Invest Your Refund, Increase Your Retirement Funds With a State Farm® Individual Retirement Account (IRA)
A little planning at tax time may make a big difference in your retirement. Whether you're looking to invest your tax refund for the future, or to reduce your taxes for 2014, now is the time to talk with your State Farm agent about a State Farm IRA.
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Invest your Tax Refund
A tax refund is an opportunity to take money you probably didn't even know you had and use it for an investment in the future. Investing your refund in a State Farm IRA lets you accumulate earnings on a tax-deferred basis. Your State Farm agent can provide the support you're looking for when choosing the IRA that's right for your individual needs.
Lower Your 2014 Tax Bill
Besides adding to your retirement income, contributing to a State Farm Traditional IRA before April 15, 2015 may lower your 2014 federal tax bill. You won't pay federal income tax on earnings or contributions until you begin withdrawing, usually after you retire and are possibly in a lower tax bracket.
Special Offers on TurboTax® 2014
Get FREE TurboTax Deluxe Online (federal and state) if you're a State Farm Bank® or State Farm Mutual Funds® customer. Others can save up to $20 on TurboTax federal products!
A 10 percent tax penalty may apply for withdrawals from tax-qualified products before age 59 1/2.
For Traditional IRAs, deductibility of contributions affected by participation in Employer retirement plan. Roth IRA has income phase out limits.
Customers must have at least one State Farm Bank online or Mutual Fund account. Offer valid for the first 25,000 qualified customers who register through State Farm to use TurboTax Online. State filing charges apply. Limited time offer for TurboTax 2014. Terms, conditions, features, availability, pricing, fees, service and support options subject to change without notice. TurboTax is a registered trademark of Intuit, Inc. in the United States and other countries. Tax services are provided solely by Intuit and not by State Farm. State Farm assumes no liability or responsibility whatsoever for the accuracy, quality, timeliness or functioning of these tax services, nor for any guarantees made by Intuit – liability and responsibility for these matters reside solely with Intuit.
Securities issued by State Farm VP Management Corp. For more information, call 1-800-447-4930. Securities are not FDIC insured, are not bank guaranteed and are subject to investment risk, including possible loss of principal. State Farm VP Management Corp. is a separate entity from those State Farm entities which provide banking and insurance products. Neither State Farm nor its agents provide investment, tax, or legal advice.
Bank deposit products are issued by State Farm Bank, F.S.B., Bloomington, Illinois, Member FDIC and Equal Housing Lender. Insurance and securities products offered by affiliate companies of State Farm Bank are not FDIC insured, not a State Farm Bank obligation or guaranteed by State Farm Bank, and are subject to investment risk, including possible loss of principal invested.