Question by 2007_Shelby_GT500: How do I go about opening a Self Directed IRA?
And, how would opening one impact how much I can save in my traditional 401k and in my Roth IRA?
So, if I currently contribute K annually to my 401k and K annually to my Roth IRA, I would have to cut back on my contributions, but to which one? The 401k or the Roth IRA? Or are there “Self Directed” versions of both?

Best answer:

Answer by Serge M
You open a self directed IRA by opening a brokerage account or a bank savings account and indicate that it is an IRA. There are also companies that let you open and IRA account in which you can buy real estate. Their charges are much higher.

Contributions to your 401K or Roth IRA have no effect on your traditional IRA, the contribution into which are limited by law.

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