Roth IRA

Know the Facts on a GuideStone® Roth IRA

Why should I consider a Roth IRA?

  • If you expect to retire in a higher tax bracket
  • If you want to invest more than your employer’s retirement plan allows
  • If you want to receive tax-free income during retirement in return for taxed contributions
  • If you want to access contributions without penalty (if certain conditions are met)
  • If you want the ability to make contributions after age 70½
  • If you want to open an IRA for your spouse or family member

What are the potential advantages of a Roth IRA?

  • Contributions are allowed at any age. (See IRS maximum contribution limits.)
  • Qualified distributions are tax-free.
  • Participants over age 50 have expanded contribution limits.
  • No required withdrawals at age 70½.
  • 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
  • No age limit
  • Must be within IRS income limits for the current tax year

How much can I contribute to my Roth 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 income limits for Roth IRA conversions?

There are no Modified Adjusted Gross Income limitations on Roth IRA conversions. This means that many investors who were formerly ineligible to convert a tax-deferred account or Traditional IRA to a Roth IRA may be eligible. To do so, taxes must be paid on any deductible contributions and earnings (taxes must be paid for the tax year that the conversion took place).

Contact GuideStone for more information if you’re interested in converting to a Roth IRA.

What are the potential limitations on withdrawals?

A Roth IRA differs from a Traditional IRA in that you may withdraw your contributions at any time without any tax implications.

However, to avoid penalties and taxes on the withdrawal of earnings, you must own the Roth IRA for at least five years, be age 59½ or older or make a withdrawal for one of the following reasons:

  • First-time home purchase expenses to buy or build a home for yourself or your parents, children or grandchildren ($10,000 lifetime maximum)
  • Death
  • Disability

If the reasons above do not apply, you may avoid the 10% penalty, but taxes on earnings will still apply if you withdraw funds for the following reasons:

  • Higher education expenses for yourself or your immediate family members
  • Certain medical expenses
  • Withdrawals made in equal installments over the account holder’s life expectancy

How do I start an online application?

Open an account

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

Please review the following information:
Roth IRA Disclosure Statement 
Roth IRA Custodial Agreement 
Prospectus
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:
Roth IRA Transfer of Assets/Direct Rollover Form

Complete and submit this form to perform an indirect rollover:
Roth 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

 

Rethink your perspective on faith-based investing.

Leverage the nation's largest faith-based mutual fund family.2

Learn how you can also Do well. Do right. Do MORE.™ Talk with a GuideStone Funds® representative today:

1 The entire GuideStone Funds family won the Lipper Fund Award for 2019 Best Overall Small Company over 3 years (out of 29 eligible as of November 30, 2018). Based on risk-adjusted total return.

2 As of December 31, 2020, GuideStone Funds® has $16.3 billion in assets, which makes GuideStone Funds the nation’s largest faith-based mutual fund family. No other faith-based fund family exceeds GuideStone Funds in asset size.

You should carefully consider the investment objectives, risks, charges and expenses of the GuideStone Funds® before investing. A prospectus with this and other information about the Funds may be obtained by calling 1-888-GS-FUNDS (1-888-473-8637) or downloading one. It should be read carefully before investing.

BNY Mellon Investment Servicing Trust Company serves as IRA custodian.

Investing involves risk, including the potential loss of principal. The Funds may experience negative performance, and past performance does not guarantee future results. There can be no guarantee that any strategy (risk management or otherwise) will be successful.

GuideStone Funds shares are distributed by Foreside Funds Distributors LLC, not an adviser affiliate. Foreside is not a registered investment adviser and does not provide investment advice.

Retail products are made available through GuideStone Financial Services®, member FINRA. For more information about the firm, products and services please review the GuideStone Affiliate Form CRS and visit FINRA's Broker Check.

Be sure to consider all of your available options before rolling over your retirement assets. It is important to consider all of the potential advantages and disadvantages of rolling over your retirement assets to an IRA, including the different investment options that are available to you as well as the services, fees, expenses, withdrawal restrictions and tax consequences of rolling over your assets to an IRA. Other options are available besides rolling over your employer-sponsored retirement plan, including leaving the account with your previous employer. An employer-sponsored retirement plan may offer advantages investors can’t get if they roll the money into an IRA.

The U.S. Lipper Fund Award for Best Overall Small Fund Family is based on a review of 29 fund families for 2019 and based on risk-adjusted performance for the three-year period ended November 30, 2018.

In order to qualify for Lipper’s Overall Small Fund Family Group Award, a fund family will need to have at least three distinct portfolios in each of the following asset classes: equity, bond and mixed-asset. An overall Group Award will be given to the fund family with the lowest average decile ranking of its respective asset class results based on the three-year Consistent Return measure of the eligible funds per asset class and group. The Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure, is calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Lipper Fund Award. The Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. Additional information is available at LipperFundAwards.com.

Group Award Methodology: For the 2019 Lipper Fund Awards from Refinitiv, a small fund family is defined as having assets of $76.8 billion or less.

Lipper Fund Awards from Refinitiv, ©2019 Refinitiv. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution or retransmission of this content without express written permission is prohibited.

The information presented is for informational purposes only and should not be considered legal or tax advice; questions regarding your specific situation should be directed to your legal or tax advisor.