Retirement & IRAs
You're Retired. Time to Make Your Planning Pay Off.

Work with State Farm Life Insurance Company to Make the Most of Managing Retirement Funds

Congratulations, you made it! And all the hard work you put into saving for retirement is starting to pay off. Now your challenge is figuring out how to keep it paying off for another two or three decades.

Fortunately, you don't have to figure it all out alone. Your State Farm® agent can work directly with you to create a personalized retirement income strategy with our free Retirement Distribution Report. It's just another way to help you take charge of your retirement.

Find an Agent

Plan and Prioritize Your Withdrawals

To stretch your retirement income, it's a good idea to prioritize which accounts you take money from first. As a general rule, withdraw from your taxable accounts first and leave your tax-deferred accounts alone. That gives them more time to grow.

What are Required Minimum Distributions?

The IRS requires you to start withdrawing at least a minimum amount from your Traditional IRA, SEP IRAs, SIMPLE IRAs, and 401(k)s by April 1 of the year following the year you reach 70 1/2. Be sure to work with your State Farm agent to find ways to simplify the RMD process.

Also, visit "Required Minimum Distributions Calculator"

Understand Your Social Security Options

If you haven't already started receiving payments, waiting until you reach the full Social Security retirement age will allow you to take a higher retirement benefit. Check the Social Security website for more information.

Find out more in " What to Expect from Social Security

Have 401(k)s? Consider Rolling Them Over

If you've left money behind in various employer-sponsored plans, there could be benefits to rolling them over to IRAs from State Farm.

Read more in "Why You Should Consider Consolidating Retirement Accounts"

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