A Self-Directed IRA (SDIRAs) is a type of individual retirement account that gives you more control over how your money is invested. While traditional IRAs usually offer stocks, bonds, and mutual funds, a Self-Directed IRA lets you invest in a wider range of assets, like real estate, private companies, or precious metals. You still get the same tax advantages as other IRAs, but you are responsible for choosing and managing the investments. Because of the extra flexibility, Self-Directed IRAs often require working with a custodian that specializes in these accounts and following strict rules to avoid penalties.