Join Mat & Mark in this open forum as they answer your difficult Self-Directed retirement plan questions. Diving deep into all of your questions on Self Directing your Roth IRA, 401(k), Traditional IRA, Coverdale, HSA, and more. To submit your questions, listen, search for prior episodes, or sign up for their Weekly Free Newsletter, visit
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About Mat Sorensen:
Mat is the leading national authority of The Self-Directed IRA industry, CEO of Directed IRA, partner at KKOS Lawyers, and best-selling author of “The Self Directed IRA Handbook,” with 40,000+ copies sold. Mat is also a VIP Contributor at Entrepreneur and, an expert author at Cryptopedia. He is a go-to guest speaker for financial, tax, and legal podcasts, Live events, and conferences.
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* Did you know you can invest assets owned by your self-directed IRA more efficiently? To Set Up Your New Account With A Specialist visit

* Discover the benefits of using an IRA/LLC, also known as a “checkbook control IRA.” Visit KKOS Lawyers to get help setting up your single-member IRA/LLC, call KKOS Lawyers at (888) 801-0010, or visit their website at
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Open Forum: Your Questions Answered on Self Directed Retirement Accounts

retirement planning is always a hot topic, and with the rise of self directed retirement accounts, it has become even more intriguing. As more individuals take control of their retirement funds, questions arise about the rules, benefits, and potential drawbacks of self directed retirement accounts. In this open forum article, we aim to answer some of your burning questions.

1. What is a self directed retirement account?

A self directed retirement account (SDRA) is a type of retirement account that allows you to have greater control over your investments. Unlike traditional retirement accounts, such as 401(k)s or IRAs, self directed accounts enable you to invest in a wider range of assets, including real estate, private businesses, precious metals, and even cryptocurrency.

2. What are the benefits of a self directed retirement account?

One of the primary benefits of a self directed retirement account is the ability to diversify your investments. By having a broader range of asset options, you can reduce your risk and potentially achieve higher returns. Additionally, SDRA holders have the opportunity to invest in alternative assets, which may offer unique investment opportunities not available within traditional retirement accounts.

3. Are there any drawbacks to self directed retirement accounts?

While self directed retirement accounts offer greater investment flexibility, they also come with added responsibilities. As the account owner, you are responsible for conducting thorough due diligence on your investment choices, ensuring compliance with IRS regulations, and keeping accurate records. Additionally, certain investments, such as real estate, require active management and can be more time-consuming than traditional investment vehicles like index funds.

4. Are there any restrictions on what I can invest in with a self directed retirement account?

While self directed retirement accounts do provide more investment options, there are some restrictions to be aware of. The IRS sets guidelines on what is considered a “prohibited transaction” within these accounts. For example, you cannot invest in collectibles, life insurance policies, or use your SDRA to benefit yourself or family members in certain transactions. It’s vital to understand these rules and consult with a qualified professional to avoid unintended tax consequences.

5. Can I open a self directed retirement account through my employer?

Unfortunately, employer-sponsored retirement plans, such as 401(k)s, typically do not offer a self directed option. However, if you have a traditional retirement account from a previous employer or have an Individual retirement account (IRA), you can typically transfer those funds into a self directed retirement account.

In conclusion, self directed retirement accounts can be a powerful tool for individuals seeking greater control and diversification in their retirement savings. However, it is important to fully understand the rules and regulations surrounding these accounts, conduct thorough research on potential investments, and consult with a qualified financial advisor or tax professional before diving into self direction. Open forums like this provide an opportunity to address questions and gain a better understanding of the opportunities and challenges associated with self directed retirement accounts.