A Guide to Self-Directed IRAs
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.
“The account owner is the person who is managing the account, and therefore they must take on the responsibility of due diligence and ongoing management of the underlying assets,” says Cassandra Kirby, a partner and wealth advisor at Braun-Bostich & Associates in Pittsburgh. “You should be a pretty knowledgeable investor to open and manage a self-directed IRA, and you should also be aware of the risks associated with the underlying investments.”
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