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Saving for Retirement? Boost Your Returns with a Prosper IRA!

by Prosper on 02/29/12

April 17 is just around the corner! Have you maximized your tax advantages with an Individual Retirement Account this year?

Investing with Prosper.com is now available for Individual Retirement Accounts. If you’re contributing to your Traditional, Roth or SEP-IRA, or plan to open an IRA or 401(k) rollover, check out the Prosper IRA.Prosper.com offers investments in a profitable and proven asset class–diversified portfolios of loans from creditworthy borrowers. Along with best-in-class returns of 10.46%1, here are more reasons to open your IRA for investing with Prosper.com2:

  • Your Prosper returns grow faster with the tax advantages of an IRA.
  • A broadly diversified portfolio of consumer loans helps reduce portfolio volatility.
  • Easy reinvestment through Automated Quick Invest means your returns can compound over time.
  • No fees! Prosper.com will pay all of your first year IRA account fees.3

Open your Prosper IRA today!

Get Help Meeting the IRS Deadline

Prosper.com will assist you with opening your IRA. Call Austin Bryant or Cameron Fleischer toll-free 1 (877) 611-8797 or email IRAservices@prosper.com.

And get the great returns your retirement savings needs!

(1) Seasoned Return calculations represent historical performance data for the Borrower Payment Dependent Notes (“Notes”) issued and sold by Prosper since July 15, 2009. To be included in the calculations, Notes must be associated with a borrower loan originated more than 10 months ago; this calculation uses loans originated through February 28, 2011. Our research shows that Prosper Note returns historically have shown increased stability after they’ve reached ten months of age. For that reason, we provide “Seasoned Returns”, defined as the Return for Notes aged 10 months or more.

To calculate the Return, all payments received on borrower loans, net of principal repayment, credit losses, and servicing costs for such loans, are aggregated and then divided by the average daily amount of aggregate outstanding principal. To annualize this cumulative return, it is divided by the dollar-weighted average age of the loans in days and then multiplied by 365. All calculations were made as of December 31, 2011. Returns have been audited by a 3rd party for all data through September 30, 2011. Seasoned Return is not necessarily indicative of the future performance on any Notes.

(2) A minimum of $5,000 is required to open an Individual Retirement Account for investing with Prosper.com.

(3) Prosper will pay your IRA service fees, which are due to your IRA custodian upon account opening, if your Prosper IRA (i) has an initial balance of $5,000 or more in Prosper Notes within two months of opening, and (ii) maintains this balance throughout the year. Prosper will continue to pay your IRA service fees after the first year if (i) your IRA has an invested balance of $10,000 or more in Prosper Notes as of the first business day immediately after the anniversary date of the opening of your account, and (ii) maintains a balance of at least $10,000 in Prosper Notes throughout the year. An annual fee from your IRA custodian applies to accounts that don’t meet these requirements. Prosper reserves the right to modify or discontinue this offer at any time.


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7 Responses


robert rymer | March 22nd, 2012 at 7:26 am

I have a Roth 401K and am interested in rolling it over to prosper. Is that possible?
Thank you


Bob | April 2nd, 2012 at 6:58 am

I have some money invested with Prosper but was wondering if Prosper has a system in place for a retired person to receive monthly income from their investment. I’m 72 and only have $2,000 invested but would invest a lot more if I could figure out how to generate a monthly income or even one that paid out quarterly. I’m not looking for an exact amount paid out but whatever the profit was for that time.


Matt | April 25th, 2012 at 10:29 am

If I start a prosper IRA is there a way that the payments recieved from my notes can automatically go into the IRA?


Prosper Blog | May 2nd, 2012 at 3:43 pm

@Matt Thanks for your interest in our IRA product.
Unfortunately notes in your personal Prosper account cannot be carried over into your Prosper IRA account.
You can find more details on this product here; http://www.prosper.com/prm/ira.html.


small business loans texas | June 6th, 2012 at 7:28 am

To annualize this cumulative return, it is divided by the dollar-weighted average age of the loans in days and then multiplied by 365.


Mat Ericcson | June 14th, 2012 at 2:03 am

What is the best way to slowly invest over time?


Prosper Blog | June 14th, 2012 at 1:48 pm

@Mat Great question!

You can easily invest over time and create a reinvestment cycle with Prosper.com’s online tools.

1) Recurring Transfers – Click on Transfer Funds to set up weekly or monthly transfers from your bank to your Prosper account.
2) Quick Invest – Select your criteria, and Quick Invest will find loans that match.
3) Automate! – Quick Invest can also automate the investment of your regular cash transfers and payments you receive.

Then you can just sit back and watch your Prosper account grow!

Thanks for writing in.


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Notice: Blogs and other materials posted on or linked from this page that use the name "Prosper" generally use that name to refer to Prosper Marketplace, Inc. if published before January 31, 2013 and to refer to Prosper Funding LLC if published on or after February 1, 2013.