Self-Directed IRAs Carry Risks, Regulators Warn
February 12, 2023 by Karen Demasters
Investors and their advisors should be wary of self-directed IRAs, which are riskier than conventional IRAs, according to three regulatory and consumer protection agencies that issued an investor alert yesterday.
Self-directed IRAs often include investments that carry added risk not found in more mainstream investments, the alert said. They are often less transparent and less liquid, and they are sometimes taken advantage of by fraudsters. They often have higher fees.
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Originally Posted at Financial Advisor on February 8, 2023 by Karen Demasters.
Categories: Industry Articles