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.

Is a Self-Directed IRA any different than a regular IRA?

April 26, 2017different IRA regular self-directed

0

Posted

Is a Self-Directed IRA any different than a regular IRA?

1 Answer

0

Posted

Not really. With a Self-Directed IRA you are able to direct your own investments – You take charge and invest in ideas that you have expertise in or that you know others that are experts in. Unfortunately, many custodians place restrictions on what you are allowed to invest in like Schwab only wanting you to invest in stocks/bonds because that is mainly what they offer and make fees off of. An IRA that is truly self-directed allows you to invest without restrictions as long as you abide by the IRS Rules.