Reported 6 months ago
Individual retirement accounts, or IRAs, provide tax advantages for retirement savings, with options like traditional IRAs and self-directed IRAs. Traditional IRAs offer tax-deductible contributions and tax-deferred growth with limited investment options, while self-directed IRAs provide broader discretion, allowing investments in real estate, private equity, precious metals, and cryptocurrencies. Although SDIRAs offer more diversification and potentially higher returns, they come with higher fees and risks. Choosing between the two depends on investment preferences, risk tolerance, and long-term financial goals.
Source: YAHOO