No, this change only impacts the American Express Traditional and Roth IRA products. All other relationships / products are not impacted by this change.

Checks were sent to your mailing address on file between November 17^th- December 31^st, 2025. Please call us for additional assistance.

For any account that has been closed in 2025, a 1099-R and final statements will be sent to the mailing address we have on file. Electronic forms will not be available.

American Express is generally required to apply a 10% federal withholding and any applicable state withholding to deemed distributions unless an alternate election was made prior to the distribution. From November 2024 through November 17, 2025, American Express provided account
owners with information regarding the account closure process including instruction to provide withholding elections. If no alternate instruction was received, required withholding, if applicable, was applied. 

American Express does not endorse any tax planner, but the IRS has a web page that can help you find a tax advisor.