You might think only of stocks, bonds, mutual funds and exchange-traded funds when choosing investments for an individual retirement account, or IRA. But you have many other options.
Consider a nontraditional approach with at least some of your IRA assets. Nontraditional investments, such as real estate and gold coins, typically are acquired through self-directed IRAs. You’ll need a custodian to handle the account, and it may be tough to find one. Major IRA custodians, such as banks and mutual funds, typically stick to conventional offerings.
Take a look at these investments outside of the mainstream, and be aware that potential rewards often come with higher-than-average risks.