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Empower Retirement: A Cost-Effective Solution for Retirement Planning

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Empower Retirement offers a streamlined retirement plan solution for cost-conscious individuals.

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Empower Retirement, a leading retirement planning company, is revolutionizing the way Americans approach their retirement plans. With a focus on providing cost-effective solutions and fiduciary services, Empower Retirement aims to empower individuals to retire with financial security and peace of mind.

In a recent survey conducted by Empower, it was revealed that almost 60% of Americans believe that money can buy happiness, at least to some extent. This belief stems from the notion that having financial freedom allows individuals the option to retire comfortably. With Empower Retirement's comprehensive retirement plan solutions, individuals can now make informed decisions about their financial future.

Financial advisors can now offer retirement plan sponsors access to a cost-effective and streamlined plan solution with fiduciary and advisory services. This innovative approach ensures that individuals receive the best possible guidance and support throughout their retirement journey. By partnering with Empower Retirement, financial advisors can enhance the retirement planning experience for their clients while minimizing costs and maximizing investment returns.

According to recent research from Empower, the average expected retirement age has been pushed back by three years to age 63. This shift is attributed to various factors, including inflation, interest rates, and the burden of student loans. The study highlights the need for individuals to reassess their retirement plans in order to adapt to the changing economic landscape. Empower Retirement's comprehensive services can assist individuals in navigating these challenges and achieving their retirement goals.

Empower Retirement recently launched a new service that was first previewed at Envestnet's 2023 Elevate Conference in Denver. This service aims to address the evolving needs of retirement plan advisors and plan sponsors by providing a seamless and user-friendly platform. The growing number of retirement plan advisors choosing Empower Retirement as their preferred solution showcases the company's commitment to innovation and client satisfaction.

In today's inflationary environment, many individuals are reconsidering their retirement plans. Empower Retirement's latest research highlights the impact of inflation on retirement savings and emphasizes the importance of proactive planning. By leveraging the expertise and resources offered by Empower Retirement, individuals can make informed decisions that will safeguard their financial future.

One of Empower Retirement's notable initiatives is the "managed accounts" program, which covers more than 10,000 of the 122,000-plus retirement accounts managed by the state. This program provides individuals with personalized investment strategies tailored to their specific needs and goals. By utilizing advanced technology and expert advisors, Empower Retirement ensures that individuals receive the best possible investment outcomes.

A survey conducted by Empower Retirement reveals a generational divide when it comes to the topic of income and retirement planning. Younger generations prioritize higher incomes and view retirement as a distant goal, while older generations value financial stability and prioritize retirement planning. Empower Retirement recognizes the importance of catering to the unique needs of different generations and offers tailored solutions to meet their diverse requirements.

Empower Retirement's advisor-sold retirement plan business has experienced significant growth, encompassing plans with up to $50 million in assets under administration (AUA). This growth can be attributed to Empower Retirement's commitment to providing exceptional service and innovative solutions. With a strong focus on customer satisfaction, Empower Retirement continues to solidify its position as the second-largest retirement services company in the United States.

Under the leadership of Ed Murphy, Empower Retirement has experienced remarkable growth in less than a decade. Murphy's vision and strategic approach have propelled the company to become a key player in the retirement planning industry. With a strong emphasis on customer-centric solutions and a commitment to excellence, Empower Retirement is well-positioned to empower individuals to achieve their retirement goals.

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