Roth IRA
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Open
Open a Roth IRA
Account application
Use this application to open a Roth IRA.
Complete the Traditional/Roth IRA Application.IRA brochure
Use this brochure to help your client decide which type of IRA best fits their needs.
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For eligibility, funding guidelines and other information about opening a Roth IRA, visit Opening Roth IRAs.
Transfers and rollovers
Transfer of assets or direct rollover
Use this form, along with the application, to open a Roth IRA with a transfer of assets or direct rollover. If requesting a direct rollover, contact the entity holding the assets to determine what additional paperwork and actions may be required to move the assets to American Funds.
Complete the Request for Transfer of Assets or Direct Rollover.
Indirect rollover
Use this form to roll an IRA or qualified plan distribution into a Roth IRA within 60 days of receiving the assets.Complete the Indirect Rollover Request.
For additional information on moving funds, how rollovers may affect your client’s taxes and more, visit the IRA incoming transfer and rollover guide.
Common questions
For 2023, the maximum contribution limit is $6,500 or 100% of taxable compensation, whichever is less. For 2024, the maximum contribution limit is $7,000 or 100% of taxable compensation, whichever is less. IRA owners who are age 50 or older (by the end of the taxable year) can make additional catch-up contributions of up to $1,000 annually.
Investors that meet or exceed the Internal Revenue Service’s (IRS’s) modified adjusted gross income (MAGI) limits are ineligible to make a contribution. Investors under the limit are eligible for a full or partial contribution. Review Compare traditional and Roth IRAs for partial and full contribution income limits.
Tax-filing status
MAGI limit for 2023
MAGI limit for 2024
Single
$153,000 or more
$161,000 or more
Joint
$228,000 or more
$240,000 or more
Married, filing separately*
$10,000 or more
$10,000 or more
* Individuals with this tax status may not make a full contribution to a Roth IRA but can make a partial contribution if their MAGI is under $10,000. For details, refer to IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs).There are many differences between a traditional and Roth IRA. Review Compare traditional and Roth IRAs for eligibility, income limits, deductibility and more. Additionally, you can use the Know your IRA options brochure to help your client decide which type of IRA best fits their needs.
Yes, your client will be charged a $10 setup fee per IRA account type. If the $10 setup fee is not included with the application, Capital Bank and Trust Company (CB&T) will deduct $10 worth of shares from the new account. In addition, there is a $10 annual fee per IRA account type charged each December.
Complete the Roth IRA Request for Conversion along with the Traditional/Roth IRA Application.
Note: The total conversion amount will be taxable unless your client has already paid taxes on some of this amount. Consult a tax advisor if you have questions.
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Update
Update client’s personal information
Update client’s name
Complete this form and submit with supporting documentation. See the form for requirements.
Complete the Name Change Request.Update client’s address
Update the address via the client’s online account. Use the options on the right side of the page.
Note: There is a 10-calendar-day wait to process a distribution to the new address unless the distribution request is submitted in writing with a signature guarantee.
Log in to Client Accounts.
Update client’s contact information
A client’s email address and/or phone number can be updated on DST Vision or by contacting us.
Log in to DST Vision.If your client has experienced a major life event, visit Life events for checklists to assist with account updates they may need to consider.
Add/update client bank accounts
Link a bank account to buy shares
Add/update the bank information via the client’s online account. Use the options on the right side of the page.
Log in to Client Accounts.Link a bank account to sell shares
Use this form.
Note: Unless the form is signature guaranteed, there is a 10-calendar-day wait to process a distribution to the new bank account.
Complete the Add/Update Bank Information form.
Review eligibility, restrictions, requirements and more in Managing client banking information.
Update client beneficiaries
Designate or update IRA beneficiaries
Use this form. Alternatively, your client may be able to make the change by logging in to their account on the investor website.
Complete the IRA Beneficiary Change form.Order the IRA beneficiary designations report
This report lists clients who have either not made a beneficiary designation or not updated their beneficiary designation in the past five years.
Order the report.
Learn about the different types of IRA beneficiary designations.
Common questions
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Transact
Contributions
Make a one-time contribution online
Access the client’s account online and click Buy. Be sure to have the client’s bank account information on hand if it’s not already on file.
Log in to Client Accounts.Make a one-time contribution via check
Checks can be made payable to Capital Bank and Trust (CB&T) and should include the account number and investment instructions. Mail the check to the service center near you.
Find a service center.
Set up automatic investments
Access the client’s account online to add or update an automatic investment plan and click Automatic Transactions.Log in to Client Accounts.
Visit Roth IRA contributions for additional details about contribution limits, deadlines and more.
Distributions
Make a one-time distribution
Funds can be sent via check or by Automated Clearing House (ACH) if the client’s bank account information is already linked. Access the client’s account online and click Sell.
Log in to Client Accounts.Set up automatic distributions
Funds can be sent automatically by setting up an automatic withdrawal plan.
Complete the IRA Automatic Distribution Request.Visit Roth IRA distributions for information on distribution types and options.
Exchanges and rebalances
Complete a one-time exchange or rebalance
A one-time exchange or rebalance can be processed by logging in to Client Accounts and selecting either Exchange or Rebalance.
Log in to Client Accounts.Set up an automatic exchange or rebalance plan
Automatic exchange and rebalance plans can be set up online.
Access the client’s account online to add an automatic exchange or rebalance plan and click Automatic Transactions.
Log in to Client Accounts.Visit Roth IRA exchanges and rebalances for additional details about one-time and automatic exchanges and rebalances.
Rollovers and transfers
Transfer of assets
Use this form to transfer funds from a Roth IRA held elsewhere. Contact the entity holding the assets to determine what additional paperwork and actions may be required to move the assets to American Funds.
Complete the Request for Transfer of Assets or Direct Rollover.Direct rollover
To transfer funds from a qualified plan held elsewhere, you or your client will need to contact the entity holding the assets to determine what paperwork and actions may be required to move the assets to American Funds.
If the resigning trustee will accept our paperwork, complete the Request for Transfer of Assets or Direct Rollover.Indirect rollover
Use this form to roll an IRA or qualified plan distribution to a Roth IRA within 60 days of receiving the assets.
Complete the Indirect Rollover Request.Outgoing transfers and rollovers
Use this form to move assets from a CB&T Roth IRA.
Complete the IRA Rollover/Transfer Request.Visit IRA incoming transfer and rollover guide or IRA outgoing transfer and rollover guide for additional details about transferring assets into or out of a CB&T IRA.
Conversions and recharacterizations
Conversions
Use this form to request a conversion from a traditional or SIMPLE IRA to a Roth IRA. If the Roth IRA does not already exist, include a Traditional/Roth IRA Application.
Complete the Roth IRA Request for Conversion.
Recharacterize an IRA contribution
Use this form to change (recharacterize) the nature of an IRA contribution by moving the contribution plus earnings from one type of IRA to another.
Complete the Traditional and Roth IRA Recharacterization Request.Visit IRA conversions and recharacterizations for guidelines and tax considerations when converting a traditional IRA to a Roth IRA.
Common questions
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Contact us
Have questions or need additional support?
Contact us 8:00 a.m. to 7:00 p.m. ET, Monday through Friday.
For financial professionals only. Not for use with the public.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Use of this website is intended for U.S. residents only.
The guidelines and procedures provided in the Account Resource Center may not apply to networked accounts or accounts not directly held by American Funds. The guidelines and procedures provided also apply only to those retirement accounts or Coverdell ESAs invested in American Funds with Capital Bank and Trust Company (CB&T) as custodian. The guidelines and procedures provided in the Account Resource Center do not apply to plans held in our retirement plan solutions — PlanPremier, PlanPremier-TPA or RecordkeeperDirect. Information on the Account Resource Center may change periodically, and previously printed information may not be current. Please refer to capitalgroup.com for the most current information available.
Financial professionals should always contact their back office to determine if there are any restrictions on the use of American Funds products, tools, services, websites and literature.