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History. Empower was created in 1891, when parent company Great-West Lifeco was founded as an insurance provider on the Canadian prairie. After serving more than a century of expansion and a profound evolution of service offerings, the modern iteration of Empower was launched in 2014, when the retirement businesses of Great-West Life combined the record-keeping services of Great-West Financial ...
This means most people will need other savings vehicles while contributing for retirement. “The drawback with putting all retirement savings in a 401 (k) is the distributions are taxed at ...
When you sign up for Empower, you have access to a free financial dashboard* where you can keep track of all your accounts in one place. From managing your money to tracking your goals, Empower ...
Across all age groups, the average 401 (k) balance is $112,572. This number may be skewed by extremely high-earning outliers, however. The median may be a better figure to gauge where most ...
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