Retirement & IRAs
It's Just Around the Corner.
Get Ready for Retirement.

The Closer You Get to Retirement, the More Focus You'll Need on Planning

Optimize Your Assets and Protect Your Income

Many people hit their peak earning years in their 50s and early 60s. It's the right time to take these steps to help protect what's important and ensure you're staying focused on achieving your retirement saving goals.

Contribute More

Make sure you're funding your employer's retirement plan as well as your Individual Retirement Accounts (IRAs). Once you turn 50, you're allowed to contribute even more each year.

Consider Your Retirement Income Strategy

Protect Your Savings

Your retirement savings will be reduced if you dip into them for the costs of illness, injury or disability. Reevaluate your health and disability insurance, as well as Long-Term Care insurance.

Reevaluate Your Insurance

Review your life insurance policies with your agent to make sure you've provided enough for your family in case the unexpected occurs and check that beneficiaries are up to date.

Get the Most From Social Security

You can receive Social Security benefits starting at age 62, but waiting until you reach the full Social Security retirement age will allow you to take a higher retirement benefit.

Connected Care Technology

Living independently is a priority for many aging adults. Easy to use technology can help families keep aging loved ones safe.

Learn more about Connected Care

Disclosure

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