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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

self-directed retirement account  

Definition 1.

A retirement account in which an investor designates an account custodian but still makes his/her own decisions about what stocks, bonds, and mutual funds to buy. These accounts are usually set up at a brokerage, and the investor is often charged an amount above trading costs for operating a self-directed IRA.
 
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