Does the CARES Act affect Required Minimum Distributions (RMD) out of my retirement plan or IRA?

The CARES Act, passed on March 27, 2020, suspended the RMD requirement for 2020.

As long as you do not have a RMD systematic withdrawal plan set up, GuideStone will not automatically send your 2020 RMD payment to you at the end of the year. If you are at RMD age and would still like to receive a distribution in 2020 as part of your normal taxable income, you may complete a withdrawal online through your MyGuideStone account or by contacting Customer Solutions. For information on how to complete an online withdrawal click here

If you do have a RMD systematic withdrawal plan established on your account, GuideStone will continue to send your monthly or annual payments unless you request for us to cancel these payments for 2020. If you would like to skip these systematic payments for 2020, you may do so by contacting Customer Solutions.

If you have already received RMD payments in the past 60 days for the year 2020 and would like to return the funds to your account, you may be eligible to roll the money back to GuideStone by mailing a completed Inbound Rollover form and a check made payable to GuideStone.

If you have questions or need our assistance please contact Customer Solutions at 1-888-984-8433 or by email at info@guidestone.org.

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