{"id":27526,"date":"2024-12-01T20:45:12","date_gmt":"2024-12-01T20:45:12","guid":{"rendered":"https:\/\/www.wallstreetzen.com\/blog\/?p=27526"},"modified":"2025-03-11T13:45:05","modified_gmt":"2025-03-11T13:45:05","slug":"empower-retirement-reviews","status":"publish","type":"post","link":"https:\/\/www.wallstreetzen.com\/blog\/empower-retirement-reviews\/","title":{"rendered":"Empower Retirement Review: Is It a Good Company for IRA + 401k Accounts?"},"content":{"rendered":"\n

Overall rating:<\/strong> 4.5\/5<\/p>\n\n\n\n

Why we gave it this rating: <\/strong>Empower<\/a> is reliable, offers flexible options for a variety of different investing styles, and offers a variety of great tools for investors. Plus, it offers lower fees than many other IRA and wealth management accounts (for proof, see our Fisher Investments review<\/a>). <\/p>\n\n\n\n

But while Empower earns high marks for its user-friendly platform and reputation as the second-largest 401k provider, the push toward higher-fee mutual funds can be a downside for some users who choose to go with the Premier service or use an advisor.<\/p>\n\n\n\n

Below, I’ll cover its standout features, potential drawbacks, and customer reviews to help you decide if Empower is the right partner for your retirement planning. Let’s get to it…<\/p>\n\n\n

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Have you tried Empower<\/a>‘s FREE dashboard?\u00a0<\/strong><\/p>\n

If you want to see what Empower has to offer before opening a retirement account, I strongly recommend trying out its FREE dashboard<\/a>.<\/p>\n

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Empower\u2019s free dashboard allows you to track your finances and portfolio in a user-friendly format, giving you a bird’s eye view \u00a0of everything from your current budgeting to your total net worth and even forecast your retirement, education, and savings goals.<\/p>\n

It also gives you access to a variety of great financial calculators. I’m a huge fan of Empower\u2019s free retirement planner calculator<\/a> \u2013 its free to use and is helpful for understanding how your investment choices now can impact your investment in 10, 20, 30 or more years. Try it here.<\/a><\/p>\n

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Get started with Empower<\/a><\/div>\n<\/div>\n\n\n\n

What is Empower? <\/strong><\/h2>\n\n\n\n

Empower<\/a> is one of the largest and most established financial services companies in the United States. They specialize in retirement solutions like 401k management, traditional and Roth IRAs, and wealth management services. <\/p>\n\n\n\n

While the modern Empower brand was officially launched in 2014, its origins trace back to 1891, when its parent company was founded as an insurance firm on the Canadian prairie. The legacy highlights over 130 years of experience in financial services.<\/p>\n\n\n\n

So if you\u2019re wondering \u201cis Empower Retirement legit?\u201d The answer is yes. They\u2019ve been around a long time.<\/p>\n\n\n\n

Plus, Empower is the second-largest retirement plan provider in the U.S., offering tailored tools and services for individuals, small businesses, and corporations. It serves more than 17 million individual customers and supports over 69,000 organizations, managing a staggering $1.4 trillion in assets. <\/p>\n\n\n\n

Empower Retirement Services <\/strong><\/h2>\n\n\n\n
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Empower is also one of the biggest names in retirement planning, offering tools and accounts to help people save for the future. <\/p>\n\n\n\n

Whether you\u2019re new to investing or already confident in managing your money, Empower\u2019s retirement services<\/a> are designed to give you flexibility, tax advantages, and expert guidance when you need it.<\/p>\n\n\n\n

Let\u2019s continue our Empower review by taking a closer look at some of their offerings and answer common questions.<\/p>\n\n\n\n

Does Empower Offer Roth or Traditional IRAs?<\/strong><\/h3>\n\n\n\n

Empower<\/a> lets you choose between Roth IRAs and Traditional IRAs, so you can pick the option that fits your tax strategy:<\/p>\n\n\n

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Source: Empower<\/a><\/figcaption><\/figure><\/div>\n\n\n


If you\u2019re not familiar with the differences, here\u2019s quick overview:<\/strong><\/p>\n\n\n\n