Differences between a SEP IRA and a self-directed IRA?

This topic has 2 replies, 3 voices, and was last updated 2 years ago by Desmond-L.

Viewing 3 posts - 1 through 3 (of 3 total)

Author

Posts
August 23, 2022 at 2:38 pm #132
Mathilda_92
Participant
- Green member
- Topics:1
- Replies:1
- Totals:2
Hello, could you tell me the difference between these two plans? I’ve read some articles online but I quite don’t get how they are so different.
August 23, 2022 at 3:09 pm #137
Henry White
Participant
- Green member
- Topics:0
- Replies:3
- Totals:3
Hello Mathilda, a self-directed IRA is an investment account that you control and decide where to allocate the funds. You can use it for your personal or business expenses. It allows you to decide where your money goes and how it is invested.
November 20, 2022 at 11:04 am #148
Desmond-L
Participant
- Green member
- Topics:0
- Replies:3
- Totals:3
It means you use a directed custodian and you only select the assets you invest into with your IRA money.
Author

Posts

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.