Rocket Dollar Knowledge Base

    Does Rocket Dollar have direct access to the funds in my account?

    No, your dollars will be held at the custodian IRA Resources Trust, where you will approve any investment or rollover decisions.

    Rocket Dollar does not handle any of your monetary assets. With a Rocket Dollar Self-Directed Solo 401(k) you will open a trust account at a bank of your choosing. You will have control over your funds at all times. You will decide what investments to make and you can make the investments by writing a check, using a debit card, sending a wire, or an EFT.

    With a Rocket Dollar Self-Directed IRA you will make contributions and/or process a rollover from another plan to Rocket Dollar’s custody partner, IRA Resources Trust Company, and then you’ll open a business bank account at a bank of your choosing. The custody partner will then invest your funds into your LLC with a transfer of funds to the LLC’s business bank account. From there you will have control over your funds at all times.

    Rocket Dollar is not a financial or tax advisor. The knowledge base is educational but is not investment or tax advice. Please consult your own financial advisor, CPA, and IRS guidelines before making any investment or tax planning decisions.