ELI5: Explain Like I'm 5

Self-Directed IRA

A self-directed IRA is a kind of retirement account that lets you save money for your retirement but also lets you decide what kinds of investments you want to make. You can choose to invest in things like stocks, bonds, real estate, or even cryptocurrency. This can help your money grow faster than if it were just kept in a regular bank account. With a self-directed IRA, you have control over what you invest in, and can make changes to your investments when you need to.