Are your retirement savings protected enough? Traditional IRAs rely on stocks, bonds, and mutual funds, which have a close relationship with the economy.
When the economy suffers a blow, these accounts diminish in value as well. Nevertheless, precious metals are among the unique assets not affected by economic crises. In fact, their value increases during times of financial uncertainty.
Therefore, many individuals decide to transfer either a part or all their funds from traditional to precious metal IRAs. A precious metal dealer, like Lear Capital, can assist you in the process.
We hope the following Lear Capital review introduces you to the services and benefits of collaborating with this company.
About the Company
Lear Capital has been rated as the leading precious metal dealer in America, offering its services for over two decades since 1997. The vital concern of this provider is the long-term financial security of its clients. These experts help individuals to diversify their portfolios, acquire rare coins, and add bullion to their IRAs.
Lear Capital’s main goal is to provide superior service by assigning a personal account representative to each client and making the transaction process convenient and quick. The Business Consumer Alliance has awarded this company an AAA rating, which verifies its reputation and professionalism.
Precious Metal IRA
A precious metal IRA shares many similarities with an ordinary IRA, but it has a crucial difference. While the former imposes limitations on the assets you can purchase with your retirement funds, the latter allows investors to purchase precious metals, not just stocks and bonds. Consequently, you will be provided with the opportunity to invest in alternative assets.
Lear Capital offers a simple process for setting up a precious metal IRA or conducting a fund rollover. Investors have the option to transfer their entire IRA or just a portion of it into their new self-directed account. This practice is named a direct transfer, which is free of taxes and penalties. No taxes and penalties are charged, as investors will only move their funds from one custodian to another. Find out why self-directed IRAs are the preferred method for investing in alternative assets.
Potential investors will also be informed about the accounts eligible for a rollover, including 401(k), 403(b), TSP, pension plans, etc. A 401(k) account is basically a savings plan that enables employees to invest a portion of their salaries prior to taxes. Over time, it has become an indispensable part of extensive employment packages. In contrast, a 403(b) is another version of the 401(k) reserved for public employees who work in government agencies, public schools, and non-profit organizations.
Both types of accounts have certain limitations considered disadvantageous for investors. Given they rely on paper assets, it’s no wonder they are influenced by the volatility of the economy. Participants have insufficient control over their funds and are limited in terms of investment options. Therefore, savvy investors decide to roll over their funds to a precious metal IRA.
Lear Capital makes the account transfer process uncomplicated and convenient. The first step for individuals is to request a free brochure or get in touch with one of their representatives. Once you gain enough knowledge about their precious metal IRA, it’s time to discuss the metals you wish to include in your account with a member of their team. When the metals finally reach your account, you will be assigned a personal representative to guide you through every step and consult for any future diversification.
Lear Capital Pros
Potential investors are curious about the reasons for investing in this company. Fortunately, Lear Capital provides an array of benefits to customers, including fast transactions, excellent customer support, no penalty charges, knowledge resources, etc. All transactions are performed rapidly without subjecting customers to any hassles.
Another indispensable advantage of Lear Capital is its skilled customer support team. These professionals have insight into all issues and technicalities that might occur during the account setup process. They provide immediate answers to clients’ queries as well. The following link, https://www.huffingtonpost.co.uk/hugh-salmon/the-importance-of-custome_b_6066464.html, elaborates on the importance of customer service.
Furthermore, the specialists employed at Lear Capital help clients avoid tax penalties while making an account transfer by following the guidelines imposed by the IRS. This company strives to make its clients knowledgeable by informing them about their options through the encyclopedia on their website.
Potential Cons
Besides getting familiar with the pros of Lear Capital, investors should get to know the potential cons of teaming up with this provider, which aren’t many. By setting up a precious metal IRA, you will be entering a long-term investment that won’t provide any interest or dividends. These accounts also include some fees for storage and insurance on an annual basis.
The Bottom Line
If looking to avoid economic uncertainty, don’t hesitate to invest in precious metals!