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A Guide to Self-Directed IRAs

June 5, 2019

From the U.S. News & World Report website

A self-directed IRA allows investors to hold unique and varied investment options inside a retirement account. Unlike traditional IRAs or Roth IRAs, which often consist of stocks and bonds, a self-directed IRA provides a broader selection of investment options. “As we are floating at all-time highs in the stock market, some investors are beginning to remember some of the wounds they received in the financial crisis of 2007-2008 where they saw their accounts get sliced in half and still paid advisors their traditional commissions,” says Joseph Polakovic, owner and CEO of Castle West Financial in San Diego. “This has led some to look at ways to get a little more hands-on with their qualified investments.”

Using a self-directed IRA as part of a retirement savings strategy requires some research upfront. The following is a guide to self-directed IRAs, including how they work and how to decide if this investment setup is right for you.

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