Retirement Planning for All of Life's Stages
Your retirement should be 100% enjoyment and 0% doubt about your retirement plan. We'll help you get ready.
Enjoy Your Retirement
Help your retirement planning pay off.
Retirement FAQ
What's the Difference Between a Traditional IRA and a Roth IRA?
For information on the differences between IRA types, see Traditional and Roth IRA Comparison.
What Are the Tax Penalties for Early Withdrawal From an IRA?
The law imposes a 10% tax penalty on early withdrawals. Additionally, you incur a tax penalty for withdrawing your money before you turn 59 1/2, unless your withdrawal meets one of the standard exceptions.
What is the Annual Deadline for Contributing to My Traditional or Roth IRA?
You can make annual contributions to a Traditional or Roth IRA from January 1 until the tax-filing deadline for the contribution year, which is usually April 15.
Disclosure
Neither State Farm® nor its agents provide tax or legal advice.
A 10 percent tax penalty may apply for withdrawals from tax-qualified products before age 59 1/2.