Retirement & IRAs
Make Your Retirement Planning Pay Off.

For a Happy Retirement, You Don't Have to Figure It Out Alone

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

Your State Farm® agent can create a personalized retirement income plan with our Retirement Distribution Report if you have $250,000 in investable assets. It's just another way to help you take charge of your retirement.

Let's take charge together.

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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

If you withdraw from your taxable accounts first, that gives tax-deferred accounts more time to grow. For more ways to increase your income and benefits, consider an encore career.

Know RMD Rules (Required Minimum Distributions)

The IRS requires you to start withdrawing from your Traditional IRA, SEP IRAs, SIMPLE IRAs and 401(k)s by April 1, the year after you reach age 701/2. Your State Farm agent can help simplify the Required Minimum Distributions process.

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. Know your options.

Consolidate Your 401(k)s

There may be benefits to rolling funds from employer-sponsored plans into Individual Retirement Accounts (IRAs). Prior to rolling over assets from an employer-sponsored retirement plan into an IRA, it's important to understand your 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.

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.

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.

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.

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Issued by:

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, IL

IL-R2.0