A Lending Club IRA* allows you to combine the solid returns of an investment in Lending Club Notes with the potential tax advantages of a retirement account.**
Many Lending Club investors choose to open an IRA because of the potential for tax-advantaged earnings and distributions. We offer a variety of tax-advantaged retirement accounts including Roth IRAs, Traditional IRAs, SEP IRAs and Simple IRAs. An investment in Lending Club Notes can offer monthly cash flow, which helps a retirement account grow and can also provide Required Minimum Distribution (RMD) income for investors who have reached retirement age.**
Through a Lending Club IRA, you can place orders for Notes manually or by using Automated Investing. Lending Club’s Automated Investing service offers an easy way to put the cash in a retirement account to work automatically, according to your investment criteria.
* Lending Club’s preferred IRA custodian is Self Directed IRA Services, Inc. (SDIRA), a subsidiary of Horizon Bank.
** Lending Club does not provide investment or tax advice and this information is not intended to be investment or tax advice. Consult a tax advisor or IRS guidelines if you have any questions and to determine any potential tax implications before taking a distribution from your IRA.