Hello and welcome to another review at Gold retired. Today we’ll be discussing another Self-directed IRA provider: Midland IRA. What is Midland IRA about? As always, we’ll be answering all the key questions that’ll cover everything there is to know about this company. What is it about, and how does it work? What are the IRAs offered, and how much are the IRA fees? Plus a lot more details we have in store for you! So without further a due, let’s get started!
Company: Midland IRA
Website: www.midlandira.com
Owner: Dave Owens
Who is it for? People that would like to invest in a self-directed IRA.
Overall rating: (3 / 5) Not recommended
Essential to mention (before we go into more details of this review)
We strongly recommend doing your research online before choosing a company to invest in. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly and compare different alternatives before you make your decision.
One example: 99.9% of companies got “pushy” salespeople trying to stress you into acting fast.
Here is the thing, the #1 Recommended Gold & Silver IRA Dealer on our top-5 list got No-salesy representatives… So they won´t bother or terrorize you with phone calls.
You are an intelligent person, so I am sure that you understand the benefits of dealing with such a company instead, right?
+They got a couple more benefits you might appreciate as much as I do. You will understand yourself once you have visited the page (link) above.
==> See our Top-5 List of Precious Metals IRA Companies on this page <==
With that being said, let´s continue with the review on Midland IRA!
What is Midland IRA?
Based out of Fort Myers, Florida, Midland IRA is a self-directed IRA provider. There are conflicting reports on its date of foundation. The following screenshot from crunchbase.com says it was founded in 2004
But the following exact excerpt from their website says otherwise:
“The existing organization was started in 1974 as an accounting firm on Sanibel Island and has developed into a mid-market company specializing in self-directed IRA administration and 1031 exchange facilitation.
Since 2002, the Midland IRA team has been dedicated to providing the highest level of service in the industry. Our regional offices are staffed with well-trained IRA professionals, many of whom have been awarded Certified IRA Services Professional (CISP) by the American Banking Association’s Institute of Certified Bankers.
Additionally, our 1031 team has facilitated exchanges since 1997.”
As explained in previous reviews, a self-directed IRA allows people to invest in their retirement funds without limitations and flexibility. They can choose when, how, and where they want to do it. They can also select a product to invest in from a myriad of alternative investments offered by Midland IRA. We’ll discuss these later in the review.
Midland IRA offers administrative services, recordkeeping, and education for its clients. It is also a qualified intermediary for 1031 exchanges.
Here are some of their other qualifications, as stated on their website: “We are a member of the Federation of Exchange Accommodators, and we are also a qualified intermediary with staff who are Certified Exchange Specialists® who can expertly facilitate 1031 exchanges.”
The BBB accredits midland IRA, giving it a rating of A.
Now let’s discover exactly what Midland IRA has to offer!
What are the products and services offered?
Midland IRA allows you to invest in:
and other products such as:
- Accounts receivable
- Commercial paper
- Oil and gas options
- Mineral rights
- Equipment leasing
- Structured settlements
- Timberland
- Building bonds
- Limited partnerships
- Rights or warrants
- Tax lien certificates & deed
IRAs offered?
They are easily found on the homepage of their website. Here they are:
- Traditional IRA
- Roth IRA
- SEP IRA
- Simple IRA
- Individual 401(k) Plan
- Education Saving Acct.
- Health Saving Acct.
**Want to see what IRA solution I would recommend if you are looking for Gold & Silver? Click here
IRA fees?
There are many fees to consider that you can look at on their website.
==> Want to take a look at our #1 recommended Gold IRA solution instead? (reviews from most 3rd party customer protection agencies)
Can you store with the company?
Yes, you can! Here’s an excerpt from their website that explains this:
“Midland IRA is equipped to handle all the unique requirements of holding precious metals in your retirement plan. We arrange for storage in a depository, facilitate valuations for IRS reporting, and provide account administration.”
Can you sell back to the company and get the precious metals delivered home?
I looked for the answer to these questions on the Midland IRA website. Sadly, I found no answers.
Countries allowed?
The website also doesn’t include information about the countries Midland IRA allows.
What about online ratings and reviews?
Going through the online reviews and ratings of the company is always a good choice when it comes to assessing the value of its service. Before deciding, it’s crucial to see what the trusted review sites have to say about the company you’re interested in.
Gold retired saves you the effort of going through the top review websites! Here are the ratings and scores of Midland IRA:
Trustlink
Rating: N/A
Yelp
Rating: N/A
Conclusion:
As you can see, there are no reviews about the company. The only ones available are one negative review on BBB and customer complaints.
**Learn about the #1 rated Gold IRA provider on this page
Do you Own or Represent Midland IRA?
If you are a representative or associate of Midland IRA and have found something not to be correct in this review, please, feel free to tell, and I will make sure to update the info on this post. The easiest way to do it is in the comment section below, or else you get the e-mail on the about page.
Final Words and Verdict
Verdict: Legit ( Based on the physical address provided and BBB accreditation )
Overall rating: (3 / 5)
Ok, I think that sums up the overall picture of this company pretty well. Based on all that is said above, I would advise staying away from Midland IRA.
There are companies out there with a lot more reviews. Although they got some technical details and qualifications covered, I wouldn’t risk working with Midland IRA. Here’s a great company you can work with instead (see below)!
What IRA company do we recommend?
You made a wise decision to read this review, and you are an intelligent person. I am sure that you will find the right company that suits your needs the best. I would advise you to compare different alternatives against each other before you decide. Below you got my absolute #1 recommended IRA custodian:
Click here for my #1 recommended IRA solution!
I hope you found this short review of Midland IRA to be helpful, and now you should have a better understanding of what it is and if it is a good alternative for you or not. If you have used any of their services, share your experience in the comment section below, as it can help others. Also, if you got any questions about this review, I will be more than happy to answer them below!
Until the next one,
Michael
Owner of: Gold retired.
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