A LendingClub IRA* allows you to combine the solid returns of an investment in LendingClub Notes with the potential tax advantages of a retirement account.**
Many LendingClub 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 LendingClub 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 LendingClub IRA, you can place orders for Notes manually or by using Automated Investing. LendingClub’s Automated Investing service offers an easy way to put the cash in a retirement account to work automatically, according to your investment criteria.
* LendingClub’s preferred IRA custodian is Self Directed IRA Services, Inc. (SDIRA), a subsidiary of Horizon Bank.
** LendingClub 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.