We often discuss the benefits of investing in p2p lending in a tax advantaged account, but we haven’t covered the actual process in detail. Readers often ask: How do I create a retirement account or rollover an IRA into Lending Club or Prosper? Both Lending Club and Prosper make this process simple and we’ll outline the steps to do this below. For investors looking to open a Lending Club IRA be sure to see if they are offering a current bonus for signup.
Besides rolling over an IRA from a previous employer or rolling over an existing traditional IRA or Roth IRA you can also open a new traditional or Roth IRA directly with Prosper or Lending Club. [Read more…]