Retirement Accounts

Mountain West IRA's Retirement Accounts cater to diverse retirement needs, providing a range of account options and investment choices to help individuals achieve their financial objectives and secure a rewarding retirement.

Forms and Documents

Blog Articles

Understanding the New Changes to Required Minimum Distributions for Designated Roth Retirement Accounts

In the realm of retirement planning, a significant shift is underway: starting in 2024, Required Minimum Distributions (RMDs) will no longer apply to designated Roth accounts in employer-sponsored plans. RMDs, mandatory withdrawals from retirement accounts like IRAs and 401(k)s upon reaching a certain age, were meant to ensure timely use of savings in retirement. This change, increasing the age threshold to 73 for those affected after December 31, 2022, marks a pivotal regulatory update offering retirees enhanced financial autonomy. Learn more about this transformative development and its implications for retirement planning.

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How to Correct a Missed RMD

Required Minimum Distributions (RMDs) are pivotal in retirement planning, ensuring individuals withdraw a minimum annually from their accounts, starting at age 73. However, missing an RMD can lead to penalties. If overlooked, individuals must promptly withdraw the missed amount to avoid a 25% excess accumulation penalty tax from the IRS. Correcting this error swiftly can reduce the penalty to 10%, a welcome change from the previous 50% penalty prior to 2023. Understanding these rules is crucial for maintaining compliance and maximizing retirement savings.

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Financial Secrets From Expert Savers

There seems to always be those people who are great at saving.

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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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5 Retirement Planning Mistakes To Avoid

Navigating the retirement planning waters can be tricky, especially with advice coming from all directions.

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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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Meet with our team to explore your personalized journey of building wealth through investing in real estate, promissory notes, precious metals, and other assets using your retirement fund.

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