Three Simple Steps

Opening and funding a self-directed IRA involves three basic steps. Mountain West IRA provides administrative support throughout the process, from establishing your account to processing transactions at your direction.

1. Open Your Account: Complete the Starter Kit for the type of self-directed retirement account you would like to establish.
2. Fund Your Account: Fund your account through an eligible IRA transfer, rollover from
3. Choose Your Asset: Select the allowable asset you would like your self-directed IRA to purchase, complete the required transaction documents, and submit your instructions to Mountain West IRA for processing.

‍

What You'll Need to Open an Account

Depending on your account type and funding method, certain forms, identification, account statements, and applicable fees may be required. Review the documents below to get started.

• Account Application
• Fee Schedule
• Copy of a valid government issued photo ID
• Prohibited Transaction Signature Form
• Transfer Form and current account statement, if transferring funds from another IRA
• Rollover Certification Form and current account statement, if rolling over funds from an eligible retirement plan
• Account establishment fee for each account you will be opening

• All future asset expenses can be paid by providing us with a  and the appropriate invoice paperwork.

‍

Funding Your Account

If you're transferring funds from an existing IRA, complete the Transfer Form and provide a current account statement. Once your Mountain West IRA account is established and the required documentation is received, we will submit the transfer request to your current custodian.

If you're rolling over funds from a 401(k) or another eligible employer-sponsored retirement plan, complete the Rollover Certification Form and provide a current account statement. You may also need to contact your plan administrator to initiate the rollover.

‍

Purchasing an Asset

Once your account is funded, select the allowable asset you would like your self-directed IRA to purchase and submit the appropriate Direction of Investment form and supporting documentation. Mountain West IRA will process the transaction at your direction once all required documentation and sufficient funds have been received.

‍

Paying Asset Expenses

Expenses associated with assets held in your self-directed IRA must be paid from the IRA. To request payment, submit a completed Payment Authorization Letter along with the applicable invoice or supporting documentation.