Author Topic: Self-directed IRA vs. ROTH IRA  (Read 1435 times)

thedayisbrave

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Self-directed IRA vs. ROTH IRA
« on: July 11, 2014, 08:58:34 PM »
Background: early-mid twenties, starting career, have a decent sized ROTH IRA for my age ($26K).  At the moment it's in VTSAX but I'm contemplating the switch to a self-directed IRA, as I am very entrepreneurial & love evaluating alternatives such as real estate, dressage horses, start-ups, etc.  Basically, the VTSAX could cut it if I wanted it to but I'm bored.  Will be working in finance and hope to be in VC/angel investing by my thirties. 

I'll be starting a 401K through work this year and contributing the max each year.  Also max the ROTH.  It leaves me with little to live on but I don't need much.

Guess I just wanted some thoughts.  I'm aware self-directed IRAs have more fees.  Or should I stick with the indexes in my retirement accounts and just dabble with taxable money?

Thanks!

MDM

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Re: Self-directed IRA vs. ROTH IRA
« Reply #1 on: July 11, 2014, 11:04:58 PM »
Basically, the VTSAX could cut it if I wanted it to but I'm bored.
You could do individual stock picks and just count the cost of likely lower returns as the price to not be bored.  If it is worth it to you, then go for it!