The SEC’s Office of Investor Education and Advocacy, the NASAA, and FINRA have updated the Investor Alert to warn investors of potential risks associated with self-directed Individual Retirement Accounts (self-directed IRAs).

Self-directed IRAs allow investment in a broader—and potentially riskier—portfolio of assets than other types of IRAs. Those assets may include real estate, private placement securities, precious metals and other commodities, and crypto assets. Investors should be mindful that investing through self-directed IRAs raises risks, including fraudulent schemes, high fees, and volatile performance.

Remember, with a self-directed IRA the investor has sole responsibility for evaluating and understanding the investments in the account. Are you confident enough to invest your retirement savings without the advice of a financial professional?

Read this:

https://www.finra.org/investors/insights/self-directed-IRAs-risk-of-fraud