Switched jobs and now time to rollover 401k plans .. previous employer used empower but was switching to with vanguard or fidelity... Plan to leave primarily in target retirement funds.. TOC: $180k
How many years until retirement? If you have 10 plus years, I would suggest you to invest in VOO or VTI or VT. Target date funds are too conservative.
Yessir, this is the way
Goal is 10, but most like 25 years to hit 🎯....
How are you able to do this with empower? My former employer also used empower and said I’d have to pay a processing fee and it would take weeks to transfer to a new servicer.
You don’t call empower. You call the custodian where you want to move to. Done this many times and my IRA is with Vanguard. Just call them and they will do everything.
It’s worth paying a fee to move out of empower