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What is a Self-Directed Individual Retirement Account (IRA)?

April 26, 2017answer individual retirement account IRA self-directed

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What is a Self-Directed Individual Retirement Account (IRA)?

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A self-directed IRA is an account where the investor establishes and contributes to the account. The investor makes all of the decisions with respect to the investment and the assets held in the account. Remember that an IRA is a type of tax deferred savings plan and the Internal Revenue Code applies. If you wish to find more information concerning tax issues, contact the Internal Revenue Service at www.irs.ustreas.