Traditional IRA

Know the Facts on a GuideStone® Traditional IRA

Why should I consider a Traditional IRA?

  • If you expect to retire in a lower tax bracket
  • If you want to invest more than your employer’s retirement plan allows
  • If you want to open an IRA for your spouse or family member

What are the potential advantages of a Traditional IRA?

  • Earnings accumulate tax-deferred.
  • Contributions may qualify as tax-deductible. (See your contribution and deductibility limits.)
  • Participants who are age 50 or older have expanded contribution limits.
  • Contributions may be made for spouses, even if they have no income.
  • Assets can be invested in our award-winning,1 faith-based Funds.

Learn more about our investment industry recognition as a Lipper Fund Award recipient from Refinitiv.

Who is eligible to contribute?

  • Must have U.S. taxable earned income
  • Must be within IRS income limits for the current tax year

How much can I contribute to my Traditional IRA?

  • If you’re under age 50, you can contribute up to $6,000 annually.*
  • If you’re age 50 or older, you can contribute up to $7,000 annually.*

*Or your annual household income, whichever is less. Based on IRS contribution limits.

What are the potential limitations on withdrawals?

You may choose to take penalty-free withdrawals from your Traditional IRA after age 59½ but must begin taking them by age 72. In either case, there are no penalties imposed, but federal income tax will apply to withdrawals (except for the return of non-deductible contributions).

In addition, any withdrawals made prior to age 59½ are subject to a 10% penalty, except in the following circumstances:

  • Higher education expenses for you or your immediate family members
  • First-time home purchase expenses to buy or build a first home for yourself or your parents, children or grandchildren ($10,000 lifetime maximum)
  • Death or disability
  • Certain medical expenses (or health insurance premiums due to unemployment)

How do I start an online application?

Open an account

Can I print an application?
Download, print and complete a Traditional IRA application

Please review the following information:
Traditional IRA Disclosure Statement 
Traditional IRA Custodial Agreement 
Privacy Notice

What if I would like to complete a rollover or transfer of assets?

Complete and submit this form to perform a direct rollover or transfer of assets:
Traditional IRA Transfer of Assets/Direct Rollover Form

Complete and submit this form to perform an indirect rollover:
Traditional IRA Rollover Certification Form

Where should I mail the completed application?

First-Class Mail® address:
GuideStone Funds
P.O. Box 9834
Providence, RI 02940-8034

Overnight express address:
GuideStone Funds
c/o BNY Mellon Investment Servicing (US) Inc.
4400 Computer Drive
Westborough, MA 01581-1722

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