Self-directed retirement plan


Also found in: Acronyms.

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 ?
PHOENIX -- Entrust Arizona, led by financial entrepreneur JP Dahdah, is changing its name to Vantage Self-Directed Retirement Plans, effective Jan.
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com/), the leading administrator of self-directed retirement plans, today announced the introduction of the first-ever IRA Debit Card(SM) product together with The IRA Card Checking Account(SM) service.
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In addition to traditional processing and support services, BHC Securities provides an array of complementary products and services, such as specialized processing for bank and capital markets departments, mutual fund processing for both load and no load funds, self-directed retirement plans, equity dividend reinvestment plans, investment management accounts, mutual fund wrap accounts, annuity processing, and customized Internet, telephony and programming.
provides an array of complementary products and services to new and existing clients, such as specialized processing for bank and capital markets departments, mutual fund processing for both load and no load funds, self-directed retirement plans, equity dividend reinvestment plans, investment management accounts, mutual fund wrap accounts, customized programming and annuity processing.