Coming on the heels of our recent expansion of services into Florida and Washington, Mountain West IRA is proud to announce the opening of our permanent office in Largo, FL. We are thrilled to better serve the needs of our clients with the opening of our new Florida office. This Southeast Region Grand Opening will be November 1st!
As one of the nation’s leading independent self-directed IRA and 401(k) administration companies, we are proud to expand our services to offer individual and small business owners more options for investing in alternative assets. While our office is growing you can still expect the same industry-leading customer service Mountain West IRA is known for. We remain passionate about helping our clients build wealth through their self-directed retirement plans and can’t wait to get started in Florida.
Our Success is your Gain: Mountain West IRA has more exciting news. For clients on our transaction-free value fee schedule, your account may see lower fees for account sizes of $100,000 and $750,000. There will be no changes under $100,000 or over $750,000. Our fixed asset fee schedule will remain the same. It’s time for you “To build the Ultimate Retirement Machine” and see lower fees.
Jon Galane will be traveling throughout Florida from October 14-November 15, 2013, visiting realtor organizations and meeting with clients. If you would like to schedule an appointment with Jon to set up your self-directed IRA or obtain more information about the benefits of having a self-directed IRA, contact the Mountain West IRA office by phone at 208-377-3311 or email.
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.
Some of the options available for the purchase of real estate investment properties within a self-directed IRA include:
•Domestic or international real estate
•Residential or commercial real estate
•Single family or multi-family units
Use of real estate within your self-directed IRA does have some restrictions. The owner of the self-directed IRA and members of their immediate family cannot personally use or benefit from the real estate. For example, the owner of the self-directed IRA may not purchase an investment property with funds from their self-directed IRA for their child to live in while attending college. Another important guideline to note: money earned from the investment properties must go directly back into the IRA account used to purchase the property and expenses for the property must also be paid from the account.
Although the rules and guidelines for self-directed IRAs may seem confusing at first, the professionals at Mountain West IRA specialize in facilitating the management of self-directed IRAs and are available to guide investors through the process. Contact Mountain West IRA to schedule an informational appointment.