Traditional IRA
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Open
Open a traditional IRA
Account application
Use this application to open a traditional 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, deductibility and other information about opening a traditional IRA, visit Opening traditional IRAs.
Rollovers and transfers
Open a traditional IRA with funds from another IRA or retirement plan
Use this form, along with the application, to open an IRA with a transfer of assets or a 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 retirement plan distribution back to an 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
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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 Form.Update client's address
Update the address via the client’s online account. Use the options on the right side of the page.
Note: Unless the form is signature guaranteed, there is a 10-calendar-day wait to process a distribution to the new address.
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 the Add/Update Bank Information 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.
Manage client beneficiaries
Designate or update IRA beneficiaries
Complete the IRA Beneficiary Change 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.
Login to order the IRA 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.
Set up automatic investments
Access the client’s account online to add or update an automatic investment plan and click on Automatic Transactions.
Log in to Client Accounts.Visit Traditional IRA contributions for additional details about contribution maximums, deadlines and more.
Distributions
Make a one-time distribution
Funds can be sent via check or ACH if the client’s bank account information is already linked. The distribution will be reported on Form 1099-R, which will be sent to the client in January of the following calendar year. Access the client’s account online and click Sell.
Log in to Client Accounts.Set up automatic IRA distributions
Funds can be sent automatically by setting up an automatic distribution plan. Distributions are subject to taxes and may be subject to an early distribution penalty if the owner is under the age of 59½.
Complete the IRA Automatic Distribution Request.Make a one-time required minimum distribution (RMD)
An RMD must be taken from traditional IRAs each year once the investor reaches the age of 73. If you already know the RMD amount, you can complete a one-time distribution online. Access the client’s account online and click Sell. Additionally, visit our Required Minimum Distribution (RMD) guide for more information.
Log in to Client Accounts.Set up automatic RMDs
Set up a recurring, automatic withdrawal using this form. Capital Group will calculate the RMD amount each year and distribute the funds based on the selected schedule and send the proceeds via ACH or by check.
Complete the Required Minimum Distribution (RMD) Request.Visit Traditional IRA distributions for additional details about distributions, deadlines and more.
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 the appropriate option: 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 or modified online.
Access the client’s account online to add or update an automatic exchange or rebalance plan and click on Automatic Transactions.
Log in to Client Accounts.
Visit Traditional IRA exchanges and rebalances for additional details about one-time and automatic exchanges and rebalances.
Rollovers and transfers
Transfer of assets
To transfer funds from an IRA held elsewhere, complete this form. 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
Investors can use this form to roll over an IRA or qualified plan distribution back to an IRA within 60 days of receiving the assets. This form should only be used for indirect rollovers.
Complete the Indirect Rollover Request.Transferring or rolling out of American Funds
This form should be used to move assets from a CB&T IRA. This move may be reportable to the IRS.
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 and rolling funds into and out of Capital Group.
Conversions and recharacterizations
Conversions
A conversion is a reportable movement of assets from one type of IRA to a Roth IRA. This form is used 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. There may be tax consequences when converting to a Roth IRA. For more information, consult a tax professional.
Complete the Roth IRA Request for Conversion.
Recharacterize an IRA contribution
An IRA owner can change 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 additional details.
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.