Has anyone closed a Lending Club Roth IRA?

[qval]

I'm wondering how it works. Do I need to sell all the notes and then transfer the cash to another roth IRA (at vanguard e.g.). Is there another way?

I feel like what LC wants is me to keep the account open forever, or to withdraw to a cash account each time I want the money. But I'm not 55 yet :)

Any body dealt with this? How did you do it? How are you planning on doing it? I feel like LC is very difficult to get out of...

[forummm]

Generally you don't close Roths--you roll them over to another Roth account (unless you are closing it because you've withdrawn all the money because you are retired). So what you would do is open a Roth at Vanguard, cash out your LC investments (however that's done--I don't use LC) but leaving cash in your LC Roth, and have Vanguard bring the money over to your new Vanguard Roth. Vanguard will do the request for you from LC and handle the transfer.

[qval]

I looked at it a bit more, and the IRA  situation requires lending club to send money to Self Directed IRA Services, the firm that holds the LC IRA monies. I'm not sure exactly what that means, but I think I need to get SDIRA to take that money and send it to Vanguard FBO: me.

Cashing out will be one headache, and the rest will be only slightly less quick and easy as  typical IRA to IRA or 401k to IRA transfer (I think)...