Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. We offer the Empower Premier IRA, which provides straightforward help and advice on your financial goals, and the Empower Brokerage IRA, which lets you select and monitor your own investments. Empower Annuity Insurance Company of America. Retirement Professionals are registered representatives of and offer brokerage products through Wells Fargo Clearing Services, LLC . Non-U.S. residents are subject to country-specific restrictions. Prior to buying or selling an option, investors should read a copy of the Characteristics & Risks of Standardized Options, also known as the options disclosure document (ODD). And when you open an IRA with us, we make it easy for you to invest how you want. Guided by decades of experience, inspired by leading-edge technology and driven by service excellence, we offer solutions designed to help you create better retirement experiences for your clients. The results may vary with each use and over time. EMPOWER and all associated logos, and product names are trademarks of Empower Annuity Insurance Company of America. for State Employees - Tennessee Participants with Empower Retirement options require clients to be sure of what they are doing on the company website before they make any major changes to their investment portfolios. Empower Retirement Savings Plan . Which type of account would you like to sign up or register for? Securities offered or distributed through GWFS Equities, Inc., Member FINRA/SIPC and a subsidiary of Great-West Life & Annuity Insurance Company. For that reason, when you withdraw it later neither what you contributed nor what it earned is taxable you will pay no taxes on your withdrawals. The consensus is that taxes will only increase in the future. You should also use our free quote tool below to access life insurance options to see which life insurance companies could work best for you. An IRA is a great way to invest for retirement because of its tax advantages. Using the WDC to My Advantage | ETF Please call 855-756-4738 if you would like information on the other Empower IRA products that may be available to you. Benefits include: This exclusive, customized portfolio and dedicated advisor team specializes in what matters most to you. While weve heard stories of 401K rollovers taking weeks, it can as quick as a few days. The screen prints shown are for ILLUSTRATIVE PURPOSES ONLY. You won't pay any initial or annual account fees, and can access more than 140 mutual fund options. Moving your funds to an IRA is the route financial experts advise in most instances. No fees and low minimums to open an account. Contact Empower for a prospectus, summary prospectus for SEC-registered products or disclosure document for unregistered products, if available, containing this information. Empower Review You May Like: How Do I Use My 401k To Start A Business. Ultimately we build our Empower Premier Investing Account around you. If you are a current advisor for Empower Retirement or an existing plan sponsor, do not use this form for customer assistance. Speak to a representative about your specific situation and see whether Empower could help you with your financial future. *Note: If you have an existing rollover or traditional IRA at Prudential, you can roll your assets into that account. My hospital uses Empower Retirement for our 401k, 403b, 457b, 457f accounts. The table below shows the differences between a 401k and an indexed universal life insurance policy. Do-it-myself investor who wants access to an advisor when they need one Participants with Empower Retirement options require clients to be sure of what they are doing on the company website before they make any major changes to their investment portfolios. Thomas experience gives him expertise in a variety of areas including investments, retirement, insurance, and financial planning. Please click here for the appropriate contact phone numbers. Fund this annuity contract first and fund other annuities after the maximum contributions are met. If you are a prospective Financial Professional, thank you for your interest in Empower Retirement. It may seem like free money, but it's really not. Empower Cost Empower's expense ratios range from 0.25% to 0.75% for the various funds you can invest in with their 401k. 1 Some employer plans require you to move your balance if the balance is below minimum thresholds. Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. Empower Retirement Plan Employee Login Need Help? This material is for informational purposes only and is not intended to provide investment, legal, advice or tax recommendations. We help your clients motivate their participants with personalized multichannel communications that encourage them to take action. Take a few minutes to explore your options. 2 Pursuant to a solicitation agreement, Empower may refer eligible customers to Personal Capital. Best Retirement Income Funds of March 2023 - Forbes Advisor Or, if you like to take a hands-off approach, let our experienced investment advisors manage your investments for you. Do that nowthe market is on sale! Empower Investments | Empower Funds, Inc. | Fund Performance Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. For 2023, you can add an extra $7,500 for a total maximum contribution of $30,000 in 2023. OR ETFs are subject to risks like those of their underlying securities. Brokerage services such as clearing, settlement, custody and other similar functions are provided by Pershing LLC, Member FINRA/NYSE/SIPC and a wholly owned subsidiary of The Bank of New York Mellon Corporation. Turning your old employer retirement plan account into an IRA keeps your savings tax-deferred while giving you more control over how your money is invested. We offer the Empower Premier Investment Account, which offers help and guidance on your investments, and the Empower Investment Account, which makes it easy to research and trade investments online. Carefully consider the investment option's objectives, risks, fees and expenses. Some of the benefits include: A range of no- or low-cost investment options. WFCS and its associates may receive a financial or other benefit for this referral. Empower Retirement is owned by Great-West Lifeco. InvestmentProGuide.com is a one-stop resource for everything you want and need to know about investments and investing. 6 The first 1,000 trades placed online each calendar year are $0; thereafter, each online trade will be charged $6.95. You will then be asked to enter your PIN. By answering the security questions, the system will assign you a temporary PIN. Unless otherwise noted: Not a Deposit | Not FDIC Insured | Not Bank Guaranteed | Funds May Lose Value | Not Insured by Any Federal Government Agency. Unlike mutual funds, individual shares of ETFs are not redeemable directly with the Issuer. 1 As part of the Great-West Family of Companies, Empower Retirement also leverages its relationship with Great-West Investments to provide a wide and complementary array of investment solutions for retirement investors. The rest of this guide walks through that process step-by-step. Not a deposit or guaranteed by any bank affiliate or credit union. Be aware that certain mutual funds may be subject to separate and additional redemption fees imposed by the particular fund. you have rIRA and taxable space. Empower Select is celebrating four years of helping grow organizations by delivering a value-focused retirement plan. IMPORTANT: The projections, or other information generated on the website by the investment analysis tool regarding the likelihood of various investment outcomes, are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Securities offered or distributed through GWFS Equities, Inc., Member FINRA/SIPC and a subsidiary of Great-West Life & Annuity Insurance Company.. Great-West Financial, Empower Retirement and Great-West Investments are the marketing names of Great-West Life & Annuity Insurance Company Corporate Headquarters: Greenwood Village, CO; Great-West Life & Annuity Insurance Company of New York . Check with your new plan provider If you are about to change jobs, heres what you need to know about rolling over your funds into a new employers 401 plan and the ins and outs of other options. Brokerage accounts are subject to EFSI review and approval. Not necessarily, although thats what most plans require. County of LA Defined Contribution Plans - Empower A rollover IRA is an individual retirement account often used by those who have changed jobs or retired. If youre looking to start a 401k plan with a Wells Fargo company, youve come to the right place. As an Empower client you always have access to: See a complete picture of your accounts in one place with a single login. Once the Fund Office receives the termination date and final contributions from the employer, the information will be updated and transmitted to Empower Retirement Services. Online Advice and My Total RetirementTM are part of the Empower Advisory Services suite of services offered by Empower Advisory Group, LLC, a registered investment adviser. Sorry, you need to enable JavaScript to visit this website. Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. If your marital status is listed as unknown on your account, you will need to submit a completed Beneficiary Designation Form to Empower Retirement Services. 2. Empower offers digital wealth management for those with at least $100,000. The 401 (k) plan lets you take control of your retirement by investing in fund options of your choice. Healthcare costs and projections, if applicable, are provided by HealthView Services. Empower Retirement | Retirement solutions As I've read more of the site, I've been learning about reducing fees and have wanted to change up my So my new company uses empower-retirement.com to manage their 401k. All rights reserved. Low account fees and a range of investment choices My hospital uses Empower Retirement for our 401k, 403b, 457b, 457f accounts. Existing participants should contact Empower Retirement Services for a Rollover Statement. Get personalized guidance, straightforward solutions and actionable information that helps get you closer to your financial goals. FOR FINANCIAL PROFESSIONAL USE ONLY. Additional information may be obtained by calling 877-788-6261. The trademarks, logos, service marks and design elements used are owned by GWL&A or used with permission. Roll your funds into your new employer's plan after evaluating it against your current plan. They do not reflect actual investment results and are not guarantees of future results. View detailed account statements with past performance histories and analyses with each individual asset, Utilize online tools to calculate and forecast future fund incomes with each individual asset, Access extensive customer support networks with financial professionals who will help with the planning and execution of retirement assets. But you should also speak to financial professionals from other companies to make sure youre making the best choice possible. No annual account maintenance fee for accounts over $100,000.1, Commission-free online trading of stocks and ETFs.2. Brokerage accounts are subject to EFSI review and approval. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. Already have an IRA? Depending on your plan, the process for Empower can be done over the phone or by filling out a form, and a check will either be mailed to your new account provider or sent directly to you to deposit into the new account. EFSI is an affiliate of Empower Retirement, LLC. Retirement savings/ (Gross pay+ER contribution) = 20%+. Sorry, you need to enable JavaScript to visit this website. You may rollover pre-tax dollars from a prior employer. Empower Retirement 401k Investment Options Non-U.S. residents are subject to country-specific restrictions. 900 Elm Street, Suite 600. Empower Retirement reviews and ratings online are quite positive from a financial standpoint. Here's the current fund I'm in and below are the available funds with their associated expense ratios (I've bolded the funds I was planning on using). Empower Retirement IRA Invest money with tax-free potential growth, Do-it-myself investor who wants access to an advisor when they need one A one-time $10 setup fee will be deducted from your account when you open an American Funds IRA. Discussions with Retirement Professionals may lead to a referral to affiliates including Wells Fargo Bank, N.A. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. Reviewing Quarterly Statements Empower Retirement will provide you with quarterly individual account statements. To speak with a representative regarding your account, contact us Monday - Friday between 6 a.m. - 8 p.m. Mountain time, and Saturdays between 7 a.m. - 3:30 p.m. Mountain time. Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV). Consolidating multiple employer-sponsored retirement accounts can make it easier to monitor your retirement savings. Transaction fees may apply to certain mutual funds. Empower Retirement supports over 41,000 investment options. Empower Financial Services, Inc. may receive a fee from mutual fund companies participating in the Empower Brokerage service for providing certain distribution, administrative and shareholder services. You will then be prompted to change the temporary PIN to a 6 to 8 digit PIN the next time you log onto the system. The main disadvantage is that you have to pay taxes on the money and its earnings later, when you withdraw them. The managed account service is part of the Empower Advisory Services suite of services offered by Empower Advisory Group, LLC, a registered investment adviser. Great-West Financial, Empower Retirement and Great-West Investments are the marketing names of Great-West Life & Annuity Insurance Company, Corporate Headquarters: Greenwood Village, CO; Great-West Life & Annuity Insurance Company of New York, Home Office: New York, NY, and their subsidiaries and affiliates, including registered investment advisers Advised Assets Group, LLC and Great-West Capital Management, LLC. EFSI is an affiliate of Empower Retirement, LLC; Empower Funds, Inc.; and registered investment adviser Empower Advisory Group, LLC. Your most recent pay stub may help in answering the questions. Read each carefully before investing. Before you decide whether Empower is right for you, its a good idea to do some research. Move your retirement savings to your new employer's plan2. If your employer terminates your retirement plan, or if you become disabled, you may be given an opportunity to take a distribution. We offer the Empower Premier IRA, which provides straightforward help and advice on your financial goals, and the Empower Brokerage IRA, which lets you select and monitor your own investments. How Empower's Joining the Auto-Portability Consortium Could Accelerate EFSI is an affiliate of Empower Retirement, LLC; Empower Funds, Inc.; and registered investment adviser, Empower Advisory Group, LLC. The fee will be displayed on the order preview screen before an order is placed. If you need the funds now, you can choose to close your account and cash out. 1 PLANADVISER magazine, 2020. This investment account provides a simple way to invest for all your financial goals no matter how much you want to invest or how involved you want to be in your investment choices. Empower Financial Services, Inc. reserves the right to change and/or modify pricing. Now youre in charge and you have more investment flexibility, said Smith. Please consult with your financial advisor, call (866) 317-6586 to speak to a retirement consultant, or email us at RetirementSolutionsService@empower-retirement.com. Financial wellness & participant experience, Market timing and excessive trading policies. A range of no- or low-cost investment options. Empower is just the recordkeeper. Simply roll over your savings and keep them tax-deferred. All rights reserved. 3 The first one thousand trades (1,000) placed online each calendar year are $0; thereafter, each online trade will be charged $6.95. Investment returns will vary based on market conditions and volatility, so that an investor's shares, when redeemed or sold, may be worth more or less than their original cost. Login to request a rollover. Please submit the correct marital status to the Fund Office in writing to reflect properly on your account. The results may vary with each use and over time. SMART Plan for Public Employees | Mass.gov Do-it-for-me investor who prefers a professionally managed account, Knowledgeable do-it-myself investor who understands the risks associated with the investments available through a brokerage account, Choose from a range of mutual fund options for easy diversification, Choose from thousands of mutual funds, exchange traded funds (ETFs), individual equities and fixed-income securities.4, Available through My Total Retirement5 (no cost), Access to professional guidance from an advisor when you want it, No setup, administrative, closure or transaction fees3, Commission-free online stock and ETF trading up to the first 1,000 trades placed online each calendar year; $6.95 per trade thereafter6, Optional debit card or check-writing features. Your Personal Identification Number is required to access your personal account information and to initiate any transactions. Empower Retirement IRA Learn more about the variety of options available to meet your clients needs. 2023 Empower Annuity Insurance Company of America. Both PCAC and EAG are registered investment advisers with the Securities and Exchange Commission (SEC) and subsidiaries of Empower Annuity Insurance Company of America. Our Retirement Solutions Group consists of licensed, experienced professionals who can assist participants with the following: How asset consolidation may simplify their overall savings strategy and provide a more accurate retirement income projection. Open an IRA. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. Empower: Saving, investing and advice The investment options are the same in both the 401 (k) and the 457. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF. New participants wishing to enroll in the USW Industry 401 Plan by processing a rollover may contact the Fund Office at 1-877-344-4015 to request an Enrollment booklet and Summary Plan Description. The fees on your passive investment options are great - 0.16% for the target date fund. James (Jim) MacMillan, CRPC, CRPS AAMS CMFC Mid Cap Funds; Alger Weatherbie Specialized Growth A: American Century Mid Cap Value Inv: BlackRock Mid-Cap Growth Equity Inv A: Empower Ariel Mid Cap Value Fund Inv: Empower Mid Cap Value Inv: Empower S&P MidCap 400 Index Fund Inv: Empower T Rowe Price MdCp Gr Fund Inv: Janus Henderson Contrarian T: Janus Henderson Enterprise S: JPMorgan Mid . When it comes to the type of investments you want to make, there are countless choices. If you are not able to answer the security questions, when prompted press the star key on your phone key pad after each question. Please reach out to us via the method you prefer. Participating members who do not specify an investment choice will be placed in the target date fund that is closest to the date the member turns 65. Empower is the number one choice of industry professionals1 Any restrictions will be in the individual fund prospectus.
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