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We realize this can be a challenging time

Please know that when it comes to your retirement savings, you have three options:

Stay in your current plan if allowed to.
Open and roll your savings into an individual retirement account (IRA) to keep your savings tax deferred.
Withdraw funds — but be aware of taxes and potential IRS penalties.
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Move forward with confidence

Let a licensed Empower representative help you:

  • Figure out what to do with your account while you’re between jobs and understand your choices.
  • Determine a strategy for keeping your retirement savings on track.
  • Better understand budgeting and debt management.
  • Identify ways to save/access money and determine if a withdrawal is necessary.
  • Review your overall financial wellness and savings.
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Your situation might call for taking a withdrawal from your retirement savings

Talk to a licensed Empower representative before taking a withdrawal.

  • Is taking a withdrawal necessary, and how much do you really need?
  • How would a withdrawal impact your tax situation and retirement savings?
  • If you need access to funds, what are your options?
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Here are some other things you can do now to reduce expenses:

  • Evaluate your subscriptions (e.g., streaming services).
  • See if you can delay payments to lenders.
  • Check your student loan options.
  • Reach out to your landlord/mortgage provider.
  • Consider consolidating any debt.

86%

of customers surveyed felt more confident about their retirement after talking to us1

If you’re between jobs, here are some questions to discuss with your consultant:

What should you do with your retirement savings from your previous job?

Do you have a complete picture of your finances to help you make sound decisions?

How can you adjust what you’re saving outside your retirement plan so you don’t stop saving altogether?

Do you have a complete picture of your finances to help you make sound decisions?

Consider all your options and their features and fees before moving money between accounts.

Give us a call or schedule a free consultation and let us help you take the next steps

If you're ready to open an IRA, easily do it in less than 10 minutes!

Rollover to an IRA
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1 Empower satisfaction survey and IVR data as of March 2023.

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. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice.

Point-in-time advice is provided by an Empower representative registered with Empower Financial Services, Inc. at no additional cost to account owners. There is no guarantee provided by any party that use of the advice will result in a profit.

“EMPOWER” and all associated logos and product names are trademarks of Empower Annuity Insurance Company of America.

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