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College, Retirement Savings Plan and IRAs

Many of us don't know how to start saving for retirement and college when we're so busy just trying to take care of today. So we put off saving for the future. And terms like "annuity," "IRA," "mutual fund" and "529 plans" can be intimidating. They don't have to be. Allstate offers a variety of savings solutions that can help you achieve the comfortable retirement that you deserve and get a head start on college education savings.

It really helps to know where to start.

It's easier to make a decision when you understand what everyone is talking about. That's why Allstate offers a variety of choices to help you and your family put your financial goals within reach with savings choices that you can feel good about. Talk to an Allstate Personal Financial Representative to learn more or get a simple explanation below to help you decide if annuities, IRAs, mutual funds and college savings plans might be the right choice for you.

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Annuities IRAs Mutual Funds College Savings Plan

  • Annuities1

    Annuities give you steady income for a set time or for your lifetime.

    • Build savings. Annuities are long-term investment vehicles that help you accumulate your retirement savings over time.
    • Get paid. Annuities may provide a regular source of income that you can rely on.
    • Bank on safety. Some annuities guarantee that your money will earn a fixed interest rate.
    • Boost income. Other annuities give you income right away and some take risks to earn more money so that your savings have the potential to grow more over time.
    • Visit our annuities page for more information.

  • IRAs2

    An IRA (individual retirement account) helps you build savings for retirement.

    • Accumulate savings. IRAs are primarily used to save for retirement, but you may also use funds from a Roth IRA without penalty to pay for other qualified expenses.
    • Enjoy tax advantages. Traditional and Roth IRAs each offer different tax benefits, so talk to your tax advisor or contact an Allstate Personal Financial Representative to learn more. 3
    • Pick the one that's right for you. Visit our IRA page to learn about three types of IRAs - Traditional IRA, Roth IRA and Rollover IRA to determine which one is most appropriate for your needs.

  • Mutual Funds3

    A mutual fund pools your money together with others investors' money.

    • Grow savings. There are many different types of mutual funds you can put your money in to save for college and retirement.
    • Rely on the pros. Professional money managers research and choose the investments that go into a mutual fund based on the funds specific investment objectives.
    • Choose the right mutual fund. Contact an Allstate Personal Financial Representative to determine which mutual funds might be best for you based on your savings goals, your time horizon and your ability to handle risk.
    • Visit our mutual funds page for more information.

  • College Savings Plan4

    529 plans are state-sponsored savings programs that help you save for college.

    • Pick a plan. Each state chooses an investment company to manage its plan but you can invest in any state's plan.
    • Save first. You can set up an automatic bank deposit or have money deducted from your paycheck so part of your paycheck goes directly into a 529 college savings plan.
    • Enjoy tax advantages. Your money grows tax-free, which means you don't pay taxes on the money your 529 plan earns.
    • Use 529 plan savings for college expenses. You can use your 529 plan savings for qualified expenses like books and tuition at just about any accredited college, university, or technical school in the United States.
    • Visit our college savings page for more information.

Permanent Life Insurance

Could your family afford to pay the bills if you were gone?
Consider a permanent life insurance policy that builds cash value.5 >

Explore Life Tracks

Retirement Snapshot


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1 Variable annuities are long-term investments designed for retirement purposes. You should carefully consider the investment objectives, risks, charges and expenses of the investment options before purchasing a contract or investing money. These contracts have limitations and are sold by prospectus only. The prospectus contains important information about the annuity contract, including fees and charges, investment options, death benefits, and annuity payout options. Optional income riders carry additional costs and may have limitations or restrictions. To obtain a prospectus or the underlying portfolio prospectuses, please contact your Allstate Personal Financial Representative. Please read the product prospectuses carefully before purchasing a contract or sending money. Guarantees offered are subject to the claims-paying ability of the issuing company.

2 Please note that Allstate Life Insurance Company or its agents and representatives cannot give legal or tax advice. The brief discussion of taxes on this page may not be complete or current. The laws and regulations are complex and subject to change. For complete details consult your attorney or tax advisor.

3 You should carefully consider the investment objectives, risks, charges and expenses of mutual funds before purchasing shares or investing money. Additional information about these and other subjects can be found in the mutual fund prospectus. To obtain a prospectus, please contact your Allstate Personal Financial Representative. Please read the prospectus carefully before purchasing shares or sending money.

4 You should carefully consider the investment objectives, risks, charges and expenses of 529 college savings plans before purchasing or investing money. Additional information about these and other subjects can be found in the Plan Description. You may obtain copies of the Plan Description from your Allstate Personal Financial Representative. Please read the Plan Description carefully before purchasing or sending money.

Securities offered by Personal Financial Representatives through Allstate Financial Services, LLC (LSA Securities in LA and PA). Registered Broker-Dealer. Member FINRA and SIPC, Main Office: 2920 South 84th Street, Lincoln, NE 68506, 877-525-5727. Life insurance and fixed annuities issued by Allstate Life Insurance Company: Northbrook, IL; Lincoln Benefit Life Insurance Company: Lincoln, NE; and American Heritage Life Insurance Company: Jacksonville, FL. In New York, Allstate Life Insurance Company of New York: Hauppauge, NY.
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