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
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.
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.
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)