Explore questions and answers from the experts at Mountain West IRA.
How do I determine which retirement plan is best for me?
You can review our Retirement Plans section for more information regarding plan types and contribution comparisons. You should also seek the services of a tax professional to assist you in the proper selection of the plan best suited for you.
What are the limits to the investments I can make?
You cannot invest in Collectibles or Life Insurance Contracts. There are also certain transactions in which you cannot participate when using IRA funds. These transactions are referred to as “prohibited transactions“. Prohibited Transactions are defined in IRC § 4975(c)(1) and IRS Publication 590. These transactions were established to maintain that everything the IRA engages in is for the exclusive benefit of the retirement plan.
What are the potential benefits of a self-directed IRA?
You are able to invest your tax-advantaged retirement dollars in investments you know and understand. Through the power of compounding interest, this has the potential to create lasting wealth for you and your family.
What type of service does Mountain West IRA provide?
Mountain West IRA is a retirement plan record keeper for self-directed IRAs. We offer the same retirement plans as other plan administrators with one exception – we walk you through and explain the process of how to purchase the investments that you choose with your IRA funds.
There is no legal distinction between a “Self-Directed IRA” and any other IRA. The difference is Mountain West IRA lets you take control of your retirement by letting you invest your IRA in what you know and understand best.
Your IRA may be subject to legal action. Individual retirement accounts (IRAs) are not always exempt from creditor claims, and are never exempt from federal or state taxing authorities; however, most states do not permit creditors to collect from IRAs.
When you turn to a self-directed IRA company that allows for trust deed investments like Mountain West IRA, you can take advantage of loans secured by real estate, other tangible property, or even unsecured loans.
Often you are invited to be an investor, work within the company or know someone who works at the company, or you find a private entity via research. Mountain West IRA is a passing self-directed IRA administrator who does not do due diligence on private entities.
A partnership is a type of unincorporated business organization or agreement in which multiple individuals, called general partners, manage the business and are equally liable for the debts of the business.