Lear Capital Gold IRAs Review

Lear Capital has a 23-year history of providing precious metal investment opportunities to customers. To date, they have performed over $3 billion in transactions. The company offers a wide variety of investment opportunities, including both IRS-eligible 401K accounts and self-storage options. Customers may invest in gold or silver through Lear Capital. They can purchase both precious metal bullion and coins. Numismatists may also find Lear's collection of rare and historic coins of interest. Lear Capital earns high marks from Trust Pilot and the BBB.

To start a precious metal IRA account with Lear, you can either roll over an existing 401K account or fund a new account. The process is completed by phone but once your account is open you can purchase additional gold and silver and manage your account online.

Lear Capital provides a number of resources for investors seeking to learn more about precious metal investing. Their Smart Suite Tools feature can help investors calculate how much they need to save for retirement while taking into account. They also offer an RMD (Required Minimum Distribution) calculator that shows you how much you will need to withdraw from your IRA once you retire to be in compliance with IRS regulations. Real-time spot pricing on gold and silver and historic price charts are also available through Lear's Smart Suite Tool.

Screenshot from learcapital.com, 7/12/2020

As a Lear Capital account holder, you can set up customized emailed price alerts so you don't miss an opportunity to buy or sell when the time is right. You decide which metals you wish to track and the frequency of your alerts. If you'd rather take a more laid-back approach, you can also sign up for Lear Capital's monthly newsletter that covers pricing news and issues related to the precious metals market.

To invest with Lear Capital, you must make a minimum deposit of $7500. This is a considerably smaller sum than other precious metal IRA companies require. That makes Lear Capital a good choice for beginning investors or cautious investors who want to test the waters before committing to a large precious metal purchase. Lear Capital's initial flat fee of $160 is also competitive.

We noted two stand-out details of how Lear Capital conducts business that we liked. They were the only company we found that makes its actual transaction agreement available for download on its site. We also favor the company's privacy policy, wherein Lear Capital commits to not selling your data once you provide it to them. Some competitors tie just getting in contact with them to the risk of being inundated by marketing messages from all kinds of industries. And in a world where we're already bombarded with sales pitches every day, few people would willingly sign up for that particular headache.

If you're not in a hurry to open an account, we also recommend checking Lear Capital's website periodically to check what kind of incentives they may be offering. You can also sign up for email alerts when their incentive offers change.