A self-directed IRA is a type of individual retirement account that gives investors more control over their investing decisions. It’s different from traditional IRAs or Roth IRAs since the self-directed IRA can invest in a wider range of assets, including real estate, private equity, etc.

The account owner is in charge of making investment decisions and selecting which assets to invest in with a self-directed IRA. It can provide more flexibility and potentially better returns than traditional retirement plans.

Not all IRA custodians provide self-directed IRAs, and the IRS has certain rules and regulations restricting the sorts of assets that can be stored in these accounts. As a result, before starting a self-directed IRA, it is important to conduct extensive research and contact your financial advisor.