Last Updated on March 4, 2023 by George
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A leading independent supplier of self-directed IRA and 401K programs, Mountain West IRA, is located in the United States.
The business offers services to both individuals and small-enterprise owners. In 2005, Mountain West IRA got going.
To meet the demands of each investor, the company offers a variety of IRA programs.
Before you begin this evaluation:
They are mindful of how challenging it is to choose a business you can entrust with your hard-earned savings. To offer you as much data as we can so that you can make the best decision, they produce informative and practical material.
To make comparing and selecting the company most suited to your needs as simple as possible, we’ve compiled a list of our highest-rated investment firms.
Mountain West IRA has two partners listed as management, making it smaller than many other IRA providers. The company also has a small business feel to its website.
Even though the company employs fewer people than many other IRA providers, an astounding number of their delighted clients have sent them good ratings on numerous review websites.
Customers are impressed by the price structure that makes it simple for investors to open new IRAs, among other things. Comparable to other IRA providers’ fees. Mountain West IRA does have two fee schedules, though.
The per-asset-based and value-based fee structures cater to every type of investor and their demands.
Private equity investment possibilities are available through Mountain West IRA, allowing investors to create corporations to safeguard their investments.
They can also invest in non-traditional securities, including gold, property, and promissory notes.
Here are some details you need to know 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 mention the members of the management and board teams that are in charge of all the business’s goods and services. The Mountain West IRA is unique; only the company’s founding concepts are listed as employees.
Jon Galane, a National Association of Securities Dealers member, 2006 founded the company. Additionally, Mr. Galane belongs to the American Banking Association.
Joe and Lisa Galane both joined Morgan Stanley in 1999. Lisa is in charge of overseeing client services, procedural backends, and compliance.
Despite having a minor management team than most IRA providers, they have an unblemished reputation and many glowing client testimonials.
Storage Information
The retirement plans that most people are familiar with are available with Mountain West IRA, including:
- Traditional IRA
- 401K plans
- Checkbook IRA Plans
- Health Savings Accounts
- Roth IRA
- SEP IRA
- SIMPLE IRA
The ability to open a retirement account as a corporation is one choice that Mountain West IRA does not provide. The majority of investors opt for a regular or Roth IRA. Your investment objectives will determine the kind of account you select.
The organization provides a free handbook covering everything you need about alternative investments, such as precious metals and real estate, to make choosing the best self-directed IRA plan simple.
You can increase wealth and diversify your investment portfolio through a wide range of assets.
Common IRA Plans
Tax deductions are not permitted when you make contributions to your Roth IRA. Investors, however, are not subject to income taxes upon withdrawal at retirement age.
Consider a Roth IRA if you wish to have a sizeable amount in your IRA when you retire. A traditional IRA might be better if you have a regular job and save a predetermined amount each year.
Business IRA Plans
An ideal choice for independent contractors is a SEP plan. Self-employed individuals and small company owners can save for retirement with a SEP IRA. Owners of companies with less than 100 employees should consider a SIMPLE IRA a viable alternative.
Small businesses can match employee contributions made through a SIMPLE IRA and deduct them from their taxes as company expenses. Larger organizations should use 401K retirement programs.
Most businesses can use the 401K technique to donate up to three percent of employee contributions in equal quantities. Because they have more money to contribute to their retirement, employees benefit significantly from matching employer contributions.
The strategy benefits businesses as well. The only drawback is that companies must pay substantial administrative costs. Since they cannot pay the charges, 401K programs are not intended for use by small businesses.
Assets Available to Invest at Mountain West IRA
The majority of self-directed IRA plan providers, including Mountain West IRA, provide four fundamental investment kinds for retirement planning, which are as follows:
- Precious Metals
- Private Placements
- Promissory Notes
- Real Estate
Two of the most popular possibilities for IRA retirement investments are precious metals and real estate. Most investors who wish to start a self-directed IRA are already interested in buying gold, silver, and real estate.
People are more inclined to invest in precious metals and real estate when looking for alternative investments to stocks or bonds. Owners of huge firms or businesses are more likely to invest in private equity.
Business owner has the option to incorporate while maintaining their retirement accounts.
One of the most common alternatives offered by most self-directed IRA providers, including Mountain West IRA, is promissory notes. Investments in loans and mortgages, both secured and unsecured, are permitted through promissory messages.
Why Put Gold in Your IRA?
The cost schedule for Mountain West IRA is hosted by a third-party provider, contrary to most self-directed IRA providers. Investors interested in purchasing plans must register for the service to examine the fee schedule.
The marginal rate multiplier, which applies to first-time investors, describes the percentage increase or decrease in final income brought on by investments or withdrawals from accounts. For prospective investors, the Mountain West IRA charge structure is as follows:
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 IRA, fee schedule graphic shows the sums that investors will have to pay depending on the value of their IRA plan. When investors make significant investments, their marginal rates are reduced, and the importance of their IRA plans rises.
The majority of self-directed IRA providers base their fees on a value-based framework.
Mountain West is one of the few providers of self-directed IRA plans that offer clients the option of either a value-based fee structure or an annual flat cost, and this sets them apart from most other self-directed IRA plan providers.
The Mountain West IRA’s fees are more affordable than many of its rivals. Investors can pay $75 every three months for each asset. Each quarter, Mountain West IRA may charge up to $462.50.
If investors select a value-based fee structure, their yearly fee payment will be around $1,850. Most companies that supply investors with self-directed IRA plans have similar pricing schemes.
Changes in the stock market determine the cost. Researching the alternatives each self-directed IRA provider offers and basing your choice on your investment requirements are the best ways to choose one.
Mountain West IRA Customer Support
Investors desire prompt answers to their IRA-related queries. The drawback of getting in touch with Mountain West IRA is that there needs to be a live chat option available, and the absence of live chat can be dissuasive to some investors.
On the firm website, a form may be used to send an email or call a representative.
The contact form can be used to arrange a meeting with a company representative for current clients or those looking to start an account.
Reviews From Customers
The company is rated 4.8 stars out of a possible five on the Google business profile for Mountain West IRA. One of the best-rated providers of self-directed IRA plans, the business has received approximately 70 favorable ratings from pleased clients.
The Better Business Bureau rated based on the number of complaints against them. Mountain West IRA has an A+ rating from the Better Business Bureau, even though the organization does not officially accredit it.
Businesses that have no complaints or issues that have been resolved are given this label. Another reputable rating website has given Mountain West IRA another outstanding review.
More than 70 service provider clients have left reviews on the website, rating them 4.8 out of 5. Most IRA investing providers must receive a new five-star rating, so the ranking is exceptional.
Reasons to Choose Mountain West IRA
- Highly-Rated Service Provider
Customers nationwide can choose from investment options and self-directed IRA plans offered by Mountain West IRA. The business receives rave reviews and top marks for the quality of its client service.
- Financial Freedom
You can invest in things you know about and like with a Mountains West IRA. How much money you put up for retirement is in your hands.
- Excellent Education Resources For Investors
Customers of Mountain West IRA have access to on-demand learning opportunities like webinars, in-person courses, and how-to manuals, which are especially useful for novice investors. The business includes the following topics in its education series:
Both experts and beginners can invest in real estate. Investors learn how to generate a monthly income from real estate investments.
Every week, like-minded real estate investors talk about the industry, including lot splits, private finance possibilities, real estate development, and how flipping works.
The meaning of “due diligence” relates to your self-directed IRA plan. The company’s New Account and Education Director produced the pre-recorded webinar, and plans for Self-Directed IRAs and investing tips are among the subjects covered.
These are some of the subjects covered in the webinar:
- Choosing a custodian for your IRA
- Private Placement Investments
- Secured and Unsecured Promissory Note Investments
- Real Estate Investments
- Precious Metals Investments
Women’s investing. This session teaches women how to break free from the 9 to 5 workweek and maximize their assets, whether they are working professionals or business owners.
The group provides the opportunity to network with other female investors who aspire to make a living via their investments.
One of the most frequently questioned questions is how secure investors’ information is when selecting a self-directed IRA provider. The security and safety of each investor are important to Mountain West IRA, and the company guarantees your security and confidentiality.
Mountain West IRA customers can invest in various assets, a benefit that many investors value.
Any alternative assets that aren’t restricted by the rules of the Treasury Department or the Internal Revenue Service are eligible for investment.
Pros and Cons
Pros                    
- All standard IRA plans are available.
- Investors can set up an online account.
- Investments in precious metals are possible.
Cons                    
- Cryptocurrency is not a valid option.
- There is no live customer service chat available.
Final Thought – Mountain West IRA Review
Mountain West IRA provides plans similar to those offered by other administrators and guides participants through selecting suitable investments for their requirements.
For your retirement, a self-directed IRA can build significant wealth.
The specialists at Mountain West IRA assist you in selecting the ideal self-directed IRA based on your age, your desired retirement date, your tax situation, and your ability to postpone payments and make contributions.
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