How do you combine retirement accounts?

A Step-by-Step Rollover Guide

A direct rollover is the simplest way to consolidate your retirement assets into a single account, without incurring penalties or taxes. These assets can include an old employer-sponsored retirement account, such as a 401(k) or 403(b), or an Individual Retirement Account (IRA). By bringing all your retirement savings to one place, it may be easier for you to manage your accounts and monitor your progress.

Is a rollover right for you?

As you consider this investment decision, it’s important to consider all your options:

1. Roll over to your GuideStone^® retirement plan.
If your employer offers a GuideStone retirement plan, you may be eligible to bring your previous retirement account(s) with you and take advantage of:

• Continued tax-deferred growth on savings
• Portfolio diversification through GuideStone investment options
• Simplified asset management through consolidation to a single account
• Extensive retirement and investment educational resources
• Exclusion of eligible distributions from taxes for ministers under the minister’s housing allowance

2. Roll over to a new or existing GuideStone IRA.
If your employer does not offer a GuideStone retirement plan, or if an IRA is a better fit for you, moving your previous retirement account(s) to a GuideStone IRA will provide you with:

• Advantageous tax benefits
• Traditional IRA contributions are generally tax-deductible
• Roth IRA withdrawals are tax-free at retirement for eligible contributions
• Portfolio diversification through GuideStone investment options
• Simplified asset management through consolidation to GuideStone

3. Maintain the retirement plan with your former employer.
If you are able to leave your money in your former employer’s retirement plan, it may offer you a variety of benefits, including:

• Investment options that may not be available through GuideStone
• Option to roll over in the future following additional research

It’s important to note that not all employers allow former employees to utilize their employer-sponsored retirement plans. We can help you evaluate your options before making a decision about consolidating your retirement accounts.

What you should ask yourself before combining retirement accounts:

• Will I have access to financial advice and education?
• Will the provider offer enough investment options to appropriately diversify my portfolio?
• Will the provider help simplify my asset management?
• How much do my investments cost, and what does my advisor earn?
• What are my distribution options?

Why roll over with GuideStone?

• Take advantage of industry-recognized, Christian investments.
• Exclude eligible distributions from your taxes under the minister's housing allowance.
• Establish a simple solution to managing multiple accounts.
• Access to a wide range of investment options.
• Work with a trusted provider with more than a century of trusted service.
• Pay no taxes on eligible consolidations.
• Potentially access a lower-expense solution.
• Receive fund allocation guidance on your assets.
• Pay no commission, transaction or wrap fees to open and maintain a GuideStone account.

Complete your rollover in three easy steps:

1. Use our online retirement account rollover tool for step-by-step assistance in completing your rollover form.
2. Scan and email the form to Rollovers@GuideStone.org. Or, print, sign and mail your rollover paperwork to the address on the form.
3. Contact your current retirement plan or IRA provider to see if they require additional paperwork.*

Roll over to GuideStone today!

If you have questions or need additional assistance, you may reach a customer solutions specialist by calling 1-888-98-GUIDE (1-888-984-8433), Monday through Friday, from 7 a.m. to 6 p.m. CT.

*This information should not be considered tax or legal advice. GuideStone stands ready to assist your organization as you work with your legal and tax advisers by providing resource information that you and your adviser may find beneficial.