Self-directed Account


Definition of "Self-directed account"

Benjamin Welch real estate agent
Benjamin Welch, Real Estate Agent Century 21 Curran & Oberski

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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