With standard retirement options becoming difficult, many people are turning to gold IRAs as an alternative. In this review, we'll cover all the information about Lexi Capital and whether the company is a good fit for your gold IRA investment plans.
What is Lexi Capital?
Lexi Capital was started by two young entrepreneurs in 2010 while working on a business plan as part of a UCLA class assignment. They wanted to assist retirement investors in navigating the volatile gold and silver markets and transformed that winning plan into Lexi Capital.
The North Carolina-based company has made silver and gold IRA investments simple. With its Gold Assurance Plan, Lexi Capital helps clients minimize risk when initially purchasing gold or silver by preventing short-term price volatility. With its exchange and return policies, the company protects investors worried about making a mistake when buying gold for their IRAs. Its Gold Assurance Program shields gold investors from price drops for up to six months after they purchase gold.
Before we continue...
We have worked very hard to review, research and reveal the most important pieces of information that investors need to know before investing their money. We have been able to narrow a list down to the top 5 gold IRA companies.
I recommend you check the list before proceeding with any IRA transfer.
Quick answer: Augusta Precious Metals is our #1 recommendation for multiple reasons, including their
A+ BBB rating, thousands of top rankings, and Money magazine’s selection of them as “Best Gold IRA Company.” PLUS, they will pay all custodial and storage fees for up to 10 years!
Lexi Capital Ratings, Complaints, and Customer Reviews
With scams and frauds are prevalent in the gold IRA industry, working with a business with a stellar reputation is crucial. Several recognized organizations have given Lexi Capital top marks and provided references.
Although there weren't many customer reviews for Lexi Capital, most were favorable. In reviews on Yelp, TrustLink, and Google, customers mention receiving a high level of education from the company’s gold IRA specialists. One customer complained about the repricing policy and the wait time for a callback regarding an order.
What services does Lexi Capital offer customers?
Silver and gold are the only precious metals that Lexi Capital offers. Self-directed IRAs are available. The company specializes in setting up Silver and Gold IRAs, and Gold IRA rollovers.
You may also make additional investments in your account, such as:
Lexi Capital works with STRATA Trust, a well-known and trustworthy Gold IRA custodian.
It is best for investors to be informed so that they can avoid mistakes and reduce the chance of losing their hard-earned money. By offering up-to-date market information and guidance on investments and protecting one's wealth, Lexi Capital assists their investors in making well-informed decisions.
Options are important, and Lexi Capital is aware of this. The business provides a range of products for investment such as vintage coins, new edition coins, numismatics, and many other options.
They have a skilled and welcoming team to give you all the information required. You can get in touch for assistance by phone or email, and expect a prompt response.
For retirement savings, both silver and gold are typically good choices for diversification. However, the cost of precious metals is subject to frequent fluctuations. This is where Lexi Capital’s Gold Assurance Plan benefits investors by safeguarding their IRA accounts against unforeseen economic and geopolitical events.
What does Lexi Capital offer that its competitors don't?
One of Lexi Capital's most outstanding features, the Gold Assurance Plan, serves as a point of differentiation for the business. Price protection is offered to investors under the plan for up to $500 for each ounce of silver and gold coins for six months. The inclusion of bullion products is subject to an additional charge.
You can choose the best investments for your retirement by understanding the specifics of silver and gold investments. Short-term price fluctuations are addressed by Lexi Capital, which also offers investors more investment opportunities.
They provide enough information on market reports and share investment wisdom in precious metals for newbie investors. They also reward customers who open IRA accounts or switch from 401(k) plans (k).
What are the fees at Lexi Capital?
Opening a new IRA account with Lexi Capital is free of charge. With its minimum investment requirement of $1,500, it is a good option for people looking to diversify their portfolios or for new investors who want to take small steps. Orders under $15,000 are charged a shipping fee of $14.95.
The annual account management fees for investments of $50,000 or less are $285 in the first year and $180 in subsequent years. Lexi Capital does not impose an annual account management fee for higher investments ($50,000 and up).
Orders paid for with cashier's checks, wire transfers, and cash receive a 3% discount from the financial institution.
Can you trust Lexi Capital?
Most reviews online are excellent, and the customers are happy with the support. The Better Business Bureau and BCA have given the business excellent ratings. In addition to phone and email contact options, Lexi Capital's website has a comprehensive section devoted to frequently asked questions.
Lexi Capital is one of the top Gold IRAs in the country. Their Gold Assurance Plan is really remarkable, giving investors stock market volatility protection, global instability protection, and price protection – you can retire whenever and however you like. There is no doubt that Lexi Capital has a solid history.
PROs and CONs of Lexi Capital
Also read: What is a Gold IRA Rollover, Gold IRA Statistics, Gold IRA vs Physical Gold, Goldco vs Augusta Precious Metals
Yes. All products Lexi sells, including all bullion and certified coins, come with a refund, return, or exchange policy. This privilege is only valid for three days after the client receives their products. Only customers who contact the Customer Service Department by phone within three days of receiving their merchandise and maintaining it in its original packaging are eligible for a refund, return, or exchange. Additionally, you have to phone the customer service team who will provide instructions on how you can return the products.
There is a short application process to open a gold IRA with Lexi Capital. Company representatives claim these accounts are fully set up and bankrolled in seven to ten days.
You must apply online to open a gold IRA with Lexi Capital. To do this, you'll need details concerning your other investments, such as your IRAs, 401(k), etc. You will also need to know who is responsible for managing the plan if you intend to roll over funds from one of these.
You'll then pay to support your account. You have three options for paying for it: cash, check, or a rollover from a current retirement account.
Each new investor receives a professional portfolio analysis from Lexi Capital. The advisor will discuss your current investment portfolio and how gold and silver investments can accommodate it.
You will then purchase the gold and silver and keep them in your IRA. According to IRS regulations, few metals are allowed for purchase.
Your metals are delivered wherever you want: your residence or the secure storage facility operated by Lexi Capital.
In terms of distributions, your gold IRA follows the same rules as other retirement accounts. Nevertheless, taking money out before you turn 59.5 years old carries a 10% fine. Taxes on income may also apply to the withdrawal.
You can withdraw the money after you fill out an IRA withdrawal form with the requested amount and your justification. Or you can file a request through your account online dashboard.
Any investment you make for yourself can be delivered right to your house for storage. Shipping is free for all new customers. It is a nice bonus not offered by most businesses specializing in Gold IRAs. IRS-approved trustees can hold gold IRA assets.