To purchase precious metals or foreign currency in your self-directed IRA, the process is as follows:
You are required to keep one (1) year of depository fees in your IRA upon purchase of an asset.
If you are funding your Mountain West IRA fees from your account keep in mind we will require $500.00 in your account at all times.
You can choose to have a credit card on file with MWIRA for our administration fees as they arise or pay for the transaction fees and a year of record keeping fees in advance, in this case you are not required to have $500 in your IRA.
If you pay your fees by check, you will need to pay for the transaction fees and a year of record keeping fees in advance.
Please submit the Outgoing Wire Instructions Form when sending outgoing funds via wire to purchase Precious Metals.
Get access to the Precious Metals Purchase Kit below.
Download the CNT Depository Election Form.
Download the Money Metals Exchange Election Form.
Download the Individual Safekeeping Account Agreement.
Download the Individual Safekeeping Account Agreement.
Download the Acceptable Precious Metals document at the link provided.
Download the CNT Depository Election Form.
Depository Payment Authorization Letter
The step-by-step instruction sheet is not included with this document.
Complete the fee schedule for Precious Metals.
Incoming Check and Wire Instructions
Complete the Outgoing Wire Instructions Form
Mountain West IRA does not offer investment, tax, financial, or legal advice to clients. Individuals who believe they need advice should consult with the appropriate professional(s) licensed in that area.