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.
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.
Managing your retirement funds can be made easier if you have a self directed IRA. Self directed IRAs (individual retirement arrangement) allow the owner to have full control over the funds in their 401k plans.