Self-directed retirement plan

(redirected from Self-Directed Retirement Plans)

Self-Directed Retirement Plan

A retirement plan in which the account holder has a great deal of control over the investments made on the account. That is, either the account holder or a designated representative has the ability to make investments with the contributions made to the account. Generally speaking, a self-directed retirement plan exists through a brokerage, which makes investments on behalf of the account holder. The brokerage may charge an annual fee for managing a self-directed retirement plan in addition to the commissions it charges on the individual trades.

Self-directed retirement plan.

If you participate in an employer's retirement savings plan, such as a 401(k) or a 403(b), you usually must select the investments into which your contribution goes from a menu of choices your plan offers.

When that's the case, your plan is self-directed, and the income you receive when you retire is determined in part by the investment choices you make.

Individual retirement accounts are also self-directed, as you choose the way that the assets in the account are invested. Individual retirement annuities may or may not be self-directed, depending on the contract you chose.

In contrast, if you're part of a defined benefit pension plan, your employer is responsible for making the investment decisions. If you own a fixed annuity, the insurance company makes the investment decisions.

References in periodicals archive ?
June 23, 2015 /PRNewswire/ -- Today, The Entrust Group, the industry leader of account administration services for self-directed retirement plans, announced the official opening of its New Jersey office and the addition of Alan Johnson as Business Development Manager representing that office.
We are honored to help Lincoln Trust set the standard for superior customer service in self-directed retirement plans," said Gajen Kandiah, Senior Vice President and Global Head, Business Process Services and Solutions for Cognizant.
We uniquely cater to a broad range of discerning investors seeking self-directed retirement plans, as well as alternative investment opportunities," said Gleich.
The average investor got much more involved in stocks through self-funded and self-directed retirement plans," Taylor said.
We're seeing clients turn to CPAs for help designing and implementing their financial and investment plans," he added, noting that the rapidly growing number of self-directed retirement plans, coupled with the transfer of wealth to baby boomers from their parents, have transformed financial planning from a privilege into a necessity.
Currently, a total of $675 billion is invested in 401(k) plans, or self-directed retirement plans, according to Access Research of Windsor, Conn.
The judges were impressed that Nicole developed a loan program to help finance real estate through self-directed retirement plans.
For 30 years, The Entrust Group has provided account administration services for self-directed retirement plans and has been an acknowledged authority in the field.
PHOENIX -- Entrust Arizona, led by financial entrepreneur JP Dahdah, is changing its name to Vantage Self-Directed Retirement Plans, effective Jan.
About The Entrust Group For 30 years, The Entrust Group has provided account administration services for self-directed retirement plans.
Established in 1998, Trust Administration Services, a wholly-owned subsidiary of First Regional Bank, specializes in the administration of self-directed retirement plans and custody accounts.