Great-West Life & Annuity Insurance Company. Not all product offerings and services are available for all retirement plans. The investment options are the same in both the 401 (k) and the 457. Not necessarily, although thats what most plans require. IRAs | Empower Roll your savings into an individual retirement account (IRA) to keep your savings tax deferred. Its never a bad idea to pursue opinions from multiple professionals to make the best and most informed decisions you can. Taking a reduction in benefits will affect an individual later in life when Long Term Care is needed. Financial wellness & participant experience. The material on this site has been prepared for informational and educational purposes only and is not intended to provide investment, legal or tax advice. Browse Empower Institute for cutting-edge research and actionable insights. Investing involves risk, including possible loss of principal. Empower Retirement Plan Employee Login The 401 (k) plan lets you take control of your retirement by investing in fund options of your choice. Unless otherwise noted: Not a Deposit | Not FDIC Insured | Not Bank Guaranteed | Funds May Lose Value | Not Insured by Any Federal Government Agency. Financial wellness & participant experience, Market timing and excessive trading policies. On August 1, 2022, Empower announced that it is changing the names of various companies within its corporate group to align the names with the Empower brand. 900 Elm Street, Suite 600. Long Term Care costs are costly, and a 70% chance a person will need the care. With the Texa$aver voluntary retirement savings program, you can increase your personal retirement savings to bridge the financial gap between your pension and Social Security.You already contributed to the ERS retirement fund, with the State and the agency you worked for also contributing on your behalf, but your ERS annuity may replace only about 50% of your salary when you retire. Unless otherwise noted, not insured by FDIC, NCUA/NCUASIF. Whether your client has an employee coming in with prior retirement accounts or one leaving their organization, we have a suite of offerings to help individuals come to the best conclusion for their particular situation. Take a few minutes to explore your options. Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. Empower Retirement IRA provides an array of investment options from which to choose. Read each carefully before investing. Log In / Sign Up: 401(k) Guidance Management Services. Once youre ready to take the next step, read on for some tips and tricks. Defer benefits until the full Social Security retirement age or age 70. Any amount held in investments other than American Funds is subject to applicable sales charges. During retirement, a Texa$aver account can help you weather inflation and increased medical expenses as you age. 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. Taxes and penalties can take a big bite out of your retirement savings. If you are within three years of your normal retirement age, you may use a special catch-up contribution, which allows you to save an additional $22,500. Which type of account would you like to sign up or register for? Brokerage and investment accounts are intended for knowledgeable investors who acknowledge and understand the risks associated with the investments available through these accounts. The screen prints shown are for ILLUSTRATIVE PURPOSES ONLY. A rollover IRA allows individuals to move their employer-sponsored retirement accounts without incurring tax penalties and remain invested tax-deferred. WFCS and its associates may receive a financial or other benefit for this referral. Personal Capital is an affiliate of Empower Retirement, LLC. See all we offer | Empower Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. 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. Empower Annuity Insurance Company of America. Employment, Contracts, Practice Management. Discover how together we can continue to deliver what clients need most. Move your retirement savings to your new employer's plan2. We help your clients motivate their participants with personalized multichannel communications that encourage them to take action. Also Check: Opportunity Zone Investment Funds Vanguard. On-demand access to accounts, positions and balances. All rights reserved. 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. EFSI is an affiliate of Empower Retirement, LLC; Empower Funds, Inc.; and registered investment adviser, Empower Advisory Group, LLC. 6 The first 1,000 trades placed online each calendar year are $0; thereafter, each online trade will be charged $6.95. To speak with a representative regarding your account, contact us Monday - Friday between 5 a.m. - 7 p.m. Pacific time, and Saturdays between 6 a.m. - 2:30 p.m. Pacific time. Empower Interface All times are GMT-7. Non-U.S. residents are subject to country-specific restrictions. Unless otherwise noted: Not a Deposit | Not FDIC Insured | Not Bank Guaranteed | Funds May Lose Value | Not Insured by Any Federal Government Agency. Please keep your PIN secure and should you forget your PIN, please follow the directions below to obtain a new one. The main benefit of a traditional IRA is that your investment is tax-deductible now you put pre-tax money into an IRA, and those contributions are not part of your taxable income. Check with your new plan provider Accessing Account Information Some aspects of an Empower Retirement account are intuitive and easy to use. Learn more about how PSC can help your clients manage their plan and measure ongoing success. 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 thousands of mutual funds, exchange-traded funds (ETFs), individual equities and fixed-income securities.4, Available through My Total Retirement (no-obligation 90-day trial)5, Access to professional guidance from an advisor when you want it, Low-cost or complimentary comprehensive financial planning with a financial professional who is certified, No setup, administrative, closure or transaction fees1, No annual maintenance fee for account balance of $100,000 or greater, Commission-free online stock and ETF trading up to the first 1,000 trades placed online each calendar year; $6.95 per trade thereafter4. EMPOWER and all associated logos, and product names are trademarks of Empower Annuity Insurance Company of America. Learn more about the variety of options available to meet your clients needs. Please contact Empower Retirement Services for a distribution package and additional information. - would stretch the budget to do bdrIRA. Registration does not imply a certain level of skill or training. Empower Cost Empower's expense ratios range from 0.25% to 0.75% for the various funds you can invest in with their 401k. It may seem like free money, but it's really not. Guranteed Retirement Income: The ONLY Plan To Empower Retirement Which type of account would you like to sign up or register for? Wells Fargo Bank, N.A. 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. Reviewing Quarterly Statements Empower Retirement will provide you with quarterly individual account statements. Empower Retirement Review: 401k Account Investing 2023 Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. Deciding between traditional vs. Roth IRA? With Empower Retirement, account holders have control over their investment options for both IRA and 401k investments. The Empower Premier Investment Account is intended for knowledgeable investors who acknowledge and understand the risks associated with an investment account. OR Please contact your Empower Retirement representative to determine what is available for your situation. Financial wellness & participant experience, Market timing and excessive trading policies. Putnam is affiliated with Empower Annuity Insurance Company of America. Consolidating multiple employer-sponsored retirement accounts can make it easier to monitor your retirement savings. 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. With Empower Retirement, account holders have control over their investment options for both IRA and 401k investments. For more information regarding the name changes, please visit www.empower.com/name-change. 1 Asset allocation funds may be subject to a fund operating expense at the fund level, as well as prorated fund operating expenses of each underlying fund in which they invest. If you are a prospective Financial Professional, thank you for your interest in Empower Retirement. When prompted enter your Social Security Number. Sorry, you need to enable JavaScript to visit this website. Overall, the Empower Retirement website allows customers to manage their assets and get help from financial professionals virtually any time they want to. Review your investment choices and compare fees and plan provisions to see if it's as good an option as your current plan. Please reach out to us via the method you prefer. Check your plans provisions to see if that applies to you. Options typically include leaving it where it is, rolling it over to a new employers plan, or opting for an IRA rollover. Additional information may be obtained by calling 877-788-6261. 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. If you need the funds now, you can choose to close your account and cash out. Contact us for a prospectus, summary prospectus or disclosure document containing this information. 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. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. You may give up some flexibility or face stricter requirements if you make the move. 3 Empower refers to the products and services offered by Empower Annuity Insurance Company of America and its subsidiaries, including Empower Retirement, LLC. Please consult with your investment advisor, attorney and/or tax advisor as needed. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. EMPOWER and all associated logos, and product names are trademarks of Empower Annuity Insurance Company of America. Its never too soon to plan for a more financially secure retirement. 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).
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