Review Rocket Dollar Pros and Cons

Jeremy BiberdorfBy: Jeremy Biberdorf

October 29, 2023October 29, 2023

 Rocket Dollar Logo

Rocket Dollar is an innovative financial services company that has garnered attention for its self-directed retirement account offerings.

Established with the aim of breaking down traditional investment barriers, the company provides a platform for investors to diversify their retirement portfolios beyond the standard fare of stocks and bonds.

In a financial landscape that is rapidly evolving, the ability to have control over one’s retirement funds and the flexibility to venture into alternative investments is becoming increasingly crucial.

Rocket Dollar steps in by offering Self-Directed Individual Retirement Accounts (SDIRAs) and Solo 401(k)s, which are designed to provide investors with the freedom to explore a wide array of investment opportunities. This review expands more on what the platform has to offer.
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Pros and cons of Rocket Dollar


  • Diverse investment options
  • No minimum deposit
  • Transparent fee structure


  • Upfront fee
  • Account setup duration
  • Strict eligibility for Solo 401(k)

Investment Opportunities

Rocket Dollar stands out for its diverse alternative asset offerings. Investors can explore:

  • Real estate
  • Metals
  • Startup lending
  • Conventional lending
  • Peer-to-peer lending
  • Commodities
  • Cryptocurrency
  • Equity crowdfunding
  • Private equity lending.

This array of options is designed to hedge against inflation, reduce correlation with traditional markets, and expose investors to new, potentially lucrative opportunities.

However, these investments come with higher risks and complexity and may have lower liquidity compared to traditional investments​.

Customer Support and Legitimacy

Rocket Dollar is relatively new, and while it’s not listed by the Consumer Financial Protection Bureau (CFPB) or registered with the Better Business Bureau (BBB), it’s considered a legitimate investment firm.

The platform offers email support, and Gold Account holders get better support services. Additionally, a 30-day trial period is available for new members, with a full refund of the setup fee if unsatisfied​.

Various review platforms have rated Rocket Dollar’s features and services differently. For instance, on Moneywise, Rocket Dollar scored 3 out of 5 on fees and commissions, 3.5 on customer service, and 4.5 on investment opportunities​.

Investment Avenues with Rocket Dollar

When it comes to advancing your retirement savings, Rocket Dollar emerges as a competent ally, especially for those keen on diversifying their investment portfolio beyond the conventional.

The platform is tailored for those looking to delve into alternative assets such as cryptocurrencies, precious metals, real estate, and private equity, among others.

Setting up an account with Rocket Dollar is fairly straightforward, with no minimum deposit required to get started. However, there’s a one-time setup fee along with a monthly maintenance fee, the amount of which depends on the chosen plan:

The Silver plan

For starters, there’s the Silver plan. With a setup fee of $360 and a monthly charge of $15, this plan offers a unique feature where you can bring your investment deal to the table.

Essentially, you have the liberty to propose an alternative investment you wish to make, even if it’s not listed on their platform.

Besides this, the Silver plan encompasses an investment dashboard, email support, online document storage, and a waiver on transfer and rollover fees.

The Gold plan

On the other spectrum lies the Gold plan. With a slightly higher setup fee of $600 and a monthly charge of $30, this plan comes with all the offerings of the Silver plan, topped with some premium features.

These include priority support, expedited transfers and account services, complimentary wire transfers four times a year, tax filing assistance, and guidance on Roth IRA conversions. Moreover, you have the option to establish a custom-named IRA LLC under this plan.

Funding your account is versatile. You can utilize your taxable income, transfer funds from an external IRA, or roll over a 401(k).

For cryptocurrency enthusiasts, Rocket Dollar allows trading on any exchange that welcomes registration of your solo 401(k) or SDIRA. They have even laid out account registration guidelines for their partner exchanges like Gemini, Cboe Digital, and River Financial.

Solo 401(k)

For self-employed individuals, Rocket Dollar extends its Solo 401(k) plan. This plan permits an annual contribution of up to $61,000, or $67,500 if you’re aged 50 or above.

The platform doesn’t enumerate the investment choices for this plan but states you can invest in any asset permitted by the IRS. An added advantage is the loan feature, where you can borrow up to $50,000.

However, eligibility for this account mandates being self-employed without any full-time employees on your payroll.

One caveat to note is the time it takes to get your account up and running. The type of plan you opt for influences the account setup duration.

For instance, Silver plan subscribers might need to wait between two to four weeks for their 401(k) account to be ready. On the brighter side, the Gold plan fast-tracks this process, reducing the waiting period to approximately two weeks.

This Brokerage Is Right For You If

A Wide Spectrum of Alternative Investments Appeals to You

Rocket Dollar is a sanctuary for investors with a penchant for alternative asset classes. The platform grants access to a multitude of self-directed investments, all within the legal bounds set by the IRS.

With an offering of over ten distinct alternative asset classes, Rocket Dollar essentially gives traders an open sky to fly their investment ambitions.

You’re a Seasoned Trader Eyeing Self-Directed Accounts

For the majority, a passive investment strategy employing traditional assets suffices to carve a robust financial future. However, for seasoned traders who value due diligence and seek a hands-on approach, Rocket Dollar offers a self-directed route. With the reins firmly in your hands, you can steer your investment journey in a direction that aligns with your financial vision.

An Initial Fee Doesn’t Deter You

In a world where brokerages have transitioned away from commissions and startup fees, Rocket Dollar stands apart with its upfront fee structure. However, the administration and flexibility offered for your self-directed accounts might justify this initial cost.

The value proposition lies in the long-term growth potential and diversified investment options that come with Rocket Dollar’s platform, making the upfront fee a worthy consideration for a bespoke investment experience.


Rocket Dollar offers a unique platform for alternative asset investing within retirement accounts. Its wide range of investment opportunities, competitive pricing, and focus on security make it a viable option for self-directed and experienced investors.

However, the absence of a mobile app and its relative newness in the market could be potential downsides for some investors. Click here to sign up for an account.
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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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