A Schwab PCRA is a self-directed brokerage account (SDBA) that is part of your employer-sponsored retirement plan. In addition to the options usually offered by retirement plans, the PCRA allows you to invest in a much wider range of investments. A self-directed IRA is a tax-advantaged account that gives you full control over your retirement assets. You can choose from a wide range of assets while directing all investment decisions on behalf of your account.
Before investing, it's important to learn about IRA guidelines and about investing in alternative assets. However, Schwab's resources aren't limited to retirement savings, but they can also help you invest for other goals, such as saving for educational expenses. The Schwab cumulative IRA is a good option for cost-conscious investors who want to manage their own retirement accounts. See the Charles Schwab Pricing Guide for Retirement Plan Accounts for full fee and commission schedules.
Schwab is not an investment advisor or trustee of your employer's retirement plan, does not recommend any particular investment fund or collective trust fund or category of mutual funds or collective trust funds, is not responsible for your choice of investment funds or collective investment funds, and may receive compensation for registration and shareholder services and other administrative services.