What is a Checkbook IRA?

Frequently Asked Questions

• Why Self-Directed?

  Whether collecting rent checks from rental properties or investing in the next big company, a Self-Directed IRA allows you to quickly and easily invest in the things you know will provide you the retirement you envision.

• Am I eligible to open and contribute to a Rocket Dollar Self-Directed IRA account?

  Anyone with US taxable income or an old retirement account can start a Traditional IRA or Roth IRA.

  To make new contributions to a new IRA, you must be younger than 70 and 1/2. Depending on your income and filing status, you're able to make a contribution to your IRA and the contribution may or may not be tax-deductible. If you have old IRA contributions, you can always open a new IRA and do a trustee to trustee transfer over to Rocket Dollar.

• How can I fund and transfer assets into my Rocker Dollar Self-Directed IRA account?

  Your Rocket Dollar Self-Directed IRA account can be funded via current taxable income and rollover from old IRA plans or retirement accounts. You must be a paid customer to start the process.

  Funding your Self-Directed IRA account can be accomplished in 3 different ways: Contribute to the Self-Directed IRA from your current taxable income, roll over your old employer 401(k) plan, or transfer an old IRA.

• Can I manage investments in multiple asset classes with a Self-Directed IRA?

  Yes. With the unique structure of a Rocket Dollar account, you can go into as many investments as you want with NO new investment fees.