There are many types of retirement options that individuals can invest in, and an Individual Retirement Account, or IRA, is one of them. Typically, the account is administered by a trustee. However, it is “self-directed” as the account holder directly manages the account. There are two types of self-directed IRA: traditional IRA and Roth IRA. With a traditional IRA, you can make contributions that are tax-deductible, with a Roth IRA,
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