The term Self Directed IRA applies to any Individual Retirement Account where you have say in buying and selling assets. However, over time, it has come to refer to something more specific.
For these reasons SDIRAs one of the most flexible ways to buy tax-advantaged investments. Along with full control and a wider range of investments available come many responsibilities. You are also solely responsible for management, for legal compliance, in addition to any research and due diligence needed before making decisions. The company holding the SDIRA, referred to as custodians, are prohibited from providing financial or investment advice, so the buck stops with you.
While these companies have a vested interest in your investment in gold, silver or even bitcoin, the best dealers have teams of experienced expert advisors who know the market in-depth and can offer something close to impartial information.
If receiving expert information that would normally cost $100s for free in addition to tax-advantaged wealth-protecting assets set up for growth sound like a great combination, then a SDIRA may be right for you.