The Verdict
Rocket Dollar is our top pick for checkbook control SDIRAs. Their flat $15/month fee beats transaction-based pricing for active investors, and the platform makes alternative investing accessible.
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Rocket Dollar at a Glance
Founded
2018
Silver Plan
$15/month
Gold Plan
$30/month
Checkbook Control
Yes (both plans)
BBB Rating
A
Account Minimum
$0
What is Rocket Dollar?
Rocket Dollar is a Self-Directed IRA custodian that specializes in checkbook control accounts. Founded in 2018 and based in Austin, Texas, they've made alternative investing accessible with simple, transparent pricing.
Unlike traditional SDIRA custodians that charge per-transaction fees, Rocket Dollar uses a flat monthly subscription model. This makes them particularly attractive for active investors who make multiple investments per year.
Pros & Cons
The Good
- Simple flat-fee pricing ($15 or $30/month)
- True checkbook control on all plans
- No per-transaction fees
- Supports virtually any alternative investment
- User-friendly platform and mobile app
The Bad
- Monthly fee adds up if account is inactive
- Gold plan required for some features
- Less hand-holding than full-service custodians
- Relatively new company (founded 2018)
Rocket Dollar Pricing
Rocket Dollar offers two plans, both with checkbook control:
| Feature | Silver ($15/mo) | Gold ($30/mo) |
|---|---|---|
| Checkbook Control | ||
| LLC Formation | ||
| One-Time Setup Fee | $360 | $0 |
| Priority Support | No | |
| Tax Filing Support | No | |
| Unlimited Sub-LLCs | No |
Which plan should you choose? The Silver plan ($15/month + $360 setup) is best for most investors. The Gold plan ($30/month, no setup fee) makes sense if you want priority support, plan to use multiple LLCs, or prefer to avoid the upfront cost.
What Can You Invest In?
Rocket Dollar supports virtually any IRS-allowed alternative investment:
Rocket Dollar vs Competitors
| Feature | Rocket Dollar | Equity Trust | Entrust |
|---|---|---|---|
| Pricing Model | Flat monthly | Per-transaction | Per-transaction |
| Checkbook Control | Optional (extra) | No | |
| Best For | Active investors | Occasional investors | Real estate focus |
Who Should Use Rocket Dollar?
- Real estate investors who need to close deals quickly
- Active alternative investors making multiple investments yearly
- DIY investors comfortable managing their own compliance
- Cost-conscious investors who prefer predictable monthly fees
Who Should NOT Use Rocket Dollar?
- Passive investors making 1-2 investments per year (per-transaction might be cheaper)
- Those wanting hand-holding — Rocket Dollar is more DIY
- Crypto-only investors — iTrustCapital or Alto IRA are better for pure crypto
Final Verdict
Rocket Dollar is the best choice for investors who want checkbook control at a predictable price. The $15/month Silver plan is hard to beat for active alternative investors, especially those focused on real estate.
Rating: 4.6/5
Frequently Asked Questions
Is Rocket Dollar legit?
Yes, Rocket Dollar is a legitimate SDIRA custodian with an A rating from the BBB. They've been operating since 2018 and are based in Austin, Texas.
How long does it take to open a Rocket Dollar account?
Account setup typically takes 1-2 weeks. This includes forming your LLC, setting up the bank account, and completing the custodial paperwork.
Can I rollover my 401(k) to Rocket Dollar?
Yes, you can rollover funds from a 401(k), Traditional IRA, Roth IRA, 403(b), or other qualified retirement accounts into a Rocket Dollar SDIRA.
Does Rocket Dollar support Roth IRAs?
Yes, Rocket Dollar supports both Traditional and Roth Self-Directed IRAs with checkbook control.
Ready to Get Started?
Open your Rocket Dollar self-directed IRA and take control of your retirement investments.
Open Rocket Dollar Account$15/month • Checkbook control • No per-transaction fees