Investment options offered to Empower Retirement participants include funds managed by Great-West. To speak with a representative, please contact us between 8:30 a.m. and 8 p.m. 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. The investment options are the same in both the 401 (k) and the 457. You will see a quarterly deduction on your statement for $12.50. The managed account service is part of the Empower Advisory Services suite of services offered by Empower Advisory Group, LLC, a registered investment adviser. EMPOWER and all associated logos, and product names are trademarks of Empower Annuity Insurance Company of America. 3 The first one thousand trades (1,000) placed online each calendar year are $0; thereafter, each online trade will be charged $6.95. 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. Long Term Care costs are costly, and a 70% chance a person will need the care. 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. Try not to go it alone, he advises. Before rolling your money into a new plan, you should compare the plans investment options and withdrawal rules with those of your IRA. It may seem like free money, but it's really not. Additional information may be obtained by calling 877-788-6261. Empower Retirement PO Box 173764 Denver, CO 80217-3764 Tennessee Department of Treasury. We have a similar plan through Empower with a similar list of good funds. County of LA Defined Contribution Plans. Thomas experience gives him expertise in a variety of areas including investments, retirement, insurance, and financial planning. A guaranteed retirement plan is a type of investment account that offers a guaranteed "stream of income" during retirement. Whatever your financial needs may be, we have the people and resources to help set you up for success. Also Check: Opportunity Zone Investment Funds Vanguard. 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. Your Personal Identification Number is required to access your personal account information and to initiate any transactions. Before you decide whether Empower is right for you, its a good idea to do some research. 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. Choose our fully bundled option or use your local third-party administrator (TPA). We offer a variety of products and services that can help no matter where you are on your financial journey. Financial wellness & participant experience, Market timing and excessive trading policies. During retirement, a Texa$aver account can help you weather inflation and increased medical expenses as you age. You also may have other options including, but not limited to a rollover distribution of the account and a lump sum payable to yourself. Not a deposit or guaranteed by any bank affiliate or credit union. Contact us for a prospectus, a summary prospectus and disclosure document, as available, containing this information. Roth IRA Annuity: Setup a Roth IRA Annuity first. You are also required to take an annual minimum distribution starting at age 70, whether if youre still working or not. EMPOWER and all associated logos and product names are trademarks of Empower Annuity Insurance Company of America. Empower Financial Services, Inc. reserves the right to change and/or modify pricing. Our Retirement Solutions Group consists of licensed, experienced professionals who can assist participants with the following: 60% of people who cash out their retirement plan do so with "major regret. Non-U.S. residents are subject to country-specific restrictions. You'll be able to choose from a wide selection of mutual funds and stocks that match your personal goals and investment style. The 401(k) plan lets you take control of your retirement by investing in fund options of your choice. But do you know the true cost? 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. Please contact your service representative or visit the brokerage website for more details. Non-Qualified Annuity: After the Roth IRA Annuity has been fully funded each year, set up and fund the non-qualified annuity. Learn more, You May Like: How Do You Take Money Out Of 401k. Deciding between traditional vs. Roth IRA? Resist the temptation to cash out 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. Read Also: How Much Money Do I Have In My 401k. A 401 rollover is the technical term for transferring the money in an old 401 account to another retirement account. Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV). Please reach out to us via the method you prefer. Learn more about how PSC can help your clients manage their plan and measure ongoing success. 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. (7,000 participants; published June 2014). This material is for informational purposes only and is not intended to provide advice, investment, legal or tax recommendations. Empower Retirement Plan Employee Login Need Help? 4 Additional transaction fees may apply depending on trading activity. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF. ETFs are subject to risks like those of their underlying securities. Empower is the number one choice of industry professionals. Age-based target date funds are the default investment option for the 401 (k) / 457 plans. 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. Financial wellness & participant experience, Market timing and excessive trading policies. The fund companies listed and their representatives are part of the Empower Fund Partner Program. Sorry, you need to enable JavaScript to visit this website. HealthView Services is not affiliated with GWFS Equities, Inc. Empower Retirement does not provide healthcare advice. The results may vary with each use and over time. Which type of account would you like to sign up or register for? Let Capitalize handle your 401 rollover for you, for free! EMPOWER and all associated logos, and product names are trademarks of Empower Annuity Insurance Company of America. ETFs are a type of exchange-traded investment product that must register as either an open-end investment company (generally known as "funds") or a unit investment trust. Empower is just the recordkeeper. Start investing for your child's future with an Empower custodial account. See if there are any limitations, confirm that your savings are eligible to roll over into the plan and understand any paperwork they require. Online advice and the managed account service are part of the Empower Advisory Services suite of services offered by Empower Advisory Group, LLC, a registered investment adviser. Investing involves risk, including possible loss of principal. Our investment account offers another way to invest for your future and meet your goals outside your retirement savings. EFSI is an affiliate of Empower Retirement, LLC; Empower Funds, Inc.; and registered investment adviser, Empower Advisory Group, LLC. We make operational responsibilities easy (MORE) for your clients with a suite of services designed to help deliver a valuable retirement benefit to individuals in plans while making life easier for plan sponsors. Certain ETFs are available commission-free. 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. - please reformat your post to look like this: - but is this your desired AA? This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. Defer benefits until the full Social Security retirement age or age 70. EFSI and Pershing are separate, unaffiliated brokerage firms. Contact us for a prospectus, summary prospectus or disclosure document containing this information. InvestmentProGuide.com is a one-stop resource for everything you want and need to know about investments and investing. Transfer to an IRA and take control of your retirement savings. Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. A rollover IRA allows individuals to move their employer-sponsored retirement accounts without incurring tax penalties and remain invested tax-deferred. If you are not able to answer the security questions, when prompted press the star key on your phone key pad after each question. see above. - not true. Its never too soon to plan for a more financially secure retirement. Retirement savings/ (Gross pay+ER contribution) = 20%+. Empower does not receive compensation from Personal Capital for any referrals. EFSI is an affiliate of Empower Retirement, LLC; Empower Funds, Inc.; and registered investment adviser, Empower Advisory Group, LLC. You May Like: How Do I Use My 401k To Start A Business. Contact Empower for a prospectus, summary prospectus for SEC-registered products or disclosure document for unregistered products, if available, containing this information. We consider all your goals and give you guidance to help meet them. 1 The first one thousand trades (1,000) placed online each calendar year are $0; thereafter, each online trade will be charged $6.95. 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. The table below shows the differences between a 401k and an indexed universal life insurance policy. EFSI is an affiliate of Empower Retirement, LLC. Which type of account would you like to sign up or register for? Your most recent pay stub may help in answering the questions. Enhanced implementation tracking launching soon. If you are a prospective Financial Professional, thank you for your interest in Empower Retirement. Here are a few of our favorites: Dont Miss: Should I Create An Llc For My Investments. Reviewing your quarterly statement on a regular basis is a good habit to . Benefits include: This exclusive, customized portfolio and dedicated advisor team specializes in what matters most to you. Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC, EFSI is an affiliate of Empower Retirement, LLC; Empower Funds, Inc.; and registered investment adviser Empower Advisory Group, LLC. The results may vary with each use and over time. You'll be able to choose from a wide selection of mutual funds and stocks that match your personal goals and investment style. Moving your funds to an IRA is the route financial experts advise in most instances. 7 Any uninvested cash in your account may be withdrawn up to your account balance. ETFs are not mutual funds. If you have a traditional 401, those contributions were also made pre-tax and the transfer is simple. On-demand access to accounts, positions and balances. An IRA is a great way to invest for retirement because of its tax advantages. is a banking affiliate of Wells Fargo & Company. If youve decided to leave your current job for another, you will need to decide what to do with the money that you have invested in your current companys 401 plan. My hospital uses Empower Retirement for our 401k, 403b, 457b, 457f accounts. More than 300 mutual fund families, thousands of individual mutual funds and stocks as well as more than 1,400 ETFs to choose from. Get personalized guidance, straightforward solutions and actionable information that helps get you closer to your financial goals. 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). 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. Read Also: Current Interest Rates For Investment Property Loans. The Empower Premier Investment Account is intended for knowledgeable investors who acknowledge and understand the risks associated with an investment account. Recommended Reading: How Do I Invest In The Nasdaq. *Note: If you have an existing rollover or traditional IRA at Prudential, you can roll your assets into that account. WFCS and its associates may receive a financial or other benefit for this referral. If your employer terminates your retirement plan, or if you become disabled, you may be given an opportunity to take a distribution. Ask your sales representative to review our comprehensive services. If you are a more seasoned investor and would like to manage your own investments, then a Brokerage IRA may be for you. Investing involves risk, including possible loss of principal. If you are a current advisor for Empower Retirement or an existing plan sponsor, do not use this form for customer assistance. It's best to just keep it simple. Taxes and penalties can take a big bite out of your retirement savings. Be aware that certain mutual funds may be subject to separate and additional redemption fees imposed by the particular fund. ETFs are a type of exchange-traded investment product that must register as either an open-end investment company (generally known as funds) or a unit investment trust. 2 The first one thousand trades placed online each calendar year are $0 thereafter, each online trade will be charged $6.95. For more information regarding the name changes, please visit www.empower.com/name-change. Options typically include leaving it where it is, rolling it over to a new employers plan, or opting for an IRA rollover. A rollover IRA is an individual retirement account often used by those who have changed jobs or retired. You are immediately vested in the 401 (k) and can decide how your money should be invested given your individual goals, risk tolerance, and timeline. Financial wellness & participant experience, Market timing and excessive trading policies. Any amount held in investments other than American Funds is subject to applicable sales charges. 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. The results may vary with each use and over time. This material is for informational purposes only and is not intended to provide investment, legal, advice or tax recommendations. EFSI is an affiliate of Empower Retirement, LLC; Empower Funds, Inc.; and registered investment adviser Empower Advisory Group, LLC. Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. Existing participants should contact Empower Retirement Services for a Rollover Statement. Which type of account would you like to sign up or register for? Income generated from a Roth IRA Annuity will be tax-free as long you follow the IRS guidelines. 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. Weigh your options No annual account maintenance fee for accounts over $100,000.1, Commission-free online trading of stocks and ETFs.2. Not insured by any federal government agency. 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. Step 4 - Calculate Your All-In 401 (k) Fee. Advisory services are provided for a fee by either Personal Capital Advisors Corporation ("PCAC") or Empower Advisory Group, LLC (EAG) depending on your specific investment advisory services agreement.