- Join Empower Rewards Programs: Empower often runs rewards programs that allow you to earn points or discounts on their services. Joining these programs can lead to significant savings.
- Contribute Max to Your 401k: By contributing the maximum amount to your 401k, you can save on your taxes while also increasing your retirement savings.
- Choose the Right Investment Strategy: Empower offers various investment options for your retirement. By choosing the right strategy based on your income, savings, and retirement goals, you can maximize your returns and save money in the long run.
- Utilize Empower's Educational Resources: Empower provides a wide range of resources designed to educate its clients on financial management. By taking advantage of these resources, you can make informed decisions that lead to cost savings.
- Consider Your Withdrawal Strategies: Empower offers various withdrawal options, each with different tax implications. By strategically planning when and how to withdraw your retirement funds, you can potentially save on taxes.
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