The Empower Retirement IRA

When you leave a job or retire, you’ll need to figure out what to do with the money you've saved in your prior employer’s retirement plan. And while some other things about leaving a job or retiring may seem complicated, Empower makes this part easy.

As with any financial decision, you are encouraged to discuss moving money between accounts, including rollovers, with a financial advisor and to consider costs, risks, investment options and limitations prior to investing.

Our loyalty program

At Empower, you have the opportunity to access a variety of features and benefits depending on your account balance. These include a dedicated retirement advisor, industry-expert webinars, Premium access and much more. You could also think about using your IRA to consolidate additional retirement assets that might help you get more out of your IRA.

Investment options and services

When you enroll in an Empower Retirement IRA, you have access to a variety of investment options as well as Empower Retirement Advisory Services, which can help you build a savings and investing strategy. Empower Retirement Advisory Services is provided by Advised Assets Group, LLC (AAG), a registered investment adviser.

There is no guarantee provided by any party that participation in any of the Advisory Services will result in a profit or that the related account will outperform a self-managed portfolio invested without assistance.

Your options

You can choose from more than 130 investment options with a wide range of styles and objectives from a variety of leading investment management companies. When you are ready to take a distribution from your account, you can choose to receive a full withdrawal or partial withdrawals through available periodic payment options.

Empower Brokerage

Choose from an expanded selection of mutual funds and stocks that match your personal objectives and investment style. The Empower Brokerage IRA option includes:

  • On-demand access to accounts, positions and balances.
  • No annual account maintenance fee for accounts over $100,000.2
  • Competitive fees and expenses.
  • More than 300 mutual fund families, thousands of individual mutual funds and stocks as well as more than 1,400 ETFs to choose from.

The Empower Brokerage IRA is intended for knowledgeable investors who acknowledge and understand the risks associated with the investments available through an Empower Brokerage account.

Access to best interest recommendations

If authorized by your plan, you may have access to advice related to which investment option is right for you. A licensed retirement consultant can work with you to uncover the unique factors in your situation and assist you with coming to a recommendation. This service is available at no additional charge.3

1 2013 annual defined contribution partners study of 7,000 participants. Study conducted by the Boston Research Group and referenced in the article Improving DC Plans by Eradicating Leakage and Friction. Advisor Magazine, 2013.

2 Other account fees. fund expenses. brokerage or service fees may apply.

3 GWFS Equities, Inc. reserves the right to change and/or modify pricing.

Securities available through Empower Brokerage are offered by GWFS Equities, Inc., Member FINRA/SIPC and a subsidiary of Great-West Life & Annuity Insurance Company. Clearing, settlement, custody and other brokerage services are provided by Pershing LLC, Member FINRA/NYSE/SIPC and a wholly owned subsidiary of The Bank of New York Mellon Corporation. Additional information may be obtained by calling 877-788-6261. GWFS and Pershing are separate and unaffiliated brokerage firms. Accounts are subject to review and approval of GWFS.

GWFS Equities, Inc. may receive a fee from mutual fund companies participating in the Empower Brokerage service for providing certain distribution, administrative and shareholder services.

Be aware that certain mutual funds may be subject to separate and additional redemption fees imposed by the particular fund. Refer to that fund's current prospectus for details.

Transaction fees may apply to certain mutual funds. Transaction fees, where applicable, will be noted during online order entry or via your registered representative during broker-assisted trades.