Broad Financial Description
Self-Directed IRAs are also known as "Alternative IRA", Self-Managed IRA" or "SDIRA". They allow investors to diversify their savings away from Wall Street and into real assets such as real estate, private placements, or other investments. You have the freedom and flexibility to invest your wealth in real time, without the need for additional paperwork or transaction fees. This account is for you if you are looking to diversify your savings from volatile Wall Street stocks, bonds and mutual funds and you also want to drive your own retirement account. Diversifying your retirement savings can be done in many other ways than Wall Street. This includes private placements and real estate. If you are able to diversify your investments and invest your money in more places than one, a stock market crash will not affect your retirement savings.