Click here to download → Contribution Limits
The Mountain West IRA Individual 401(k) Retirement Plan is a defined contribution plan for businesses that employ only the owners, their spouses, and partners.
In some plans, including individual 401(k), business owners can make both employee deferrals and employer contributions.
The Mountain West IRA self-directed individual 401(k) retirement plan is offered both with and without a Roth option, which permits after-tax deferrals into the plan.
If you currently have an individual 401(k) and wish to self-direct your funds into alternative investments, you can easily transfer or rollover the funds to Mountain West IRA by opening an individual 401(k) plan.
You are a sole proprietor with no employees other than your spouse, partner(s), and their spouses. The plan trustee and administrator of the plan is simply the business owner, their spouse, or a partner. However, a designated third party works as well.
You are looking for the largest potential contribution for a business without common law employees.You want to purchase leveraged real estate in your plan and wish to avoid UDFI (Unrelated Debt Financed Income Tax).
You want the capability of borrowing from your plan.
Click here to download → Individual 401(k) Loan Application & Note
Click here to download → Individual 401(k) Loan Policies & Procedures
Gold Bars:
They must have a purity of 24 karat (0.995+ fineness). These bars come in 1 oz., 10 oz., 1 kilo (32.15 oz.), 100 oz., and 400 oz. sizes.
Gold Coins:
They must have a purity of 24 karat (0.9999 fineness), with the exception of the 22 karat U.S. Gold Eagle.
Silver Coins & Bars:
They must have a 0.999+ fineness, like the 1 oz. U.S. Silver Eagle. You can purchase 100 oz. silver bars and also 1000 oz. silver bars. Pre-1965 bags of US silver coins (dimes, quarters, half dollars, and silver dollars) are not allowed in an IRA because their alloy contains only 90% silver.
Platinum/Palladium Bars & Coins:
They must have a 0.9995+ fineness, however, private companies who manufacture platinum and palladium bars ranging in size from 1 oz. to 100 oz. with well-established hallmarks, are acceptable as well. Both the U.S. and Canadian mints make 1 oz. platinum coins meeting these standards. Other countries, such as Great Britain and Australia, have 1 oz. platinum coins, which are not as well-known but are also acceptable.
Currency:
Iraqi Dinar, Vietnamese Dong, Zimbabwe Dollar. All currencies must be purchased from a dealer.
Precious metals can be held in your IRA in the form of physical (allocated or unallocated) gold and silver bullion, coins from specified countries, and certificates.
Allocated or segregated storage only applies to gold bars 10 oz. or greater and it ensures that the bars are kept separate from the other metals in the depository’s vault.
Bars are identified by size, refinery, and serial number (for example: 100 oz. PAMP Swiss gold bar SN#35427681).
When the metal is distributed from the depository, it will be the exact same bar that was originally deposited. With unallocated or unsegregated storage, the metals are commingled in a depository metal account.
Bars are identified by size/weight and refinery (for example, a 100 oz. JM silver bar). When the metal is distributed from the depository, it will be the same size bar, from the same refiner as the bar that was originally deposited.
Coins are identified by type and year minted (for example, a 1992 American Silver Eagle).
When the coin is distributed from the depository, it will be the same year coin as the coin that was originally deposited.
No, this is considered a prohibited transaction because you are a disqualified person.
Click here to download → Contribution Limits
The Mountain West IRA Individual 401(k) Retirement Plan is a defined contribution plan for businesses that employ only the owners, their spouses, and partners.
In some plans, including individual 401(k), business owners can make both employee deferrals and employer contributions.
The Mountain West IRA self-directed individual 401(k) retirement plan is offered both with and without a Roth option, which permits after-tax deferrals into the plan.
If you currently have an individual 401(k) and wish to self-direct your funds into alternative investments, you can easily transfer or rollover the funds to Mountain West IRA by opening an individual 401(k) plan.
You are a sole proprietor with no employees other than your spouse, partner(s), and their spouses. The plan trustee and administrator of the plan is simply the business owner, their spouse, or a partner. However, a designated third party works as well.
You are looking for the largest potential contribution for a business without common law employees.You want to purchase leveraged real estate in your plan and wish to avoid UDFI (Unrelated Debt Financed Income Tax).
You want the capability of borrowing from your plan.
Click here to download → Individual 401(k) Loan Application & Note
Click here to download → Individual 401(k) Loan Policies & Procedures