Each 401(k) or IRA has a one time $360 fee for account setup. This is the upfront cost. Then you will you’ll pay $15 per month for account administration and compliance, including the first month at checkout. We don’t charge a fee for assets under management (AUM) or add on fees for our new investments.
Good! Rocket Dollar wants to continue to make the Self-Directed retirement industry more accessible and your bill low and simple. We also don't want to nickle and dime our customers with new investment fees, extra annual account fees, AUM fees, account closure fees, promissory notes fees, late fees, invoice fees, foreign asset fees, asset sale fees, distribution request fees...
You will be selecting your own investments, which may have their own fees. These fees are set by the issuer, not Rocket Dollar. Rocket Dollar does not provide investments.
It is important for you or your personal financial advisor to research any investment opening, upkeep, or closing fees before making an investment decision.
Rocket Dollar works with preferred banking partners to get favorable and low fee arrangements for our customers and your self-directed IRA or Solo 401(k). Your LLC or trust bank account will help your account manage, fund, and hold investments. We will help you get setup with our preferred banking partner during the account fulfillment process, and prospective customers can also contact Rocket Dollar for any questions on our preferred banking partner. (1-855-762-5383 Option 2)
Typically, the most common bank fee our customers see are simple wire money transfer fees, which are the preferred transfer method for a variety of alternative investments or large transfers instead of the normally available ACH.
Expedited Service prioritizes your account fulfillment and costs $200 add on per account, due at signup.
Normal accounts can take from 2-4 weeks from payment to being fully funded from your transfers. For more on expedited service, click here.
The account setup fee includes the initial filing fee if you’re using an LLC inside a Rocket Dollar Self-Directed IRA or a trust inside a Rocket Dollar Self-Directed Solo 401(k). Your $15 per month maintenance fee will also cover the annual fee for the LLC or Trust. We use a Colorado LLC by default.
Those must be setup by you, the customer. Rocket Dollar does not currently offer any services to open additional LLCs . Your Colorado LLC acts as an "umbrella" LLC that that can become a 100% or partial owner in downstream LLCs. As you create LLCs to invest in, your Colorado LLC remains above these investments in your IRA.
For example. you create a real estate LLC in your IRA that deals with 3 properties, and your IRA becomes a 100% owner. This would not be commingled with your private placements, stocks, and bond investments, but your Colorado LLC is a 100% owner of all of these assets.
If you have any further questions about fees, please contact our sales team. We want to bring full transparency to the self-directed model. Contact us at 1-855-762-5383 option 2.