Self-directed Account

Definition of "Self-directed account"

Cindy Maher real estate agent
Cindy Maher, Real Estate Agent HomeXpress Realty, Inc.

Type of individual retirement account (IRA) allowed by the employees retirement income security act of 1974 (erisa) in which contributions are paid into a custodial account sponsored by a bank or stockbroker. The owner of the account selects the types of investments into which the contributions are made.

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