Without Empower, I would have spent over $87,000 in excessive fees over the next 20 years. Take a look at my example below. Portfolio fees are a serious problem which will rob you of your retirement wealth if you are not careful. Don't let ignorance rob you of your financial well bei...
The investment checkup evaluates your asset allocation and compares it to what Empower recommends. Based on your investment profile, Empower recommends an asset allocation. Here's what it recommends for me, given my age, years to retirement, and risk tolerance: Recommended Asset Allocation My actua...
expenses, and savings is pivotal, helping you track spending, manage necessary costs, and save for emergencies or future plans like college or retirement. This approach not only mitigates financial stress but also ensures a stable foundation for your family...
I was pleasantly surprised at how easy it was tosign up for Empowerand link all of my accounts. We have over 20 accounts spread across eight or nine brokerage firms,retirement plans, credit unions, and banks. It took about 20 minutes to link all of those accounts and add a few credit ...
We are seeing an explosion of need amongst seniors and what might be termed ‘pre-seniors’ (those close enough to retirement age that they are finding it very hard to get employed as people don’t want to invest training cash in them). Really, once you are in mid to late 50’s it...
Gone are the days of being able to rely on pensions or Social Security or even your employer to carry out your retirement plans. Many employees no longer have a pension and it’s up to you to properly fund your 401k. Do you know if your 401k has an SDBA, which stands for Self-Dire...
We are seeing an explosion of need amongst seniors and what might be termed ‘pre-seniors’ (those close enough to retirement age that they are finding it very hard to get employed as people don’t want to invest training cash in them). Really, once you are in mid to late 50’s it...
The investment checkup evaluates your asset allocation and compares it to what Empower recommends. Based on your investment profile, Empower recommends an asset allocation. Here's what it recommends for me, given my age, years to retirement, and risk tolerance: ...