4 Retirement Mistakes to Avoid
Most American workers worry they won't have enough money for retirement. Fortunately, your State Farm® agent is here today to help you start preparing for tomorrow. We can help you make decisions that may strengthen your financial situation and preserve your money for as long as possible.
While you're thinking about what to do with your savings now, make sure you avoid these common retirement mistakes:
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1. Saving Very Little or Not Saving at All
2. Giving Up On a Retirement Savings Plan
3. Cashing Out When You Change Jobs
4. Carrying Too Much Debt Into Retirement
How Can State Farm Help?
Neither State Farm nor its agents provide tax, legal or investment advice. Customers should consult their own legal, tax, or investment advisors regarding their specific circumstances.
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.