Traditional IRAs vs Self-Directed IRAs: What to Choose

Traditional IRAs vs Self-Directed IRAs: What to choose

In the vast world of Individual Retirement Accounts (IRAs), two approaches are possible when it comes to preparing for old age: the Traditional IRA and the Self-Directed IRA.

Are self-directed IRAs worth the fees?

This article was reviewed by  Denise Supplee . The Big Picture on Self-Directed IRAs: A self-directed IRA lets you invest in non-traditional assets like real estate, private businesses, and cryptocurrency—offering broader diversification than a standard IRA. While SDIRAs offer flexibility, they come with strict IRS guidelines. You can’t personally benefit from your IRA investments, and you must work through a qualified custodian. Setup, annual…