An Overview of Self-Directed IRAs: Basics for Investors

Well-informed investors who want more options and more control with their IRAs (and who don’t mind extra work and the possibility of greater risk) may want to try an SDI.

A white-haired man in a suit with a briefcase.
(Image credit: Getty Images)

Traditional IRAs have been around for 46 years, with the enabling legislation passed by Congress in 1974! Roth IRAs started in 1997 as part of the far-reaching Taxpayer Relief Act of that year. Over time many of the rules and requirements have been modified, like required minimum distributions (RMDs), and it’s likely that further changes will be made to keep up with the needs of the millions of Americans whose primary source of retirement income is held in IRAs.

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Avery Neumark, CPA, JD
Partner, Marks Paneth LLP

Avery E. Neumark, CPA, JD, LL.M, is a partner in the Tax Group at Marks Paneth LLP.  Neumark is an attorney with more than 35 years of experience specializing in employee benefits and executive compensation, as well as ERISA, retirement and health and welfare planning, and compensation consulting. He has particular expertise in both for-profit and nonprofit sectors, and in serving high-net-worth individuals.