What is a checkbook self-directed IRA, and more importantly, why would you want one? There are two types of self-directed IRA accounts: custodial self-directed IRA accounts, where your investments are overseen by a custodian, and checkbook self-directed IRA accounts, where you are in complete control. Typically, each type has pros and cons, but here at FreeSelfDirectedIRA.org, we are able to combine the best of both worlds. For more in-depth information about self-directed IRAs, click on the link below to request an informational packet.