You're Retired. Time to Make Your Planning Pay Off.

Work with State Farm® to Make the Most of Managing Retirement Funds

Congratulations, you made it! And all the hard work you put into saving for retirement is starting to pay off. Now your challenge is figuring out how to keep it paying off for another two or three decades.

Fortunately, you don't have to figure it all out alone. Your State Farm agent can work directly with you to create a personalized retirement income strategy with our free Insurance and Financial Review. It's just another way to help you take charge of your retirement.

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Plan and Prioritize Your Withdrawals

To stretch your retirement income, it's a good idea to prioritize which accounts you take money from first. As a rule, withdraw from your taxable accounts first and leave your tax-deferred accounts alone. That gives them more time to grow.

Find out more in "Retirement Planning – Already Retired?"

Consider an Annuity

At this stage, you might want to consider converting a portion of your retirement savings into a State Farm Annuity. It can create a steady stream of income so you don't have to worry about taking care of the basics.

Read more about Annuities.

Wait as Long as Possible to Take Government Pension

While you can elect to start receiving a reduced Canada Pension Plan (CPP) as early as 60, waiting until you reach the standard age of 65 will allow you to take the full retirement benefit.

Read more about CPP, and other government pension benefits in How Much to Expect.

Converting Your Savings to Income

You've worked hard, and saved hard and now you finally get to enjoy your 'golden years'. What happens to your savings? How much income will you draw? When do you need to close your RRSP? What will happen to those funds? These are all common questions your State Farm representative can help you answer.

Talk to your State Farm representative about your options.

Start Planning Your Retirement


Mutual Funds are not insurance products and are distributed through representatives of State Farm Investor Services (Canada) Co. State Farm Investor Services (Canada) Co. is a separate legal entity from State Farm Mutual Automobile Insurance Company, or any of its insurance affiliates.

Please read the applicable Fund Facts before investing. Commissions, trailing commissions, management fees, and expenses may be associated with mutual fund investments.

Mutual Funds are not guaranteed, their values change frequently and past performance may not be repeated. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer.

Neither State Farm nor its agents provide tax or legal advice. Please consult a tax or legal advisor for advice regarding your personal circumstances.

State Farm branded policies are underwritten by Certas Home and Auto Insurance Company or Desjardins Financial Security Life Assurance Company.

State Farm Investor Services (Canada) Co. Aurora, Ontario