The main differences between Self-Directed IRAs (also called Checkbook IRAs) and conventional IRAs are:
1) You can choose exactly where you want your money placed.
2) You can choose from a wider selection of investment options.
In addition to stocks, bonds, CDs, and mutual funds, with a Self-Directed IRA you also have the option to invest in real estate, private placements, notes, and precious metals – to name a few. Many times, this means higher returns in investments that you understand better.
The most common way people give up their power
is by thinking they don’t have any.
– Alice Walker