In this Rocket Dollar review, I’ll be examining a unique investment platform that broadens the scope of retirement investing beyond traditional stocks and bonds. Rocket Dollar offers a way for investors to utilize retirement funds for a diverse array of investments, including real estate, physical precious metals, agriculture, or even startup shares. It opens the door to a world of investment opportunities that typically aren’t accessible through standard brokerage accounts.
Rocket Dollar is particularly known for simplifying the once complicated and costly process of setting up a Solo 401(k) or a Self-Directed IRA (SDIRA). With Rocket Dollar, setting up these accounts has become more straightforward and affordable, making it an attractive option for individuals looking to maximize their retirement investments. Whether you’re interested in traditional market investments or more unique, alternative assets, Rocket Dollar provides the tools and structure to make it happen.
For those focused on getting the best price on Rocket Dollar, it’s important to consider the value it provides in unlocking a wider range of investment options and the ease it brings to managing these more complex accounts. By allowing individuals to diversify their retirement portfolios with non-traditional assets, Rocket Dollar offers a distinct advantage for those seeking to expand their investment horizon and potentially increase their returns.
As you consider the possibilities of expanding your retirement investment strategy, Rocket Dollar presents an innovative solution to explore a world of investment opportunities typically reserved for more sophisticated investors. Ready to take control of your retirement savings and explore new investment frontiers? Rocket Dollar may be the tool to help you navigate this journey. Read on to decide for yourself.
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Getting the Best Price on Rocket Dollar
Rocket Dollar provides two main account options with specific pricing structures, each designed to cater to different investment preferences and needs. Understanding the costs involved is key to getting the best price on Rocket Dollar. Here’s a breakdown of their pricing:
- Silver Account: This is Rocket Dollar’s basic package. It has a one-time setup fee of $360 and a monthly fee of $15. With the Silver Account, you get a dashboard to track your investments, an LLC for IRA investments, online document storage, and email support. This plan allows you to bring your own deal or investment to the platform, even if it’s not something they typically offer. There’s no minimum opening deposit required, and transfer and rollover fees are $0.
- Gold Account: The Gold Account is a more advanced option with a $600 one-time setup fee and a $30 monthly fee. It includes all the features of the Silver Account plus priority support, faster transfer and account services, four free wire transfers per year, and additional services like tax filing and Roth IRA conversion guidance. The Gold Account also allows for the setup of a custom-named IRA LLC.
Benefits of Rocket Dollar
Now that you know about getting the best price on Rocket Dollar according to your investment needs, I will jump into the benefits and features it gives users. Here are the main features I feel you should be aware of:
- Self-Directed Retirement Investing: Rocket Dollar empowers investors with full control over their retirement funds, allowing them to invest in a wide array of assets far beyond the typical stocks and mutual funds. This might include real estate, precious metals, or even your own herd of cattle.
- IRA LLC: When you open an IRA with Rocket Dollar, you’re also establishing a new LLC and LLC bank account. This setup, where the IRA LLC legally holds your assets, is crucial for making the self-directed retirement account function smoothly and gives you legal protection and flexibility.
- Checkbook Control: Once your account is set up, Rocket Dollar provides “checkbook control,” meaning you can directly purchase assets using the LLC’s bank account. This feature is especially useful for quickly funding investments like real estate transactions, giving you the speed and agility needed in today’s markets.
- Flat Fee Structure: Rocket Dollar charges a flat monthly fee, providing transparent and predictable pricing without any sliding scale based on account size or other factors. This flat fee structure simplifies budgeting for account costs.
- Quick Setup: Setting up an account with Rocket Dollar is quick and straightforward, requiring about 10 minutes and no minimum deposit, making it accessible for a wide range of investors.
- Self-Directed IRAs: Offering Traditional, Roth, Rollover, and SEP IRAs, Rocket Dollar caters to a diverse range of retirement planning needs and strategies, including those looking for tax deductions now or tax-free withdrawals later. If you are interested in learning all the details about how this offering works, check out my Rocket Dollar self directed IRA
- Solo 401k Plan: Specifically designed for self-employed individuals without employees, the Solo 401k plan allows substantial contributions as both employer and employee, maximizing savings potential and offering significant tax benefits. If you want to really dig into the details of the Rocket Dollar solo 401k, click the link to explore.
- Comprehensive Support: Rocket Dollar assists with creating essential documents like EIN and plan papers and provides the infrastructure necessary for a Solo 401(k) trust account, simplifying the setup and maintenance process.
Investment Opportunities With Rocket Dollar
Of course, with Rocket Dollar, you can invest in traditional investment vehicles like stocks and bonds. The selling point for Rocket Dollar is the non-traditional investments you can put into your retirement accounts. Here is my breakdown of the investments allowed with Rocket Dollar:
- Metals: Invest in approved precious metals like gold, silver, palladium, and platinum, among others.
- Peer Lending: Engage in peer-to-peer lending opportunities, providing loans directly to individuals or small businesses.
- Commodities: Expand your portfolio by investing in various commodities.
- Startup and Business Loans: Provide funding to startups or businesses directly through loans or equity crowdfunding.
- Conventional and Private Equity Lending: Invest in private companies through equity lending or more traditional lending methods.
- Cryptocurrencies: Diversify into the digital currency space by investing in various cryptocurrencies.
- Real Estate Investments: Broaden your investment scope with real estate opportunities, including REITs or rental properties.
- Artwork and Collectibles: While certain collectibles are restricted, you can invest in certain types of artwork and other approved collectible assets.
- Certificates of Deposits (CDs): Include safer investment options like CDs in your retirement portfolio.
- Farmland: Consider investing in agricultural land as a long-term investment.
- Private Equity: Participate in private equity funds or direct investments into private companies.
- BYOD (Bring Your Own Deal): Rocket Dollar also allows for “Bring Your Own Deal,” enabling investors to include unlisted deals or private company offerings in their IRA or 401(k) accounts.
It’s important to note that while Rocket Dollar opens the door to a wide range of investment possibilities, there are certain restrictions imposed by the IRS on what IRA funds can be used for, including investments in life insurance, most collectibles, S-Corp stock, and certain other items. However, as long as the investment is for the purpose of growing your retirement savings and not for personal use, your options are extensive.
Final Thoughts
Rocket Dollar offers a unique and flexible approach to retirement investing, allowing individuals to diversify into a wide array of assets. With its options for traditional, alternative, and niche investments, alongside the ability to bring your own deal, Rocket Dollar provides an expansive platform for those looking to broaden their investment horizons.
For those considering this route, understanding the offerings and weighing them against the costs is crucial in getting the best price on Rocket Dollar. As you contemplate enhancing your retirement strategy with more diversified investments, Rocket Dollar stands as a solid option. Click Here to learn more and take the next step with Rocket Dollar.
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