Saving and Investing for Retirement*

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Whether retirement for you is next week, in a few years, or decades away, for most of us, there's a lot we can do to prepare for it. No matter what your age, it's a good idea to put aside money on a regular basis. And if you're wondering when to start preparing for retirement, the answer is today!

Contact a Farmers Insurance and Financial Services Agent to discuss your retirement goals. Your agent can help you develop a strategy that meets your individual objectives.

These are just a few of the common questions Americans ask themselves as they near retirement. And at Farmers, we can help you to answer those questions, and help you to feel good about your answers.

What will social security provide me?

Social Security was never meant to be the sole source income for a retiree, but only an income supplement; and more than ever, that is true today. This rising costs of living make it imperative to prepare for when you retire so that when you get there you can depend on yourself and not on social security.

What other means of income will I have?

Do you have a pension, 401(k) plan, or other employer sponsored savings that will provide you with income during your retirement years? Have you left assets in a former employer's plan? Now may be the time to start thinking about consolidating some of those assets into one or a few savings or investment vehicles. Consolidation may help you to simplify and better control your investments.

Will I outlive my money?

The average life span has increased significantly in recent years; that could mean 30 years or more of retirement for some. That's a long time to make your money last. A personalized strategy may help you prepare for the long term.

Take action now! Contact a Farmers Insurance and Financial Services Agents today to help you with a strategy that will help you toward your retirement goals.
  • Traditional IRAs - In a Traditional IRA contributions today may be income tax-deductible and taxes on earnings are deferred until withdrawal. (Tax and penalties may apply if withdrawn prior to age 59 ½.)
  • Roth IRAs - In a Roth IRA contributions are not deductible from income taxes, but earnings on qualified withdrawals are not taxed. (Tax and penalties may apply if earnings withdrawn prior to age 59 ½.).
  • 401(k) and IRA Rollovers - Rollover IRAs can be funded with 401(k) money from previous employers or from another IRA.
  • Variable Annuities - A variable annuity is a long term investment vehicle that provides the potential for your investment to grow in value using market-based investment options and offers you a guaranteed income stream when annuitized in retirement.

Variable annuities are subject to insurance related charges and fees. The prospectuses contain this and other important information. The income payments are guaranteed by the insurance company, but subject to the claims paying ability of the insurance company.

Contact a Farmers Insurance and Financial Services Agent today to help you develop a strategy that meets your individual goals and objectives.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so investors may lose money including lose of principal invested. Purchasers of variable insurance contracts should consider investment objectives, risks, charges and expenses of the investments or the underlying investment options of the variable insurance contracts carefully before investing or purchasing. The prospectuses contain this and other important information. Please contact your Farmers Insurance and Financial Services Agent for prospectuses and read them carefully before selecting your investments or underlying insurance investment options.

Past performance of any investment does not guarantee future results; investment returns will fluctuate so that an owner's shares, when redeemed, may be worth more or less than their original cost. Performance of variable insurance contracts will also be affected by annual mortality and administrative expenses and is subject to a declining deferred surrender charge.

Withdrawals and/or other distributions of the taxable amounts may be subject to ordinary income tax. If withdrawals and/or distributions are taken prior to age 59 and a half a 10% federal tax penalty may apply. Please consult a tax or legal advisor for more information.

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FFS2399RET                                                                                       06/09

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