Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How does a self directed IRA differ from a regular IRA?

April 26, 2017differ directed IRA regular self

0

Posted

How does a self directed IRA differ from a regular IRA?

1 Answer

0

Posted

A self directed IRA and a regular IRA are essentially the same except for the management. With a self directed IRA, you make the investment choices. In a standard “typical” IRA, a custodian is in charge of the management decisions. With a self directed IRA, the only restrictions are the ones you impose on yourself, except for prohibited transactions. See the FAQ on prohibited transactions below. There are no unique rules for self-directed IRAs.