A Self-Directed IRA can be a great vehicle to increase your earnings for your IRA investments. However, there are a few things to consider.
The basics of a self directed IRA are you set-up a custodian to hold your IRA assets, but unlike IRAs held by traditional brokers, you make the decisions as to what the assets are. You arrange for the transfers, the custodian just acts as an umbrella for reporting and tax purposes. The custodian does not do much in the way of policing your IRA so you need to make sure you are following the proper guidelines. Unfortunately, I can’t give any recommendations, because we have only dealt with a few over the years and for only a few limited transactions. The custodian usually charges a small fee because of the record keeping they have to do and may charge additional fees depending on the vehicles you are using.
Please hop on over to the article, Self-Directed IRA Tips