Self-directed retirement accounts are retirement savings accounts that allow individuals to have more control over their investment choices than traditional retirement accounts.
With a self-directed retirement account, the account owner has the flexibility to invest in a wide range of assets beyond traditional stocks, bonds, and mutual funds, including real estate, private equity, and alternative investments.
Self-directed retirement accounts can include individual retirement accounts (IRAs) and 401(k) plans, among others. While self-directed retirement accounts offer more investment choices, they also come with additional risks and complexities.
Investors must be knowledgeable about the assets they are investing in and understand the tax implications of their investments. Additionally, self-directed retirement accounts may have higher fees and require more active management than traditional retirement accounts.
Nonetheless, for experienced investors who are willing to take on more risk and responsibility, self-directed retirement accounts can offer the potential for higher returns and greater investment flexibility.
Self-Directed Retirement
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