What Is a Self-Directed IRA?
A self-directed IRA is a type of retirement account that gives you more control over the types of investments you include in your IRA. In many cases, the custodian that holds the account for you will place more of the risk on your choices. Learn more about how a self-directed IRA works, and the types of assets you can include, along with the costs you’re likely to encounter when you open this kind of retirement account. What Is a Self-Directed IRA? With a self-directed IRA, you work with a custodian that is more likely to allow you to choose from a wider variety of investments for your retirement portfolio that go beyond what an IRA custodian would normally suggest or allow. Alternate definition: A self-directed IRA allows you more leeway to choose investments that might be considered “alternative” investments Acronym: SDIRA How Does a Self-Directed IRA Work? IRAs are held by custodians who usually provide a limited menu of assets to invest in. Custodians ...