What is the difference between a regular IRA and a self directed IRA?
A. A self directed IRA and a regular IRA are similar in many ways. The major difference is that with a self directed IRA, you are allowed to make the investment choices versus a custodian who is in charge of your IRA. Often the custodian of an IRA may say that you can invest as you wish but impose restrictions when you attempt to make investments that will not benefit the custodian. With a self directed IRA, the only restrictions are the ones you impose on yourself, except for prohibited transactions.
