IRA

Mountain West IRA offers Individual Retirement Account (IRA) services, empowering individuals to save and invest for retirement with tax advantages, ensuring a secure and prosperous future.

Forms and Documents

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2025 Contribution Limits
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Roth IRA Starter Kit
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SIMPLE IRA Starter Kit
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Traditional IRA Starter Kit

Blog Articles

Self Directed IRAs and Real Estate Investments

Although the options are nearly unlimited when investing in real estate with a self directed IRA, it is extremely important to understand and follow the IRS guidelines to avoid hefty penalties for violations.

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How to Fund an IRA

Funding an IRA is straightforward, but understanding the options available—whether by transfer, rollover, contribution, or conversion—can help ensure you maximize the benefits while staying tax-efficient. Here’s a breakdown of each method.

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Prohibited IRA Transactions and Holdings

There are many choices when deciding how to invest your self-directed IRA.

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What is a SEP IRA, and who are they for?

This blog post provides a comprehensive overview of a SEP IRA, covering its definition, benefits, eligibility criteria, and suitability for various types of business owners and self-employed individuals. It emphasizes the high contribution limits, tax advantages, simplicity in administration, and flexibility in contribution decisions annually. The post also highlights that SEP IRAs can be beneficial for both small business owners and self-employed individuals looking to maximize retirement savings while potentially providing retirement benefits to employees. It concludes by recommending consultation with a financial advisor for personalized guidance.

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Rolling Over Your Defined Benefit Plan

A defined benefit plan promises a specified monthly benefit at retirement.

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Understanding SEP and SIMPLE IRAs: Retirement Solutions for Small Business Owners

When it comes to saving for retirement, small business owners and self-employed individuals have unique challenges. Traditional employer-sponsored retirement plans like 401(k)s can be costly and complex to manage. Fortunately, there are simpler, more cost-effective options designed specifically for small businesses: SEP and SIMPLE IRAs. These retirement plans offer flexibility and benefits tailored to the needs of small business owners.

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No Support in the Stock Market

Many investors feel that sinking feeling in the pit of their stomach as they look at their 401(k) and IRA statements.

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The Great Depression

Dateline, October 9, 2008. One year ago today the Dow Industrial Average was 14,198.

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Self-Directed IRAs and Real Estate

Self-directed retirement accounts have gained popularity over the years.

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Visualize your Future: The Surprising Tool That Boosts Retirement Planning and IRA Savings

Ever wonder what you’ll see in the mirror in another 10 or 20 years? This service of having your image aged is now available online and offline.

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7 Times to Reevaluate Your IRAs

Life Changes, Job Changes, when is it a good time to check in with your retirement accounts?

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Glossary of Commonly Used IRA Terms

Glossary of Commonly Used IRA Terms

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Planning on Making a Prior Year Contribution to Your IRA? Here Are 6 Facts to Keep in Mind

"Planning for retirement involves making savvy financial decisions, including utilizing prior year contributions to your IRA. This strategy offers flexibility and potential tax benefits, but it's essential to understand the rules. Learn about deadlines, contribution limits, tax implications, and the advantages of both Traditional and Roth IRAs. Whether you're catching up on savings or optimizing your tax strategy, these six key facts will guide you toward maximizing your long-term financial health."

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Simple IRAs for Small Businesses

SIMPLE stands for Savings Incentive Match Plan for Employees, and it offers a streamlined way for employers to make contributions for both themselves and their employees. With fewer rules and simpler administration than many other retirement plans, SIMPLE IRAs might be a choice for small businesses looking to provide retirement benefits with minimal hassle.

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The State of Real Estate in 2008

The opening of 2008 brings a new and vibrant market in hard asset investments. Following a year in which many real estate investors have seen decreases in their investments—even from purchases just six months to a year earlier—they contemplate what to do next.

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Can You Consolidate Your IRA Accounts?

Managing multiple Individual Retirement Accounts (IRAs) can be complex, but consolidating them can simplify retirement planning. Mountain West IRA often hears from clients asking if they can combine their IRAs, and the answer is a definite "Yes!" Consolidation offers several benefits, including simplified account management, a cohesive investment strategy, and potential cost savings on fees. The consolidation process involves selecting a provider, deciding which accounts to merge, initiating the transfer, and reviewing investment options post-consolidation. Key considerations include avoiding tax pitfalls, timing the consolidation carefully, and updating beneficiary designations. Mountain West IRA provides guidance through every step of this process, helping clients streamline their retirement savings. For personalized advice, consulting with a financial advisor is recommended.

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What is a SIMPLE IRA and Who Is It For?

Discover the advantages of a SIMPLE IRA (Savings Incentive Match Plan for Employees Individual Retirement Account), a retirement savings plan tailored for small businesses and self-employed individuals. This blog post delves into how a SIMPLE IRA offers an easy and cost-effective solution for both employers and employees to contribute to individual retirement accounts. Learn about its benefits, contribution limits, and how it simplifies the process of securing a financially stable future for your team and yourself.

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Best Insights on IRAs

The opening of 2008 brings a new and vibrant market in hard asset investments. Following a year in which many real estate investors have seen decreases in their investments.

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Simple IRAs for Small Businesses

Employer-sponsored plans often contain many rules that can be confusing for both employers and employees of a small business.

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Mountain West IRA Announces Major Expansion for 2014

Mountain West IRA will be expanding our business to the states of Washington and Florida.

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Navigating the Pitfalls of Excess IRA Contributions: What You Need to Know

This blog provides essential guidance on managing Individual Retirement Account (IRA) contributions to avoid costly mistakes. Excess contributions, which exceed IRS limits, can incur significant penalties. For instance, in 2024, individuals under 50 can contribute up to $7,000. Excess contributions may arise from contributing to a Roth IRA above income limits or making ineligible rollovers. The IRS imposes a 6% annual tax on excess amounts until corrected, typically by October 15 of the following year. Options post-deadline include withdrawals with penalties or applying excess amounts to future contributions. Proper management and timely corrections are crucial for optimizing retirement savings and avoiding financial penalties.

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Who is Eligible to Set up an IRA Account?

This blog provides a comprehensive overview of who is eligible to set up an Individual Retirement Account (IRA), highlighting key eligibility criteria such as age, income requirements, and tax filing status. It emphasizes the flexibility and benefits of both Traditional and Roth IRAs for various groups, including young professionals, self-employed individuals, and those seeking tax advantages or additional retirement savings options. The blog encourages readers to consider IRAs as a powerful tool in their retirement planning, suggesting consultation with a financial advisor to tailor decisions to individual financial situations.

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Video Library

What are SEP & SIMPLE IRA's?

What are SEP & SIMPLE IRA's? We discuss the difference between the two, who they would most benefit, and what the rules are for both SEP & SIMPLE IRA accounts.

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How to Own Cryptocurrency in your Self-Directed IRA

Can I Invest in Cryptocurrency like Bitcoin in my IRA?

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Can I Invest in Bitcoin in my IRA?

Can I Invest in bitcoin in my IRA? Retirement accounts like IRAs, either tax-deferred or even tax-free, are extremely powerful investment tools!

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Frequently Asked Questions

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