- Mountain West IRA is a top independent provider of self-directed IRA and 401K plans for small business owners and individuals. The company has been in operation since 2005, and offers different types of IRA plans to suit the needs of each investor. They offer two fee structures – per-asset-based and value-based, and provide a list of fees in their Self-Directed IRA Fee Schedule and IRA Starter Kit. Customers can find information on fees on their website.
- Mountain West IRA has received positive reviews from customers, however, one customer, Craigan B., had a negative experience with the company. He asked many questions before investing with them, but they never disclosed their fees upfront. He was charged for every little thing and the paperwork was vague. The fees for investing in metals were even higher. Closing an account incurs a $152.50 fee, and selling metals back to the company incurs transaction and wiring fees for every asset. Mountain West IRA does not disclose these fees in advance and will not release funds until all fees are paid. It is recommended to do your due diligence and speak to a financial advisor before making any investment decisions with the company.
- Mountain West IRA provides a metric to indicate how transparent they are about their company through their Self-Direct Your Retirement Transparency Index. This is split into two parts: whether the company voluntarily provided the information and how transparent they were in providing it. The company has been certified and provides data on fees. However, fees for investing in metals are not disclosed in this metric. A higher transparency number indicates a more transparent company, with a number above 80% being ideal. Transparency is only one factor to consider when choosing a self-directed IRA custodian or administrator.
Introduction to Mountain West IRA
4.6/5 Ratings
Mountain West IRA – the go-to for retirement services and investment options. Reputable, personalized and tailored to your ideal retirement portfolio. The company is dedicated to helping you achieve financial independence. Offering resources and education on self-directed IRA investments.
Alternative asset investing? Real estate, precious metals and private placements. All with the potential to generate higher returns than traditional options. Plus, checkbook control – manage retirement funds through your own bank account. Independence and flexibility to make informed decisions that suit you.
Mountain West IRA: reliable, educated financial experts and customer-centric approach. Perfect for taking control of retirement savings.
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
Fee Structure and IRA Plans Offered
The fee structure and IRA plans offered by Mountain West IRA Review provide flexibility for investors of all kinds. With two distinct fee structures, namely asset-based and value-based, and a variety of IRA plans tailored to diverse requirements, Mountain West IRA Review caters to a wide range of investor preferences.
Two types of fee structures: per-asset-based and value-based
Mountain West IRA provides two fee structures for investors to select from – per-asset-based and value-based. The fee structure chosen determines the fees charged for managing an account. Mountain West IRA is honest with their fee plans, letting investors make wise decisions for their retirement accounts.
The company has two fee structures, as seen in the table below. Per-Asset-Based fees are charged for each asset in a specific account. Value-Based fees are calculated as a percentage of the total assets under management (AUM):
| Fee Structure | Description |
|---|---|
| Per-Asset-Based | Fees charged per asset in an account. |
| Value-Based | Fees charged as a % of AUM. |
Apart from the two fee structures, Mountain West IRA also provides various IRA plans to fit different investment objectives and needs. These plans include traditional, Roth, SEP, and SIMPLE IRAs; Solo 401(k) plans; Health Savings Accounts (HSA); and Coverdell Education Savings Accounts (ESA). By giving multiple investment choices, Mountain West IRA ensures that investors can find a plan that fits them, achieve their financial goals, and protect their future finances.
Different types of IRA plans to suit the needs of each investor
Mountain West IRA is aware that each individual investor has different needs. That’s why they provide various IRA plans to suit everyone’s unique requirements. In the “Fee Structure and IRA Plans Offered” section, you can learn about the plans available and their associated fees.
The below table displays the specifics of each plan, such as the plan type, investment options, annual contribution limits, and required minimum distributions:
| Plan Type | Investment Options | Annual Contribution Limits | Required Minimum Distributions |
|---|---|---|---|
| Traditional IRAs | Stocks, bonds, and mutual funds | $6,000-$7,000 annually, depending on your age | Age 72 |
| Roth IRAs | Stocks, bonds, and mutual funds | Same as Traditional IRAs | No set minimum distribution |
| SEP IRAs | Stocks and bonds investments | 25% of your salary or $58,000 annually | Age 72 |
| Solo 401(k) plans | Array of investment options | $19.5k + 25% of salary | Age 72 |
Mountain West IRA strives to meet its clients’ investment limits. Before making long-term commitments, it’s important to research and understand the IRA plans available. Mountain West IRA gives you transparency in managing finances and tailored strategies that match your individual objectives. Investing with them offers peace of mind for those who prioritize future financial stability.
Don’t miss out! Get started on your tailored investment strategy with Mountain West IRA today.
Transparency of the Company
Mountain West IRA is a financial services company that offers a Self-Directed Your Retirement Transparency Index. In this section, we will examine how transparent the company is in its dealings with customers and the measures taken to reflect this through the aforementioned index.
Self-Direct Your Retirement Transparency Index
Gaining a better understanding of the Self-Direct Your Retirement Transparency Index? Check out the table! It outlines the main aspects scored for the metric.
| Main aspects scored for the metric |
|---|
| Investment Transparency looks at accurate info on investment opportunities. |
| Fee Transparency evaluates fees and charges. |
| Regulatory Compliance follows retirement investment-related laws and regs. |
The scores, customer feedback, and industry standards all contribute to the overall score for each company. The higher the score, the greater the transparency in self-directed retirement service.
Mountain West IRA has consistently ranked among the best in the Self-Direct Your Retirement Transparency Index. Clients can take advantage of this metric by working with reliable companies like Mountain West IRA for maximum transparency in their investments.
Customers have praised Mountain West IRA’s transparency and helpfulness, saying it’s like having a financial advisor with a sense of humor! Don’t miss out on secure retirement investments with transparency-focused companies.
Mountain West IRA allows private equity investment options that would enable investors to register corporations to protect their assets.
Benefits of Self-Directed IRA and 401 Plans
Self-directed IRAs and 401(k) plans offer many benefits! They provide greater control and flexibility over investments, such as real estate, crypto, private equity, and precious metals. Plus, these plans can help you save on taxes. Contributions are tax-deductible and earnings grow tax-free.
These plans also provide asset protection. They are usually exempt from bankruptcy proceedings and are safeguarded by state and federal law. You may even be able to make higher returns with self-directed plans! This can help you achieve specific goals and strategies.
But, remember that alternative assets come with a higher level of risk. Make sure you research before you invest. Self-directed plans require more due diligence, but they can be a great way to diversify your portfolio and earn more money.
One of the best things about GoldBroker is that they will buy back any precious metals they sell to you as long as you contact them and inform them of the amount you wish to sell.
Customer Reviews of Mountain West IRA
Mountain West IRA Review offers a deep look to customer satisfaction with their IRA investments. It looks at the quality of services, such as account set-up, investment options and account management.
The review is a great source to understand what customers think of Mountain West IRA. It examines the customer’s satisfaction with each part of the account management. From account setup to investing options, the review gives customers useful insights.
Data shows that customer satisfaction with Mountain West IRA is average, with a rating of 2 stars out of 5. This means that Mountain West IRA needs to improve its services to satisfy customers better. Customer satisfaction is key for any investment service, so they need to make improvements to increase their quality. The review gives a clear view of the necessary changes, so it’s important for anyone aiming to enhance their IRA investments.
Final Thought – Mountain west IRA Review
We have carefully examined the “Mountain West IRA Review” and concluded that effective financial planning and management strategies are essential for higher returns on investment.
We advocate an overhaul of customer service procedures to increase customer satisfaction and make the system more user-friendly.
To ensure maximum performance of the IRA, we suggest restructuring the management hierarchy to be decentralized. This will boost operational efficiency, encourage innovation, and result in better performance.
We advise clients to take an active role in the investment decision-making process. The educational content we propose will help clients make wise investments that match their financial goals.
Don’t miss out on the potential gains of a well-managed IRA. Our team is here to help you develop a comprehensive, beneficial IRA management strategy tailored to your financial goals. Get in touch today to make sure you’re on the path to a rewarding financial future.
Some Facts About Mountain West IRA:
Mountain West IRA is a top independent provider of self-directed IRA and 401K plans for small business owners and individuals. (Source: bmogamviewpoints.com)
The company offers two fee structures for investors – per-asset-based and value-based. The IRA Starter Kit includes the fee schedule and complete information on fees is available for customers. (Source: mountainwestira.com)
The company offers all types of IRA plans and the ability to invest in metals but fees are charged for investing in metals. (Source: reviews.birdeye.com)
Mountain West IRA has a smaller staff than many other IRA providers, but has received a high number of positive reviews from customers on different review websites. However, there are negative reviews from customers such as Craigan B. who had a bad experience with the company and advises others to avoid Mountain West IRA. (Source: bmogamviewpoints.com and reviews.birdeye.com)
The company allows private equity investment options that would enable investors to register corporations. (Source: bmogamviewpoints.com)
The Self Direct Your Retirement Transparency Index indicates that Mountain West IRA provides a high level of transparency in its fees and services. (Source: innovative wealth.com)
The company is located in Boise, Idaho and has been providing self-directed retirement plans for over a decade. It has a knowledgeable staff that prioritizes its clients’ best interests. (Source: yelp.com)
Traditional retirement investing may not be the most lucrative wealth-building strategy available. Self-directed tax-free and tax-deferred investing in alternative assets such as real estate, notes, and limited partnerships can be a great option. Self-directed IRA or 401(k) plans offer great tax advantages and a wider range of possible investments. (Source: sophisticatedinvestor.com)
FAQs about Mountain West Ira Review
What is Mountain West IRA and what types of plans do they offer?
Mountain West IRA is a top independent provider of self-directed IRA and 401K plans for small business owners and individuals. The company offers all types of IRA plans, including traditional, Roth, SEP, Simple, and Solo 401(k)s.
What are Mountain West IRA’s fees and fee schedules?
Mountain West IRA offers two fee structures – per-asset-based and value-based – to provide an appropriate fee schedule for every kind of investor and their needs. The Self-Directed IRA Fee Schedule provides a list of fees and is available for customers in the IRA Starter Kit.
What are some potential drawbacks of using Mountain West IRA?
Craigan B. had a bad experience with Mountain West IRA. He asked a lot of questions before investing with them but they never disclosed their fees upfront and charged him for every little thing. The paperwork was vague and they took no responsibility for not explaining the charges. Fees for investing in metals were even higher. Closing an account incurs a $152.50 fee for every account and selling metals back to the company incurs transaction and wiring fees for every asset. Mountain West IRA does not disclose these fees in advance and they will not release funds until all fees are paid. Thus, Craigan B. advises avoiding Mountain West IRA at all costs.
How transparent is Mountain West IRA in terms of fees and other information?
The Self Direct Your Retirement Transparency Index is a metric to indicate how transparent self-directed IRA custodians and administrators are about their company. Mountain West IRA has been given the “company certified seal” and has a transparency number above 80%, which is considered ideal. The company makes information on fees available to customers and also provides the Self-Directed IRA Fee Schedule.
What is the review of Mountain West IRA?
Mountain West IRA has been in operation since 2005 and is located in Boise, Idaho. The company offers all types of IRA plans and the ability to invest in precious metals conveniently. Annual fees start at $200 and they offer 401(k) and Roth IRA plans. Despite having a small staff, the company has an astonishing number of positive reviews from satisfied customers. However, it is still recommended to do your due diligence and speak to a financial advisor before making any investment decisions.
What are some benefits of self-directed retirement investing with alternative assets?
Self-directed tax-free and tax-deferred investing in alternative assets can be a great option as traditional retirement investing may not be the most lucrative wealth-building strategy available. Real estate, notes, limited partnerships, and many other assets can be invested in under your direction. Self-directed IRA or 401(k) plans offer great tax advantages and a wider range of possible investments. Mountain West IRA has been helping individuals and small businesses with self-directed retirement plans for over a decade. The owners have a combined experience of 48 years in the IRA and retirement planning field, and the company prioritize their clients’ best interests.