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

Your State Farm® agent can help you stay focused on saving and staying on track. Whether retirement is down the road or just around the corner, free one-to-one support, insightful reports and annual check-ins along the way can help you keep your retirement income plan in sight.

Let's get ready together.

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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.

Evaluate Risk & Retirement Income

Throughout your working years and closer to retirement, evaluate the risk level of your portfolios. Consider moving some funds into more conservative options as you approach retirement. Ask your registered State Farm agent about our free Client Portfolio Report and Retirement Income Distribution Report.

The Client Portfolio Report (CPR) summarizes the characteristics of your current portfolio of allocable investments by asset class. Current allocation is compared to an asset allocation model consistent with the provided risk tolerance and time horizon. A minimum $100,000 in current investable and allocable assets is required to produce the report.

The Retirement Income Distribution Report is designed to look at what is in place today and provide a roadmap to a successful retirement. It should be used as a tool to help you understand your retirement situation and plan accordingly.

Consider 401(k) Consolidation

If you've changed jobs and left money in employer-sponsored plans, consider consolidating funds into a State Farm IRA.

Safeguard 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.


Before investing, consider the funds' investment objectives, risks, charges and expenses. Contact State Farm VP Management Corp (800-447-4930) for a prospectus or summary prospectus containing this and other information. Read it carefully.

Securities, insurance and annuity products are not FDIC insured, are not bank guaranteed and are subject to investment risk, including possible loss of principal.

State Farm VP Management Corp. is a separate entity from those State Farm entities which provide banking and insurance products.

Asset allocation does not assure a profit or protect against loss.

When rolling over a 401 (k) into an IRA it's important to 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.

Guarantees based on the claims paying ability of the issuing State Farm life insurance company.

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