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Congratulations on your retirement

We want to be sure you consider all your options when it comes to your retirement savings. Here are your ways forward:

Stay in your current plan if allowed to.
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:

  • Review your strategy now that you’re retiring.
  • Determine if you have enough saved to live comfortably throughout retirement.
  • Evaluate your investments and create a plan to generate income post-retirement.
  • Align your savings and post-retirement income sources to simplify your strategy.
  • Understand any tax implications related to taking distributions.
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Other important retirement considerations:

  • Withdrawals — How much to take and when?
  • Social Security — When is the ideal time to take it?
  • Exploring Medicare options
  • Putting a plan in place in case something happens to you and/or your spouse
  • Managing other goals, such as paying off a mortgage or funding education

Now that you’ve retired, here are some questions to discuss with your consultant:

How long do you need your money to last?

Do you have a monthly budget?

How much could healthcare cost in retirement?

Are there other financial goals you’d like to meet?

Are there other ways you can keep saving during retirement?

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!

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1 Empower Retirement satisfaction survey and IVR data as of March 2022.

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.

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