Its never too soon to plan for a more financially secure retirement. 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. Before you decide whether Empower is right for you, its a good idea to do some research. Past performance is not indicative of future returns. Unless otherwise noted: Not a Deposit | Not FDIC Insured | Not Bank Guaranteed | Funds May Lose Value | Not Insured by Any Federal Government Agency. Securities offered or distributed through GWFS Equities, Inc., Member FINRA/SIPC and a subsidiary of Great-West Life & Annuity Insurance Company. Try not to go it alone, he advises. The Orsini-MacMillan Group, Merrill Lynch. EFSI and Pershing are separate, unaffiliated brokerage firms. Please contact your service representative or visit the brokerage website for more details. Take a few minutes to explore your options. 2020 Great-West Life & Annuity Insurance Company. Brokerage accounts are subject to EFSI review and approval. Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV). Start investing for your child's future with an Empower custodial account. They do not reflect actual investment results and are not guarantees of future results. The 401 (k) plan lets you take control of your retirement by investing in fund options of your choice. When you are ready to get started on the 401K rollover process, were here to help. WellsTrade and Intuitive Investor accounts are offered through WFCS. Investing involves risk, including possible loss of principal. Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. Eligible employees can save and invest before-tax and after-tax dollars through salary deferrals into our wide array of low fee investments options. Here is an illustrative timeline of how that would work. Transaction fees, where applicable, will be noted during online order entry or via your registered representative during broker-assisted trades. This material is for informational purposes only and is not intended to provide advice, investment, legal or tax recommendations. Your Personal Identification Number is required to access your personal account information and to initiate any transactions. Your financial life is not just about markets and returns. Get the latest on legislative, regulatory activities Read updates from the Hill and regulators. Empower Retirement Plan Employee Login Discover how together we can continue to deliver what clients need most. Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. Discover our suite of innovative products and services enhancing our offer. To speak with a representative, please contact us between 8:30 a.m. and 8 p.m. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Money Market Fund. Empower Retirement - Fund prospectuses Refer to that funds current prospectus for details. EFSI is an affiliate of Empower Retirement, LLC; Empower Funds, Inc.; and registered investment adviser, Empower Advisory Group, LLC. You need more tax diversification in retirement and the easiest way to do that for now is what peds said, $12k into two Roth IRAs for you and your wife for 2019 (you have until 4/15 to do this) and then another $12k for 2020. If you are not married, you may update your beneficiary by logging into your account at. The amount of compensation ranges from zero to 130 bps based on the average total value of assets and cash held in your Empower Brokerage account and related brokerage accounts custodied at Pershing. The Massachusetts Deferred Compensation 457 SMART Plan is a retirement savings program available for Commonwealth of Massachusetts state and municipal employees. Invest for retirement with access to a large selection of investment options, personalized resources and no-cost investment guidance. With Empower Retirement, account holders have control over their investment options for both IRA and 401k investments. All rights reserved. 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. Your first decision: whether to open a traditional IRA or a Roth. The fee will be displayed on the order preview screen before an order is placed. Contact Empower for a prospectus, summary prospectus for SEC-registered products or disclosure document for unregistered products, if available, containing this information. What you decide to do with your retirement savings when you change jobs or retire could have a big impact on your future. Which type of account would you like to sign up or register for? We have a similar plan through Empower with a similar list of good funds. Not a condition of any banking or credit union activity. Unless otherwise noted, not insured by FDIC, NCUA/NCUASIF. Empower Retirement refers to the products and services offered in the retirement markets by Great-West Life & Annuity Insurance Company, Corporate Headquarters: Greenwood Village, CO; Great-West Life & Annuity Insurance Company of New York, Home Office: NY, NY, and their subsidiaries and affiliates. Existing participants should contact Empower Retirement Services for a Rollover Statement. Invest money with tax-free potential growth, Do-it-myself investor who wants access to an advisor when they need one Roll your funds into your new employer's plan after evaluating it against your current plan. Or, when you are considering rolling money over from a 401 to an IRA, you may wish to roll over only a portion of your retirement savings and take the rest in cash. Choose our fully bundled option or use your local third-party administrator (TPA). Financial wellness & participant experience, Market timing and excessive trading policies. Traditional IRA. ETFs are not mutual funds. More than 100 funds are available, including funds targeted to your retirement date and risk-based profile funds. 1-855-756-4738 thats 12K for 2019 still, and 12K for this year. You may be curious about what life insurance covers and whether you should include an additional life insurance policy with your other financial assets. 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. Empower Retirement offers a large collection of customer resources, and Empower Retirement participants can create their own accounts and Empower Retirement logins to view and even change their investments whenever they want to. Not all product offerings and services are available in all states or to all plan sizes and types. Sorry, you need to enable JavaScript to visit this website. We offer fiduciary advice solutions for everyone. Retirement Age: Dont make the mistake of taking SSI early. When prompted enter your Social Security Number. County of LA Defined Contribution Plans - Empower All rights reserved. Deciding between traditional vs. Roth IRA? See if there are any limitations, confirm that your savings are eligible to roll over into the plan and understand any paperwork they require. 3 Empower refers to the products and services offered by Empower Annuity Insurance Company of America and its subsidiaries, including Empower Retirement, LLC. Investing involves risk, including possible loss of principal. See how Empower is delivering an innovative experience that helps savers see their whole financial picture: anywhere and anytime, on any device. Unless otherwise noted: Not a Deposit | Not FDIC Insured | Not Bank Guaranteed | Funds May Lose Value | Not Insured by Any Federal Government Agency. Be aware that certain mutual funds may be subject to separate and additional redemption fees imposed by the particular fund. Refer to that funds current prospectus for details. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. is a banking affiliate of Wells Fargo & Company. 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. 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. Long Term Care costs are costly, and a 70% chance a person will need the care. Also, some retirement plans permit you to draw on your retirement plan money after a fixed number of years or upon reaching a certain age, such as 59 or the plans designated retirement age. IRAs | Empower You can open an Empower Premier IRA in less than 10 minutes. Keep your retirement savings where it is1, Stay where youre already familiar with everything. Before rolling your money into a new plan, you should compare the plans investment options and withdrawal rules with those of your IRA. Low account fees and a range of investment choices You won't pay any initial or annual account fees, and can access more than 140 mutual fund options. 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). A top peer is defined as an individual who is at the 90th percentile of the selected age band, salary range and gender. 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. 2023 Empower Annuity Insurance Company of America. Additional information may be obtained by calling 877-788-6261. 1 Some employer plans require you to move your balance if the balance is below minimum thresholds. When prompted press the star key on your phone key pad. Ultimately we build our Empower Premier Investing Account around you. Vanguard funds are available, but I'm trying to figure out the ratio of funds to use. Log In / Sign Up: 401(k) Guidance Management Services. Learn more, You May Like: How Do You Take Money Out Of 401k. Empower Investments | Empower Funds, Inc. | Fund Performance 2 The first one thousand trades (1,000) placed online each calendar year are $0; thereafter, each online trade will be charged $6.95. Do-it-myself investor who wants access to an advisor when they need one