Lear Capital Review

Item: Lear Capital
Rating: 4.3
Author: Christopher Horne

Monday, March 27th 2023

When you want to set up an IRA, especially a gold IRA, you want to make sure that you are working with a trustworthy company. There are a lot of companies out there to pick from. Today we are going to tell you about one of your many choices, Lear Capital. With their claim that they help everyone from experienced to novice investors to set up a diverse retirement plan, they might just be the company that you want to turn to. By the end of this review you will have an idea of whether that is true or not.

About Lear Capital

Lear Capital has been in business since 1997 has helped myriads of clients diversifying portfolios into both gold and silver. Unlike some other precious metal IRA companies, Lear Capital not only helps you to set up an IRA backed by metals but they sell precious metals such as palladium, platinum, gold and silver. This allows you to get everything you need to set up your account all in one place.

The company claims that their staff are experts at helping everyone through the process of setting up an account. From the most advanced investors to people who have never even heard the term IRA before.

► Three Different Types of IRAs

You will find that there are three different types of IRAs to invest in for your retirement. Traditional IRAs, Roth IRAs, and Rollover IRAs. Each of these three different types of IRA have a different purpose.

Traditional IRAs: You deposit retirement savings into these IRAs before tax has been taken out and the tax is deferred until you start taking withdrawals.
Roth IRAs: In these IRAs you invest money after it has been taxed so that there is no tax when you withdraw the money.
Rollover IRAs: This kind of IRA account is the result of taking another type of retirement account and moving it into an IRA.

Most people fund their IRAs with stocks that they buy with paper money (aka the money from their paychecks). Despite that being the most common funding method, you are not limited to having stocks in an IRA. They can also be funded by precious metals such as gold, silver, palladium and platinum. Precious metals are a great way to diversify your retirement as they perform really well when the rest of the economy is not.

The process of setting up these accounts is not the same as a traditional IRA. Lear’s job is to help guide you through the process of setting up a precious metal IRA from the beginning to the end.

Lear Capital helps you decide what metal is right, guides you through the set up process, the purchase, and arranges the transfer of your precious metals to a custodian.

How to set up a Gold IRA account with Lear Capital

Step 1: Lear Capital form

The first step to setting up an account with Lear Capital is simple. They have a form on their website to gather your information, you fill that out and they will contact you. By using the form, the company has time to prepare information just for you. Alternatively, you can call Lear Capital and start the process that way. The form tends to be easier though as the form allows them to get all of your information and personalize the contact.

Step 2: Decide on the metal and amount

The second step is to determine what you are going to use to set up your account. There are several options for the precious metals, with gold being the most common of them. You also have to decide how much of the metal you want to invest in. Each metal comes with its own benefits and Lear Capital’s professionals will help you to decide which option is right for you. Gold is the most common investment metal but the other options may be more appropriate for you.

Step 3: Open your account via Lear Capital

The last step is to work with Lear Capital to purchase the precious metals and open the account. They will work with you to finalize the transaction and transfer your precious metals to the appropriate storage facility.
Precious metal IRAs of all kinds require your metals to be stored in an approved facility. This protects your investment through security and insurance.

► Investment Toolkit at Lear Capital

Since Lear Capital opened its doors, the company has been working to make informed investors. To do this they have built up a toolkit for you to learn about retirement savings and precious metal IRAs. The best tool that you have at hand is the personal account representative that works with you to establish your account and keep you informed.

Another great tool they have is market insights, data, and breaking news, all through the Lear Capital website. You won’t have to go searching for all of the information that you need to set up your account. Along with that is coin search tool to help you find what you are looking for. Lastly, you can get price notifications through Lear Capital to know when it is the right time for buying or selling.

► Lear Capital’s Website

Lear Capital’s website is their business face. With COVID and the popularity of connected devices, few people go to a store front right away, if at all anymore. That means the website is key. Lear’s website is exactly what you would expect if you were looking to go to an investing site. The website is easy to navigate, read through, and contains myriads of helpful information.

There is even a Smart Tools Suite that gives you access to many of the tools that Lear Capital has set up to help their investors.

The Main Features:

Silver and Gold Coins Purchase: You can purchase both silver and gold coins directly from the Lear Capital store on their website, at any time of the day and night. Whether you are looking to purchase silver and gold by itself or make an investment, you can use the Lear Capital site.
Gold and Precious Metals IRA Information: Under the tab for gold and precious metal IRAs you can find all of the information you need to know about creating one of these investment accounts. That includes details on the requirements of IRAs and the regulations around them. Being able to stay up to date on the market is essential. With this tab you can do exactly that. Lear Capital posts articles on the state of the gold and silver world around the clock. They also have a listing of real-time values for gold and silver, known as the spot prices.

Other Helpful Website Resources:

The Encyclopedia: You will find detailed information on every aspect of the investing world in the encyclopedia on Lear Capital’s site. From definitions to examples, what you need can be found in there.
Learning Centre: In the learning centre you will find more information on investing in the form of an FAQ. There are also links to some of the many helpful articles that Lear Capital has written on investing.
Video Education Series: You will also find a video series on the Lear Capital site to help you learn. This can be great for those who learn better by watching and listening. You can also find some topics and information that are not available elsewhere.

► Lear Capital Advertising

If you still watch television with commercials you may have noticed Lear Capital’s commercials. They push their precious metal IRAs to the public in over 200 commercials every 30 days. Some label their commercials as aggressive.

The commercials you might have seen represent precious metals as a sure thing. An investment that will get you great returns. Precious metals can do that, but they are just like all other investments. There are points in time where gold and other precious metals do not perform well, they can be volatile just like any other investment.

► Costs with Lear Capital

Buying with Lear Capital can be done via check, money order, credit cards, cashier’s checks, and wire transfers. If you go to the store in person you can also pay with cash. The exact cost of precious metals varies greatly on the metal but also on the current value, checking the Lear Capital website will show you their current prices for each precious metal item they sell.

Shipping is charged on all orders below $10,000 and is completed within 17 business days, if not sooner. Orders over $10,000 ship for free. There is also a $160 yearly fee for precious metal storage and the insurance that comes with it. The rest of the fees depend on the account that you set up and what you have stored in it.

Lear Capital Ratings on Consumer Review Sites

Lear Capital can be found on a number of the customer review sites around the internet. On the Better Business Bureau they have 38 complaints that have been closed, showing that the company is willing to work with clients who may not be happy. All of the claims were reported as being responded to satisfactorily but the chief complaint among those who submitted reports to the BBB was a lack of communication with the company.

The Final Say

In the end, Lear Capital has been around for over twenty years and during that time, they have become a name in he precious metal world. The company has completed over 2 billion dollars in precious metal sales, making it one of the most popular gold IRA companies to choose in America. They also make it easy to manage and have great employees. As a company, they have earned their place in the industry for a reason.

Other Great Gold IRA Deals available for March 2023

Frequently Asked Questions about Lear Capital (FAQ)

Who owns Lear Capital?

Kevin D Demeritt is the founder and chairman of Lear Capital Inc.

Is Lear Capital a real company?

Lear Capital is a real company that has been around for a good amount of time. Like any business, they have had their complaints. What makes the company stand out is that they have worked to correct complaints.

Does Lear Capital have a good reputation?

Lear Capital has an overall good reputation. There have been issues in its past where the company has had complaints but those have been resolved and they still maintain prominency as a large name in the precious metals industry.

Where is the Lear Capital Office?

Lear Capital has offices across the country, take a look at their map: https://www.learcapital.com/local/

How long has Lear Capital Been Around??

Lear Capital was founded in 1997 and has worked with customers to purchase precious metals since then.

What Makes Lear Capital Unique?

Lear Capital’s website with a plethora of information helps to set them apart from the competition. You can find just about anything you want to know about precious metals, IRAs, or how-tos on their site. Not only that, you can buy all of the precious metals you need through them.