Welcome to another review from Gold retired. Today we’ll be looking at Mountain West IRA. So, What is Mountain west IRA? What are the products and services it offers? What are the IRAs offered and how much are the IRA fees? Does this company offer storage? Can you sell back to it? How does it compare to our top recommended companies?
Without Further Ado, let’s get started!
Owner: Lisa Galane
Who is it for: People looking to invest in an IRA.
Overall rating: (3 / 5) Not recommended
Important to mention before we go into more details of this review:
We always strongly recommend doing your research online before you choose a company to invest with. There are so many reviews online of clients being ripped off and scammed. The most common way people are getting scammed is through so-called “hidden-fees” so please investigate thoroughly before you make your decision.
With that being said, let´s continue with the review on Mountain West IRA!
What is Mountain West IRA?
Mountain West IRA is a self-directed IRA provider based in Boise Idaho and founded in 2005. This company is owned by Ms. Lisa Galane who also handles customer contact. She used to be a member of the back office investment advisory services of Wells Fargo Bank but left to join Mountain West IRA in 2006.
What are the products and services offered?
Mountain West IRA allows you to invest in:
- Real Estate
- Promissory Notes
- Private placements
- Precious metals ( Mountain west IRA is not a precious metals dealer and it’s up to you to choose the precious metals dealer you’ll be working with )
Click here to check out the Precious Metals fee schedule of Mountain West IRA ( opens in new window )
If you’re going to include Precious metals in your retirement portfolio it’s advised that you work with a company that provides both the precious metals and the IRAs. This way, you can avoid certain problems that can take place and also benefit from services that you won’t be able to find when working with two separate companies.
So, do this company offer IRAs? Yes, they do, it is kind of their main service.
You can easily find the IRAs Mountain West IRA offers on their homepage, here they are:
- Traditional IRA
- Roth IRA
- Simple IRA
- Individual (k) plan
- Health Saving Account
**Want to see what IRA solution I would recommend? Click here
I liked the fact that Mountain West IRA keeps the necessary documents and forms in a dedicated page.
On this page you can find their self-directed IRA starter kit that includes their IRA fees as shown in the screenshot below:
==> Want to take a look at our #1 recommended IRA solution instead? (low one-time flat fee)
Can you store with the company?
Mountain West IRA lets its clients choose their precious metals storage facility, here’s an excerpt from their website that explains this more:
Unlike most self-directed IRA administrators, Mountain West IRA allows you as the IRA holder to choose any precious metals storage facility. The choice is up to you. Please do your due diligence on the depository you choose.
Can you sell back to the company and can you get the precious metals delivered home?
After going through the Mountain West IRA website, I found no information about whether you can sell back to the company or get your precious metals delivered home.
The website also doesn’t include information about the countries Mountain West 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 making a decision, 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 Mountain west IRA:
Rating: NOT accredited by the BBB Click here for more details (opens in new window)
Rating: (3 / 5) Click here for more details (opens in new window) example of negative reviews below:
This company is NOT accredited by the BBB and the only reviews it has are mostly negative. This makes Mountain West IRA fall behind compared to competitors who have thousands of positive reviews as well as accreditation from the BBB.
** See the absolute #1 rated one on this page
Do you Own or Represent Mountain west IRA?
If you are a representative, or associate of Mountain West 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 got the e-mail on the about page.
Final Words and Verdict
Verdict: Not recommended
Overall rating: (3 / 5)
Okay, I think this sums up everything about Mountain West IRA. Although this company has been around for a while now ( more than 13 years ) its reviews are next to none and the ones available are mostly negative.
Honestly, choosing this company over other renowned IRA providers that have been around for much longer and that have positive reviews everywhere won’t be the smartest of moves.
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 a smart person.
I am absolutely sure that you will find the right company that suits your particular needs the best.
I would advise you to compare different alternatives against each other before you make a decision. Below you got my absolute #1 recommended IRA custodian:
That’s all for this short review of Mountain West IRA! Hopefully, you now have an idea about what it is and why you should consider other companies. If you have any questions, remarks or personal experience with this company, share it in the comments below! I really look forward to your input.
See you soon!
Owner of: Gold retired.