Moreover, you have a wider array investment options. You can also opt for a self directed IRA real estate if you’re into property investments. You can purchase residential or commercial properties and start a property business.
What is there about residual income that makes people want to earn it over other forms of income-generating schemes? That would have to be continuous income source derived even with less efforts spent.
One of the advantages that a self directed IRA will give you is the chance to diversify the different asset types that you would not usually have when it comes to normal 401k and IRA fund types. With the other fund types, you do not have all that much freedom to move around and your money would be at the mercy of other people who will invest them as they see fit.