Is a Self-Directed IRA Right for You?
For those who want control over their retirement account, a self-directed IRA may be your choice. Individual retirement accounts (IRAs) are tax-advantaged retirement savings accounts, and their contents grow tax-free. When you put money into it, you take a tax deduction and pay taxes on it when you withdraw, starting at age 59 ½ years and mandatory when you turn 72. A self-directed IRA (SDIRA) is structured like standard IRAs, including the same contribution limits, …