If you decide to take a distribution from your retirement account, you may submit your withdrawal request by logging into your MyGuideStone® account. Once logged in, you will find the online withdrawal tool by following the steps below:
1. Click the “Retirement and Investments” tab.
2. Click the “I want to...” dropdown menu next to your retirement account balance.
3. Select "Make a withdrawal" from dropdown menu.
4. Complete the withdrawal application and then provide your electronic signature.
Important: Please note that the withdrawal amount will be included in your gross income for the current tax year and will be subject to federal and applicable state income taxes. The IRS requires that we withhold 20% of the distributed amount for federal income taxes. If you are under age 59 1/2, there will be an additional 10% early withdrawal penalty that the IRS imposes for early distribution. You will pay this penalty when you file your income taxes for the year; however, you can request additional withholding at the time of distribution, and this will be sent to the IRS along with the federal income tax.
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