About Investing in Self-Directed IRAs
Self directed IRAs are set-up by people who want to save money for their retirement. With a self-directed IRA, the individual can maximize their savings because they earn the interest on these accounts instead of a bank or a credit union. To find out how to set-up a self-directed IRA, the individual can find a company that works with these types of funds on a daily basis. Mutual fund companies can assist with these accounts as a trustee or custodian. Since a custodian or a trustee is a requirement. Another benefit to a self-directed account is that they allow the person to invest their funds into any area that they wish. This means they can move the money from the IRA to other investments that may yield greater returns. When moving the money into other investments, it should be done with caution, especially because there are certain penalties that can apply.
Source: http://www.yaelgoldstein.com/business-finance/investing/about-investing-in-self-directed-iras
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