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It's natural to get caught up in working and making ends meet. Stay focused on your savings and investment plan as you build what you need for the retirement life you want.
A large, unexpected expense or job loss can be a big financial hit to you and your family. Build an emergency fund to avoid dipping into your retirement savings.
You may need about 70 to 90 percent of what you're living on at retirement to maintain that lifestyle. Use our Retirement Calculator to see if you're on the right track.
Contributing to a 401(k), SIMPLE IRA or other employer-sponsored retirement plan is a great way to save for the future. An IRA may also provide tax advantages and can help build your retirement savings too.
Life insurance may help replace lost income, which can be used to pay off debts and expenses and help maintain your family's standard of living. Education savings plans may help make it easy to save for your children's education.
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.
Neither State Farm® nor its agents provide tax or legal advice.