Self-Directed IRA

General Self Directed IRA Questions

• What is a beneficial owner?
• What are the inherited IRA distribution rules? Can I roll over a beneficiary IRA to a Rocket Dollar account?
• Why am I using an LLC within the Self-Directed IRA to hold my assets? Can I use Rocket Dollar's custodian?
• Should I register my Colorado LLC as a foreign entity?
• Is the Self-Directed IRA account with Rocket Dollar a Qualified Retirement Plan?
• What is a beneficiary? How do I name a beneficiary to my Self-Directed IRA account?
• If my home state is not Colorado, do I need to register the Colorado LLC as a foreign entity in my home state?

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Checkbook IRAs

• What is the step-by-step process to open a Checkbook IRA account?
• How can I set the name for my IRA Trust or LLC?

SEP IRA FAQs

• What is a Self-Directed SEP-IRA?
• Does Rocket Dollar offer an HSA or Coverdell Account?

Transfers, Rollovers, & Contributions

• How can I fund & transfer assets into my SDIRA account?
• Can I roll over a 403 (b) into a Self-Directed IRA or Solo 401(k)?
• How fast can I open and fund a Self-Directed IRA account with Rocket Dollar?
• Can I roll over my current employer 401(k) or 403(b) plan? What is an in-service rollover?
• I just finished signing up. When do I initiate a transfer for rollover?

Direct Custody IRAs

• What is the step-by-step process to open a Direct Custody IRA?
• What is a Direct Custody IRA?

Roth IRA Rules (Post-Tax)

• How do I execute a Roth conversion or Backdoor Roth at Rocket Dollar?
• What is the Roth IRA 5-year withdrawal rule?

Self-Directed IRA FAQs

• How does a Self-Directed Retirement IRA Account affect my taxes?
• Can I roll over my old IRA or other retirement accounts into my new Rocket Dollar Self-Directed IRA account?
• Direct Custody vs Checkbook IRA which is better for me?
• I own an alternative asset in another custodian in a Self-Directed IRA. Can I transfer this to my checkbook IRA account within my Rocket Dollar Self-Directed IRA?
• Who is a disqualified person to my Rocket Dollar Self-Directed IRA?
• How is the Self-Directed IRA with Checkbook Control structured?

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IRA Distributions

• What are the exceptions on penalties for early distributions/withdrawals?
• How are Pre-Tax Traditional Self-Directed IRA distributions taxed?

IRA Contributions & Eligibility

• How do I make a contribution to my Rocket Dollar IRA
• When are IRA contributions due for my Self-Directed Traditional or Roth IRA?
• What are the maximum contributions for a Self-Directed Traditional and Roth IRA?
• What are the eligibility requirements to open and contribute to a Self-Directed IRA account?