Lear Capital Review
Disclaimer: We are supported by our readers. We may receive compensation from links on this page if you use products or services because of our expert recommendations. Please read our Advertising Disclosure.
Lear Capital is a precious metals company that was founded in 1997. The company offers a wide range of products and services for investors who want to invest their money in the precious metals market.
Its precious metals feature popular commodities including gold, silver, and platinum.
The company is certified by the American Numismatic Association as a Certified Precious Metals Dealer. It also offers precious metals storage in its Delaware depository vault. The storage facility meets all domestic requirements for storing precious metal bullion bars and coins.
Lear Capital’s IRA is one of the most popular and well-known gold IRAs on the market today. The account enables you to hold several precious metals like gold bullion bars, coins, and silver bars.
The fees charged by Lear Capital are also very reasonable, making it an attractive option for investors looking to invest in a Gold IRA.
Before we get started:
Inflation and rising interest rates has destroyed many people's savings. Many investors feel defeated and helpless, but you can fight back.
Gold and other precious metals have been used to protect against inflation for thousands of years. And when you hold physical in a tax-protected savings account, it gets even better.
Opening a gold IRA can sound complicated, but it's really not.
That is why we created a list of our most trustworthy investment companies, to make comparing and choosing the company best suited to your needs as easy as possible.
Look to see if the Lear Capital was selected to our "highest recommendation" list this year!
Get a FREE Gold Investing Packet from our #1 recommendation, by clicking the button below:
Protect Your Retirement Savings from Inflation &Taxes!
Table Of Contents
Lear Capital Management Team
Kevin DeMeritt is the founder and chairman of Lear Capital. He has been involved in the precious metals industry for over 25 years. Mr. DeMeritt is an expert in gold, silver, platinum bullion, and other precious metals products such as coins and jewelry.
Kevin has prior experience in international banking that has helped him steer the firm to soaring heights.
Mr. Ohanesian is the CEO and a highly experienced in management and has seen the growth of Bosley, Inc. from a small company to a household name. Ohanesian’s business understanding is vital to the success of Lear Capital as he steers the company’s ship.
Lear Capital Products & Services
Gold IRA Retirement Plans
Lear Capital’s gold IRA investment process is simple and straightforward. First, you set up a self-directed IRA with a custodian. Lear Capital works with several well-known custodians, so you can choose the one that best suits your needs.
Once your account is open, you fund it with cash or roll over funds from an existing retirement account. Then, you decide which precious metals to purchase, and Lear Capital will facilitate the transaction and deliver the metals to a secure storage facility.
You can take physical possession of your metals at any time or leave them stored with Lear Capital. There are low maintenance fees for storing your metals with Lear Capital, and you can sell your metals back to Lear Capital anytime without penalty.
Sale of Coins
The Lear Capital Services include the sale of coins and market charts. The company offers an extensive range of products in this segment, including gold, silver, platinum, and palladium bars, as well as coins.
It also provides bullion rounds, pendants, and medallions. The company’s bars are available in various sizes and designs, such as Classic Round or Rectangle Shape. The company’s coin products include American Eagles, Canadian Maple Leafs, and Australian Kangaroos.
How to convert your 401(k) to Gold Investment with an IRA Rollover?
The first step is to contact the financial institution where your retirement plan is held. You should ask for a copy of the most recent statement and contact anyone at the company who can help you understand how the investment options in your 401(k) plan work.
Once you have this information, it’s time to make an appointment with a tax advisor. The advisor will help you choose between two types of IRA accounts: traditional IRAs and Roth IRAs. If you want to invest in gold, then a Roth IRA is what you will want.
Traditional IRAs require that you have owned a home within five years before opening your account. This means that if you owned a home at age 30 but sold it before age 50, you would not be eligible for a Traditional IRA (though you could still own stocks).
Roth IRAs are an excellent option for investing in gold because they do not require any minimum distributions upon death or disability. However, restrictions exist on who can contribute funds to Roth IRAs – only those who have earned income may contribute.
If you want to convert your 401(k) to Gold Investment with an IRA Rollover, you must first transfer your funds from one retirement account to another. This process is called a rollover and is done using a trustee-to-trustee transfer.
The trustee-to-trustee transfer between two entities: involves the plan administrator and custodian. The two entities work together as partners to ensure that everything goes when it comes time for you to transfer funds from one account to another.
Why a Gold and Precious Metals IRA?
Precious metals are an excellent investment because they are easy to store and trade. They are also a good hedge against inflation and other economic factors. Here are some of the benefits of a precious metals IRA:
What is a Self-Directed IRA?
A self-directed IRA is a retirement account that allows you to invest in the stock market without a financial professional.
You can use this type of IRA to buy stocks, bonds, mutual funds, and other investments. You do not have to pay any fees when you purchase these investments.
You will also be able to set your investments as long as they fall within the IRS rules for what’s allowed in an IRA account.
IRA Eligible Gold & Silver Coins
Gold coins are the most popular type of IRA-eligible gold coins. They come in all shapes, sizes, and weights. In addition to the United States Mint’s gold bullion coins (such as American Eagles), they also feature popular designs from countries worldwide.
The Silver IRA is another kind of IRA that allows you to invest in silver coins like Morgan Dollars or Peace Dollar coins. In addition to being an IRA-eligible investment, silver is also a great way to diversify your portfolio.
The Platinum IRA is another kind of IRA that allows you to invest in platinum bullion coins such as American Eagles and Canadian Maple Leaf bullion coins.
The Keeping You Informed Video Series is a short, easy-to-understand video collection. It is available for customers who want to learn about the various metals and services at Lear Capital.
The video series features experts who share their knowledge on investing, personal finance, and retirement. The videos are short so you can learn something new at each session. The videos are also vital if you are interested in the stock market.
Frequently Asked Questions
What happens in case of theft of precious metals?
Lear Capital is committed to ensuring that your precious metals are kept safe. If anyone attempts to steal or damage your precious metals, they will work with you to ensure that the problem is resolved.
If theft or burglary occurs, the company will file a claim with the insurance company for reimbursement.
Lear Capital Storage Facility
The company’s storage facility is located in Delaware. The vault complies with all the requirements ensuring the safety of your metals.
Does Lear Capital provide certificates or physical metals?
Unlike other companies, Lear Capital allows you to possess physical metals on top of having a possession certificate. You have no cause to worry about as the precious metals storage is a certified facility.
Lear Capital registration process?
Here are the steps to follow to register with the company:
Are there penalties for moving funds?
Yes, there are penalties, but Lear Capital’s partners ensure minimal penalties. You may incur some liabilities if IRA does not receive your check within 60 days or if the rollover period expires without a follow-up.
Complexity of the Investment Process
If you are not an investment expert, the process may be a little hard, and you can tap into professional help. The company’s partners will walk with you on each step, guiding you on what to do.
Length of the Investment Process
Your IRA account should be up and running within 24 hours. Funds transfer may take up to 5 days to complete.
Lear Capital should be your go-to option when in need of precious metals and a good retirement fund. The company has a proficient customer care team that is always ready to attend.
The company’s precious metals are fully insured, guaranteeing you a reimbursement in case of a burglary or theft. You will also be allowed to keep physical metals instead of certificates. Use Leah Capital’s expertise to build yourself an impressive investment portfolio.
Lear Capital is a decent company, they are not a scam, but we do not recommend them. They are not the best choice for gold investments and certainly not the best choice for investors looking to build a precious metals IRA.
There are much better companies to work with that we have researched extensively.
Remember to read our list of the Best Gold Investment Companies to work with, before investing your hard-earned savings!
>> CLICK HERE to read our list of the Top Gold IRA Companies. <<
Or, if you like what you read about Lear Capital, continue to their website below.
Hi, I'm Charles Turner, founder of Turner Investments. I created Turner Investments to provide education and guidance to individuals interested in personal finance.
My goal is to make Turner Investments a valuable resource for anyone looking to learn more about personal finance and make smarter investment decisions.