Withdraw Funds From American Century Investments: A Step-By-Step Guide

To withdraw money from an American Century Investments® account, you must first log in with your username and password. Then, find the name of the fund and select the Transact dropdown. Finally, follow the prompts to complete your sale. You can also submit a request by mail or phone. Note that there is a minimum redemption amount of $50, and redemptions are subject to a 7-day holding period. Additionally, the IRS has specific rules for retirement account withdrawals, including default withholding rates and tax implications.

Log in to your American Century account

Logging in to your American Century account is a straightforward process. Here's a detailed, step-by-step guide:

Visit the American Century Website:

Go to the official American Century website, which is www.americancentury.com. This is where you will access your account.

Navigate to the Login Page:

Once on the website, look for the "Login" button, usually located at the top right corner of the homepage. Click on it to initiate the login process.

Enter Your Login Credentials:

You will be directed to the login page, where you will need to provide your login credentials, which typically include your username and password. Enter this information accurately and correctly.

Two-Factor Authentication:

American Century may also have additional security measures, such as two-factor authentication. If you have enrolled in this feature, you will need to provide the one-time security code sent to your mobile device or alternative authentication method.

Troubleshooting Login Issues:

If you encounter any issues during the login process, such as a forgotten username or password, American Century provides several options to help you regain access to your account. You can follow the instructions on the login page or contact their customer support for further assistance.

Proceed to Your Account:

Once you have successfully logged in, you will be directed to your account dashboard or homepage. From here, you can navigate to the various sections of your account, such as viewing account balances, conducting transactions, and accessing financial tools and information.

Remember to keep your login credentials secure and confidential. If you are accessing your account from a public or shared device, make sure to log out completely after you are finished. Additionally, ensure that you are visiting the official American Century website and that your internet connection is secure to protect your sensitive financial information.

Select the fund

To take funds out of American Century Investments, you must first select the fund from which you want to withdraw money.

American Century Investments offers a wide range of funds to choose from, including mutual funds, ETFs, and retirement accounts such as Traditional IRAs, Roth IRAs, and Rollover IRAs. You can also invest in specific portfolios, such as the One Choice Portfolios®, or explore solutions for different life events.

Once you have decided on the fund from which you want to withdraw money, you can proceed with the steps to request a withdrawal. You can do this online by logging into your American Century account, or by contacting American Century Investments by mail or phone.

It is important to note that there may be different procedures for withdrawing from different types of accounts, such as retirement accounts, and there may be tax implications for certain withdrawals. Therefore, it is always a good idea to consult with a tax advisor before making any withdrawals.

Select the Transact dropdown

To withdraw money from your American Century Investments account, you must first log in to your account with your User Name and Password.

Next, you should find the name of the fund from which you want to withdraw money.

After that, select the Transact dropdown. This will allow you to follow the prompts to complete your sale.

You can also withdraw money by calling American Century Investments by phone. They are available to assist you by telephone on weekdays from 8 a.m. to 6 p.m. Central time.

Alternatively, you can submit signed detailed instructions by mail or fax.

Follow the prompts to complete your sale

To withdraw money from your American Century Investments® account, log in to your account with your User Name and Password.

Next, find the name of the fund from which you want to withdraw money. Then, select the Transact dropdown and follow the prompts to complete your sale.

You can also request a withdrawal by mail or phone. To do this, you will need to provide a W-4R election using the updated withdrawal forms. You can consult IRS Form W-4R to determine the withholding rate appropriate for your situation.

Choose how to receive the proceeds

When withdrawing money from your American Century Investments account, you can choose to receive the proceeds in the following ways:

• Bank transfer: You can choose to have the proceeds transferred to your bank account via Automated Clearing House (ACH). This option typically takes 2-5 business days.
• Check by mail: You can also opt to receive a check by mail. This option will take 7-10 calendar days, and the check will be payable to all account owners at the mailing address on file.

Please note that the maximum online redemption amount is $25,000. If you wish to redeem a larger amount, you will need to contact American Century Investments by phone. Additionally, online redemptions are not available for IRA Beneficiary, CESA accounts, or workplace plans.

It's important to verify that your bank information is correct before initiating a redemption. Once the funds are transmitted, they cannot be retrieved or recovered, and American Century Investments is not liable for any loss you may incur as a result.

Frequently asked questions