What a Self-Directed IRA Is (and Isn't)

A self-directed IRA (SDIRA) is a retirement account that can hold assets beyond stocks and mutual funds — real estate, private notes, LLC interests, precious metals, and more.

What it is

• A tax-advantaged retirement account governed by IRS rules.
• Administered by a specialized custodian who reports to the IRS.
• Yours to direct — you pick the investments; the custodian executes.

What it isn't

• Not a personal piggy bank — you can't use the assets for personal benefit.
• Not free from rules — prohibited transactions can disqualify the entire IRA.
• Not a substitute for tax or legal advice.