What is a self-directed IRA? How is it different from other IRAs?
The investments of all Individual Retirement Accounts (IRAs) are directed by the IRA holder. However, most IRA accounts offer specific options, such as CD’s or mutual funds, while the bank trust department self-directed IRA allows the client to select assets from different sources and different investment classes. The self-directed IRA with the trust department can hold securities, real estate, notes and mortgages, partnerships and closely held stocks, subject to regulatory guidelines, in a single account.
