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 2015, now is the time to talk with your State Farm agent about a State Farm IRA.
Find an Agent
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 2015 Tax Bill
Besides adding to your retirement income, contributing to a State Farm Traditional IRA before April 15, 2016 may lower your 2015 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.
State Farm and its affiliates do not provide tax, investment, or legal advice. Federal and state tax laws are subject to change. If tax, investment, or legal advice is required, please seek the services of a licensed professional.
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.
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.
State Farm Bank, F.S.B., Bloomington, Illinois offers IRA deposit products. Other insurance, securities or investment products are offered by affiliate companies.
State Farm Bank is a Member FDIC and Equal Housing Lender. NMLS ID 139716. The other 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 subject to investment risk, including possible loss of principal invested. Contact State Farm Bank toll-free at 877-SF4-BANK (877-734-2265). Callers who are hearing or speech impaired should dial 711 or use a preferred Telecommunications Relay Service.