Rocket Dollar Knowledge Base

How do I open a Self-Directed IRA account? What is the step-by-step process?

Start here with Rocket Dollar and open your Self-Directed IRA today!

1. Sign up on Rocketdollar.com in just 5 minutes. We then start to create your account!

  • rocketdollar.com/signup
  • Answer "No" to Self-Employed Income to go down the sign-up path for the IRA.
  • Our team will then set up your IRA. In a couple of business days, you will receive an email with documents requiring your signature.

2. E-Sign Account Creation Documents

Once your account paperwork is completed, our fulfillment team will be in touch. You’ll be asked to e-sign your account creation documents. Your IRA will then be opened with our custody partner, and you’ll be able to fund your account.

3. Make a Transfer or Contribution Request

Fund your account by navigating to the transfer request module. You’ll be asked to upload an account statement and provide information regarding the account releasing funds. Once we have all necessary information, we’ll request the transfer, and your Rocket Dollar account will have money headed its way.

4. Open an LLC Bank Account

We work with a bank partner to provide LLC checking accounts. Our team will reach out to assist you with the process. The entire process is online, fast, and your Rocket Dollar account will be opened within 1 business day.

5. Funding Your LLC Bank Account

When your funds arrive in your new IRA from your previous custodian, we will prepare and send you paperwork to process the funding of the LLC bank account.

6. Invest!

Once your funds reach your new bank account you have the power of checkbook control over your retirement funds! In order to keep your account in compliance, please record transactions in the Investment Tracker.

Not sure what you want to invest in yet? You can also visit our Partners page. With an account from Rocket Dollar, you’ll have the power to pursue a nearly infinite number of investments.

How long will this take?

2-4 Weeks from zero to funded, from purchasing your Rocket Dollar account until you are deploying your dollars. This included the time to open your account, an LLC, and the biggest possible hold up, is waiting on your rollover retirement dollars to transfer over.

If you purchase "expedited" at checkout, we guarantee we can open your account and get it funded in 15 days. This will provide white glove assistance for transfers as well as prioritized one-on-one time to make sure your account fulfillment is free of issues.

 

See Our IRA Plan