Tax-advantaged savings with an 个人退休 Account (IRA)

Plan your future with an 个人退休 Account (IRA)

When you contribute to a State Farm® 个人退休 Account, your money grows tax deferred. This gives your retirement savings the potential to grow faster than if in a taxable account. +, you may contribute to a State Farm 个人退休 Account even if you participate in a retirement program at work.¹

Traditional and 罗斯IRAs

Both Traditional and 罗斯IRAs let your earnings grow tax-deferred until you make withdrawals. However, t在这里 are key differences between the two.

传统的爱尔兰共和军

Contributions may be deductible on your federal income tax return
T在这里 are no income limitations for making contributions. However, deductibility is affected by income amounts.
Earnings are exempt from federal income tax return until withdrawn
Must start taking withdrawals at age 73

For more information, see 传统的爱尔兰共和军.

罗斯IRA

For federal income tax return purposes, contributions are not tax-deductible, but can be withdrawn any time — tax-free
Earnings are tax-free for qualified distributions
No mandatory withdrawals at any age
Contributions are subject to income limitations

For more information, see 罗斯IRA.

个人退休账户供款限额

The contribution limit for 2023 is $6,500加2024等于7美元,000 or 100% of your earned income, 取较小者. The annual contribution limits apply to the combination of all of your Traditional and 罗斯IRAs.

If you are age 50 or older, you may make an additional $1,000 "catch-up" contribution to your IRA.

Funding options/Open an account

Check out the different ways you can fund your IRAs with State Farm.

共同基金

国家农场年金

翻转爱尔兰共和军

Have you ever changed jobs? 在工作之间? 或者退休了?

If you have money in a retirement plan from a previous employer, you may be able to roll it over to a State Farm IRA without paying federal income taxes or penalty taxes. This may make it easier to manage your savings.

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共同基金 risk disclosures

1 传统个人退休帐户, deductibility of contributions affected by participation in Employer retirement plan. 罗斯IRA has income phase out limits.

A 10% tax penalty may apply for withdrawals from tax-qualified products before age 59½.

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, 投资类型, 费用, and any potential penalties.

都不是州立农场^® nor its agents provide tax or legal advice.

Securities distributed by State Farm® VP Management Corp.

Securities 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® and/or unaffiliated entities which provide banking and insurance products.

AP2023/12/1221