Rocket Dollar is offering a $50 bonus discount for new members. With this alternative investment platform, you’re not restricted to making traditional investments – like mutual funds – with your retirement savings. Instead, this capital can be used towards funding a startup, buying real estate, investing in cryptocurrency and much more. Let’s get into all the nitty, gritty details below.
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Rocket Dollar $50 Sign Up Bonus
Get a $50 bonus discount on a Rocket Dollar Self-Directed IRA or Self-Directed Solo 401(k) Account when you enter the referral code MYLIFE during registration.
Rocket Dollar Features
Rocket Dollar is an investment company that helps others invest their retirement dollars in any asset class allowed by the IRS. That includes:
- Single family homes
- Commercial properties
- Multi-family homes
- Businesses
- Personal loans
- Precious metals
- Crowdfunded businesses
- Start-ups
- Stocks
- Mutual funds
- Land
- Livestock
- Certificates of Deposit
It’s important to note that Rocket Dollar is not a robo-advisor. Instead, the platform walks you through the process of setting up a self-directed retirement account, but it’s up to you to make your own investment decisions.
With Rocket Dollar, you can choose to open a Self-Directed IRA or a Self-Directed Solo 401(k). A Self-Directed IRA lets you enjoy checkbook control of your retirement savings, fast transactions (no wait for custodian approval), a wide array of investment options and tax advantages.
If you have self-employment income and you want to get the most out of your retirement savings, a Self-Directed Solo 401(k) is a solid option. It features unlimited investment options, high contribution limits (up to $64,000 annually) , big tax deductions, loan capability and loads of flexibility.
Rocket Dollar also offers premium service for both its IRA and Solo 401(k) accounts, known as Rocket Dollar Gold. Features include white glove customer service with priority support, courtesy wire transfers, yearly reporting assistance, along with an account checkbook and debit card.
| CORE | GOLD |
| $360 setup fee | $600 setup fee |
| $15/month | $30/month |
| No asset/transaction fees | $200/in-kind asset transfer |
Here’s how the Core and Gold service tiers compare:
CORE
- No minimum opening deposit
- An LLC to hold investments
- Investment management tools
- Online document storage
- Email support
GOLD
- All CORE features
- Expedited service and transfers
- 4 free yearly wire transfers
- An account checkbook
- An account debit card
- Custom-named LLC
- Priority support
- Tax filing for 1099-R and Form 5500
- Roth IRA conversion assistance
Bottom Line
Rocket Dollar is a relatively low-cost investment platform that helps you do something more creative with your retirement account. It’s an excellent option if you’re confident in your ability to manage your own retirement portfolio, and you want a little assistance with the admin aspect of your investments.
If you aren’t an active investor, and need help with investment decisions, consider a robo-advisor like Betterment or Wealthfront. More automated investing options here.
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Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.