Start Of Main Content

Make your retirement planning pay off

All your hard work saving for retirement is starting to pay off. Now it's time to figure out how to keep it.

Create an income plan and help protect what you have

You've worked hard to get here. The work continues, but now the focus shifts to having a smart strategy for withdrawing your retirement income and helping to protect your assets.


Stretch your income: plan & prioritize

Know RMD rules (Required Minimum Distributions)

For 2023, you're required to start taking Required Minimum Distributions (RMD) from your Traditional IRA by April 1 of the year following the year in which you reach age 73. Once you begin RMD’s you must take an RMD distribution each year.

Required Minimum Distributions Calculator

Get the most from social security

Waiting until you reach the full Social Security retirement age will allow you to take a higher retirement benefit and waiting until age 70 will maximize your retirement benefit. Know your options.

What to Expect From Social Security

Review insurance: life, medicare, long-term care

Review your life insurance policy and beneficiaries with your agent to make sure your family and estate are protected. Review Medicare Supplemental insurance and Long-Term Care (LTC) insurance options to help avoid depleting your retirement savings for medical or extended care. Planning for Long-Term Care

Planning for Long-Term Care

Create an estate plan

State Farm® offers an estate analysis service to help you with the first steps of estate planning. You can learn more from your State Farm agent.

Estate Planning Services


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.

State Farm (including State Farm Mutual Automobile Insurance Company and its subsidiaries and affiliates) is not responsible for, and does not endorse or approve, either implicitly or explicitly, the content of any third party sites hyperlinked from this page. State Farm has no discretion to alter, update, or control the content on the hyperlinked, third party site. Access to third party sites is at the user's own risk, is being provided for informational purposes only and is not a solicitation to buy or sell any of the products which may be referenced on such third party sites.

Each company is financially responsible for its own products.

Neither State Farm nor its agents provide tax or legal advice.

State Farm Mutual Automobile Insurance Company
State Farm Life Insurance Company (Not licensed in MA, NY or WI)
State Farm Life and Accident Assurance Company (Licensed in NY and WI)
Bloomington, Illinois