What is a self-directed IRA?
The Bankrate.com financial term of the day is: "self-directed IRA."
Are you a control freak? Or at least the type who likes to do things yourself? A self-directed IRA may be the perfect way for you to save for retirement. It's an individual retirement account that allows you to make the big decisions about how your savings are invested. You can even go beyond the usual stocks, bonds and mutual funds and put money into real estate or other nontraditional options. A custodian or trustee will keep an eye on you and oversee the process.
A self-directed IRA is a retirement savings vehicle that puts you in the driver's seat.
For answers to all of your retirement questions, visit the Retirement section at Bankrate.com.
Fees could be eating away at your 401(k) without you knowing about it.
Follow this three-step process to choose the investments in your retirement plan.
Studies have shown employees who take advantage of 401(k) advice do better than their peers.
You may find less money in every paycheck, but in the long run, saving in a 401(k) will pay off.
If you have more than one retirement investment option, which should you fund first?
Can a couple find common ground when it comes to debt?
Follow this 6-month homeowner countdown so you are ready come closing day.
Pay attention to fees on prepaid cards because in most cases you can avoid them.
Sleep better at night knowing you have extra money tucked away for unplanned expenses.
Do you want your kids to be smart about money? Follow these tips to get them started.
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A little research could save you BIG on interest.
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