If you’ve been thinking about opening up an IRA account with Lending Club, now is a great time to do so. The company announced yesterday their IRA bonus incentive program for new investments through April 30, 2017. The bonus is up to 3% of your investment. The bonus applies to both new IRA accounts as well as new money added to existing IRA accounts.
Below is the bonus breakdown by investment amount:
Accounts that qualify for this incentive are: Traditional IRA, Roth IRA, SEP IRA or SIMPLE IRA. Investments can come from an annual contribution, a 401k rollover or an IRA transfer. As we’ve discussed in the past, if you plan to invest in Lending Club loans it is best done through a tax advantaged account due to the tax treatment.
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