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What is a self-directed IRA and why haven I heard of it before?

April 26, 2017heard IRA self-directed

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What is a self-directed IRA and why haven I heard of it before?

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A self-directed IRA is an individual retirement account (IRA) that allows you, the client, to choose your IRA’s investments. While most brokerage houses and banks offering “self-directed” IRAs limit clients to their own investment products, custodians like VRAC without proprietary products do not have the same restrictions. This allows you more choices and greater flexibility for your retirement savings plan.