yearly franchise board tax fee and register the Colorado LLC that Rocket Dollar would open for you. We are continuing to work on solutions for Crypto Customers in California to make this more affordable and accessible. 

What about a Self-Directed Solo 401(k)?

A Self-Directed Solo 401(k) uses a trust, not an LLC, and thus the extra LLC considerations do not apply. California residents can enjoy the same $360 signup and $15 per month fee, with no new investment fees. This can be a great alternative if you qualify.

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