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Exploring Self-Directed IRAs and Investment Opportunities
The chapter delves into self-directed IRAs, highlighting the investor's control over their investments and comparing this option to traditional and Roth IRAs. It emphasizes the vast array of investment choices like real estate, precious metals, cryptocurrencies, and private equity within retirement accounts. The importance of understanding and adhering to Prohibited Transaction Rules is stressed to avoid severe penalties and maximize the tax advantages for long-term wealth building and retirement planning.