What is A Self Directed IRA and How to Use it
A self-directed Individual Retirement Account (IRA) is exactly what the name describes. It allows an account owner to make investment decisions on his or her own behalf for retirement while continuing to provide the account holder with tax benefits.
You can have either a traditional self directed IRA or a self directed Roth IRA. You have control over your retirement money in your nest egg instead of relying on the recommendations of a mutual fund manager or account manager. Unlike the self directed IRAs more famous cousins, the Roth and Traditional IRA, you call all the shots in the self directed version.
What You Can Invest In
Under IRS rules and regulations, you are pretty much only limited by your imagination on what you can invest in inside your self directed IRA. You can invest in stocks, bonds, mutual funds, real estate, mortgages, franchises, partnerships, private equity, and tax liens.
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