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EDIT: Oops I misunderstood tehlike and had a comment about 401k -> IRA rollovers here which wasn't actually relevant.
by gibybo 8y ago
EDIT: Oops I misunderstood tehlike and had a comment about 401k -> IRA rollovers here which wasn't actually relevant.
- iakh 8y agoSelf directed IRAs are fairly specialized and are not offered by most brokerages. They also generally cost several hundred in annual fees just to maintain the account, regardless of usage.
- notyourwork 8y agoThat’s not true at all, fidelity is self managed and free aside from selling or stock. I’ve managed my own Roth and traditional Ira for years this way.
- iakh 8y agoSorry, but I don't believe that's accurate[1]. Being able to manage your own Roth and Traditional IRAs does not a "self-directed IRA" make. [1] https://www.quora.com/What-is-a-Fidelity-self-directed-IRA https://www.quora.com/What-is-a-Fidelity-self-directed-IRA
- notyourwork 8y agoPerhaps I misunderstood, I would interpret self directed as an account I determine the direction of my investments. Thanks for clarifying.
- gibybo 8y agoSorry, you're right, I misunderstood.