What is a Truly Self-Directed IRA and how is it any different from a typical IRA?
For years, the typical self-directed IRA meant signing up for a bank or an online brokerage account to choose from among investments like stocks, CDs, bonds, or mutual funds. These kinds of accounts may be right for some, however, they don’t offer the kind of freedom that a truly Self-Directed IRA plan can offer. Many custodians claim they allow you to self-direct your IRA investments, but then turn around and restrict what you can invest in. A truly Self-Directed IRA allows you to make the decisions without restriction.
