{"id":1713,"date":"2022-06-16T18:52:13","date_gmt":"2022-06-16T18:52:13","guid":{"rendered":"https:\/\/blog.ark7.com\/?p=1713"},"modified":"2024-01-25T22:50:55","modified_gmt":"2024-01-25T22:50:55","slug":"self-directed-retirement-accounts-what-you-should-know","status":"publish","type":"post","link":"https:\/\/ark7.com\/blog\/learn\/in-depth\/401k-and-iras\/self-directed-retirement-accounts-what-you-should-know\/","title":{"rendered":"Self-Directed Retirement Accounts: What You Should Know"},"content":{"rendered":"
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If you’re looking for a way to save for retirement with tax advantages and the ability to diversify your investment portfolio, look no further than a self-directed retirement account.<\/span><\/p>\n

In this post, we’ll go over what you should know about self-directed IRA accounts so you can make the most informed decision based on whether this investment type suits your needs and goals.<\/span><\/p>\n

What is a self-directed IRA account?<\/b><\/h2>\n

Self-directed IRA accounts, also known as SDIRAs, are self-directed retirement accounts. These accounts offer tax benefits and allow investors to hold several\u00a0alternative investments\u00a0that would otherwise be prohibited from traditional IRAs.<\/span><\/p>\n

Account holders directly manage their SDIRAs, unlike an employer-sponsored retirement account, which an employer or third-party oversees. SDIRAs still have custodians or trustees to handle administrative tasks, but most of the heavy lifting is done by the account holder themself.<\/span><\/p>\n

Self-directed retirement accounts are a popular choice among self-employed people or those who otherwise do not have an employer-sponsored retirement account option.\u00a0They are best suited for experienced investors who understand\u00a0<\/span>alternative investments<\/span> and looking to diversify their investments further in a savings account with tax advantages.<\/span><\/p>\n

You can use the funds in your SDIRA for:<\/span><\/p>\n