Mountain West IRA Review

Mountain West IRA Review

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Mountain West IRA is one of the top independent providers of self-directed IRA and 401K plans in the country.

The company provides services for small business owners and individuals. Mountain West IRA began operations in 2005.

The provider offers different types of IRA plans to suit the needs of each investor. 

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About Mountain West IRA


mountain west ira homepage

Mountain West IRA is smaller than many other IRA providers, with two principals listed as management and a small business quality to the website.

Although the company appears to have a smaller staff than many other IRA providers, they have an astonishing number of positive reviews on various review websites from satisfied customers.  

One factor that impresses customers is the fee structure that makes it easy for investors to open new IRAs. The fees are comparable to other IRA providers. However, Mountain West IRA offers two fee structures.   

The per-asset-based and value-based fee structures provide an appropriate fee schedule for every kind of investor and their needs.

Mountain West IRA allows private equity investment options that would enable investors to register corporations to protect their assets.

They can also invest in alternative securities, including precious metals, real estate, and promissory notes. Here is some useful information you need about Mountain West IRA. 

1. The company was founded in 2005. 

2. Annual fees start at $200.  

3. ROTH IRA and 401K plans are options. 

Management and Board at Mountain West IRA


Many IRA providers list members of boards of directors and management teams overseeing all the company's products and services. Mountain West IRA is different. The company only lists its principles as the staff.

Jon Galane, who launched the company in 2006, is the founder and member of the National Association of Securities Dealers. Mr. Galane is also a member of the American Banking Association.  

Lisa Galane, who joined Morgan Stanley with Joe in 1999, manages compliance, procedural back ends, and services for clients.

Although the management team is smaller than most IRA providers, they have numerous positive reviews from satisfied clients and impeccable credibility. 

Investment Options


different types of plans available

Mountain West IRA offers the retirement plans that most people are familiar with, including:

  • Traditional IRA
  • 401K plans
  • Checkbook IRA Plans
  • Health Savings Accounts
  • Roth IRA
  • SEP IRA
  • SIMPLE IRA

One option that Mountain West IRA doesn't offer is registering a retirement account as a corporation. Most investors choose a traditional or Roth IRA. The type of account you choose depends on your investment goals.  

To make choosing the appropriate self-directed IRA plan to suit your simple, the company offers a free ebook that explains everything you need to know about alternative investments, including precious metals and real estate.

You can build wealth and diversify your investment portfolio through a broad selection of investments.

Common IRA Plans


A Roth IRA doesn't allow tax write-offs when you contribute to your plan. However, upon withdrawal at retirement age, investors aren't charged income taxes.

If you want to have a substantial amount of money in your IRA at retirement, you should consider a Roth IRA. A traditional IRA may be the better option if you're working a regular job and setting aside a fixed amount each year.

Business IRA Plans


An excellent option for self-employed people is a SEP plan. A SEP IRA allows people who are self-employed or own small businesses to save for retirement. A SIMPLE IRA is a good option for people who own businesses that employ fewer than 100 people.

With a SIMPLE IRA, small companies can match their employee's contributions and write them off as business taxes. 401K retirement plans are designed for larger businesses.

Most corporations can use the 401K method to contribute equal amounts of their employee contributions, up to three percent. Matching employer contributions are significant for employees since they have more money to put toward their retirement.

The plan is also good for companies.  The only downside is that companies have significant administrative expenses. 401K plans aren't designed for small business operations since they can't afford the costs. 

Assets Available to Invest at Mountain West IRA


Most self-directed IRA plan providers, including Mountain West IRA, offer four basic types of investments to plan for retirement, that include:

  • Precious Metals
  • Private Placements
  • Promissory Notes
  • Real Estate

Precious metals and real estate are two of the most popular options for IRA retirement investments. Most investors who want to open a self-directed IRA already have an interest in real estate purchases, gold, and silver.

When individuals are looking for alternative investments other than stocks or bonds, they're most likely to invest in precious metals and real estate.  Individuals who own businesses or large corporations are likely to invest in private equity.

A business owner can register a corporation and keep their investments in their retirement portfolio.  

Promissory notes are one of the most popular options that most self-directed IRA providers, including Mountain West IRA. Promissory notes allow investments in secured and unsecured loans and mortgages.

Mountain West IRA Fee Schedule


Unlike most self-directed IRA providers, the fee schedule for Mountain West IRA is hosted by a third-party provider. To view the fee schedule, investors interested in purchasing plans must sign up for the service.

For new investors, the marginal rate multiplier refers to the proportion of increase or decrease in the final income resulting from investing or withdrawing assets from an account. Here is the Mountain West IRA fee schedule for potential investors:  

Total Account Annual Fees

  • $0 – $24,999 - Minimum $200
  • $25,000- $49,999 -  $200 – $450
  • $50,000 – $99,000 - $450 – $700
  • $100,000 – $249,999 - $700 – $1,100
  • $250,000 – $499,999 - $1,100 – $1,650
  • $500,000 – $750,000 - $1,650 – $1,850
  • $750,000+  Maximum fee $1,850

The Mountain West IRS fee schedule chart illustrates the amounts investors will have to pay based on their IRA plan's value. Investors are charged a lower marginal rate when they invest substantial amounts, and the value of their IRA plans increases.

Most self-directed IRA providers use a value-based structure to determine fees.  

Unlike most providers of self-directed IRA plans, Mountain West is one of the few companies that allows clients to choose a value-based fee structure or a flat fee that's paid annually.

Mountain West IRA fees are more reasonable than many of its competitors. Investors may choose to pay $75 each quarter for each asset. The maximum amount Mountain West IRA charges is $462.50 each quarter.

The annual fee structure amount that investors pay is approximately $1,850 if investors choose a value-based fee structure. Most of the providers that offer self-directed IRA plans for investors have similar pricing structures.

Fees are based on fluctuations in the stock market. The best way to choose a self-directed IRA provider is to research the options that each one offers and base your decision on your investment needs.

Mountain West IRA Customer Support


When investors have questions about their IRA, they want fast results. The downside to contacting Mountain West IRA is that live chat with a customer support representative isn't an option.  Some investors find the lack of live chat a deterrent.

However, a representative may be reached by phone or by sending an email with the form on the company's homepage.

Current customers or those interested in opening an account can schedule a consultation with a company representative by using the contact form.

Reviews From Customers


The Google business profile for Mountain West IRA rates the company at 4.8 out of a possible 5-star rating. The company has nearly 70 positive reviews from satisfied investors and is one of the highest-rated of all self-directed IRA plan providers. 

The Better Business Bureau rates businesses according to whether there are any complaints against the organization. Although the Better Business Bureau doesn't formally accredit Mountain West IRA, the organization Gives the company an A+ rating.

The designation is given to businesses that have no complaints or resolutions to any complaints listed on their profile.   Another impressive rating of Mountain West IRA is on another top rating site.

The site lists the feedback of more than 70 customers of the provider, who rated the company at 4.8 out of 5 stars. The rating is excellent since most IRA investment providers need to rank a perfect five stars.

Reasons to Choose Mountain West IRA


  • Financial Freedom

Mountains West IRA allows you the freedom to invest in assets that you understand and prefer. You control how much you invest for your retirement. 

  • Highly-Rated Service Provider

Mountain West IRA offers self-directed IRA plans and alternative investment options for customers nationwide. The company has excellent reviews and high ratings for its level of customer support. 

  • Excellent Education Resources For Investors

Mountain West IRA offers customers on-demand education options that include webinars, live workshops, and how-to guides, which are especially helpful for new investors. Among the topics the company offers in the education series are:   

Real estate investing for beginners and experts. Investors learn how to profit by purchasing properties and enjoying a monthly income.

Like-minded real estate investors meet each week to discuss real estate investing, private lending options, real estate development, lot splits, and how flipping works.  

Due Diligence and how it applies to your self-directed IRA plan. The pre-recorded webinar was created by the company's New Account and Education Director. Topics include Self-Directed IRA plans and points to keep in mind when investing.

Among the topics discussed in the webinar are: 

  • Choosing a custodian for your IRA
  • Private Placement Investments
  • Secured and Unsecured Promissory Note Investments
  • Real Estate Investments
  • Precious Metals Investments 

Investing for women. If you're a working woman or an entrepreneur, this seminar teaches women how to get out of the 9 to 5 workday and make the most from their investments.

The group offers the chance to network with other women who want to create an income through investing. 

One of the most commonly asked questions when choosing a self-directed IRA provider is how secure an investor's information is. Mountain West IRA values the safety and security of each investor. The company ensures your confidentiality ad security. 

A feature that many investors appreciate is Mountain West IRA allows customers the freedom to invest in multiple alternative assets.

Investments are allowed in any alternative assets that aren't prohibited by the Internal Revenue Service code or the Treasury Department's regulations. 

Pros and Cons


Pros

  • Offers all traditional IRA plans
  • Investors can open accounts online
  • Precious metals investments are available

Cons

  • Cryptocurrency isn't an option
  • Live customer service chat isn't available

Conclusion

Mountain West IRA offers plans like other administrators and walks investors through the process of choosing investments for their needs. 

A self-directed IRA has the potential to create lasting wealth for your retirement.  

Mountain West IRA representatives help you choose the best self-directed IRA, your age, when you wish to retire, your tax situation, and deferral capabilities and contributions.

Protect Your Wealth & Tax and Penalty Free!

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