Consolidating your accounts into a State Farm Traditional IRA can make it easier to track balances and monitor withdrawals. With State Farm Investment Planning Services, you have access to a trained registered agent, a broad range of mutual funds and other investments, such as annuities.
A 10% tax penalty may apply for withdrawals from tax-qualified products before age 59½.
Prior to rolling over assets from an employer-sponsored retirement plan into an IRA, it's important that customers understand their options and do a full comparison on the differences in the guarantees and protections offered by each respective type of account as well as the differences in liquidity/loans, types of investments, fees, and any potential penalties.
Before investing, consider the funds' investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses which can be obtained by visiting statefarm.com. Read it carefully. Securities distributed by State Farm VP Management Corp.
Securities are not FDIC insured, are not bank guaranteed and are subject to investment risk, including possible loss of principal.
Neither State Farm® nor its agents provide tax or legal advice.