Financial platform Rocket Dollar has taken the pain out of alternative investments for the common investor’s retirement portfolio

Rocket Dollar now allows you to invest in a whole swath of alternative assets through a solo 401(k) plan or a self-directed IRA.

Regarding investment choices, anything goes except those specifically prohibited by the IRS.

Huge range of alts

Permitted assets are

• Precious metals
• Rental properties
• Undeveloped land
• Cryptocurrency
• LLCs
• Mineral rights
• C-Corps
• LPs
• Real estate
• Joint ventures
• Business loans
• Options
• Certificates of deposit
• Funds
• Bonds
• Stocks

Structuring the investment vehicle

Rocket Dollar offers two plans.

Self-directed IRA

Two options here: Roth or Traditional plans

The procedure is that the firm will set up an LLC owned by your own plan, and will provide you with its operating agreement, articles of incorporation as well as an employee identification. These will enable you to open a business account and thereby have checkbook control.

Self-directed Solo 401(k)

To qualify for this you need to be self-employed and be willing to establish a trust. For the trust Rocket Dollar will provide an EIN document and plan documents.

Advantages of the platform

This new platform gives you control over alternative investing. Thought you could never invest in assets such as startups, real estate, and private equity through the IRA account? Well, now you can, and shield yourself through diversifying your portfolio away from traditional assets.

The icing on the cake is that you can do this more economically compared to the usual channels. Rocket Dollar’s effective annual cost for a portfolio worth $100,000 is 0.18% while robo advisers cost you in the range of 0.25% to 0.5% per annum.