What is a directed IRA?

Directed IRA is an Arizona-based trust company with over $1 billion in assets under custody and more than 10,000 client accounts. According to Directed IRA, you can use your self-directed IRA to invest in real estate, private companies and private funds, checkbook IRA/LLCs, notes, cryptocurrency, and other alternative assets.

Is a traditional IRA better than a self-directed IRA?

Traditional IRAs and self-directed IRAs both have advantages, and which one is a better choice depends on the situation. Here’s what to consider: Your investment preferences: If you have little interest in alternative investments, a traditional IRA might make more sense. Otherwise, choose an SDIRA.

What is a traditional IRA?

A traditional IRA is maintained by a custodian, such as a bank or investment firm. While you may have control over your investment selections, your choices are usually limited to traditional investments, such as stocks, bonds and investment funds. In 2024, the contribution limit to traditional IRAs is $7,000.