If you have a retirement account such as a 401(k) or 403(b) with a previous employer, you can roll over funds in that account to a LendingClub IRA. Here is how to start the process:
1. Provide LendingClub with rollover instructions:
- New LendingClub IRAs: Instructions for completing your 401(k) rollover are included in the registration process and can be found by logging in to your account.
2. Contact your current 401(k) administrator to initiate the rollover process.
3. Keep in mind that your funds must be in cash before they can be rolled over to a LendingClub account.
Funds rolled over from a 401(k) are typically available to invest 2-3 weeks after the original custodian initiates the rollover.