Many of our customers are trying to meet investment deadlines and deal closings. That dream rental property might be available, but could slip away soon. Expedited service will help you breathe easy.
From zero to funded, non-expedited IRAs can take 2-4 weeks. We have to open your account and LLC, and also wait for a transfer from your current custodian.
From zero to funded, non-expedited 401(k)s can take 2-4 weeks. We can open a 401(k) quickly, usually within 1-2 weeks, but must wait for a transfer from your current custodian. 401(k) transfers from some custodians can take a long time, and sometimes may be antiquated, requiring forms from your HR department or physical checks through snail mail.
Self-Directed IRAs can be opened in 15 days
Self-Directed Solo 401(k)s can be opened in 7 days
Waiting for transfers from other custodians is usually the longest part of the process. It can involve multiple rounds of paperwork and communication between you, your current custodian, and Rocket Dollar. Working through transfers is one of the most frustrating and antiquated parts of retirement, and we are working hard to improve this experience for you!
There are also three parts to every IRA: An IRA structure, an LLC, and an LLC bank account. For a Solo 401(k), there is a Solo 401(k) plan document, trust(s), and trust bank account. This structure helps you gain checkbook control over your retirement dollars. For more on the structure of an IRA account, you can learn here.
You can utilize our transfer tool from the Rocket Dollar Customer Dashboard if you have purchased an IRA product. We will continue to work on making Solo 401(k) transfers inside our customer dashboard well. 401(k) customers can email email@example.com.