If you are tired of the way your retirement fund is being handled and you have already moved your account from the standard 401k fund to an IRA account but you still want to gain more control over the decision making process, you could change the IRA type and move it into a self directed IRA. What does that entail? Well, for the most part, having a self directed IRA means that you gain more control over your financial options.
There are two common types of income – active and passive. If your employment gives you active income, investments in long-term assets shall give you residual income.
Keeping your funds in your existing 401k plans gives you limited investment options but when you decide to get a self directed IRA, you can have the freedom that you want over your money. When it comes to retirement funds, people have several options. One is to maintain the 401k plan but this gives you less control over your money.