5 Reasons to Avoid Self-Directed IRAs

By David Rodeck
From Kiplinger’s Personal Finance
Self- directed individual retirement accounts ( IRAs ) are not for the average retiree or the faint of heart. These specialized retirement accounts let investors do things they ca n’t in an ordinary IRA, like invest directly in alternative assets, including cryptocurrencies, real estate, or a private business.
Like normal IRAs, assets grow taxes- sheltered inside a personal- directed account, giving a real estate investor, for example, a way to book properties or buy and sell them using IRA savings while postponing the taxes on any income or capital gains.
This flexibility, however, means more way for seniors to get in trouble with their hard- earned benefits by investing in something that is n’t mildly suitable. Consider these challenges:…

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