Hey everybody this video is showing you how to make adjustments to your retirement account with Empower Retirement, but this same info can be used on setting up any retirement account with other companies. Check out the whole video, and I will show you how to analyze and understand what type of funds you are investing in on your retirement accounts.

If you want to skip ahead to some part check out the time stamps below:
00:00 Logging In
01:32 Change Investments
02:40 Selecting Investments
03:24 Analyzing Funds
05:20 Comparing Investment Funds
10:23 Understanding Dividend “Free money”
13:15 Setting up your Percentages

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*Should I invest with Empower?
*Empower for complete beginners.
*Step by step explanation for setting up my Empower retirement account.
*What is Empower and how can I invest in it?
*Is Empower a safe place to invest?
*Understanding how to use Empower for my 401k.
*What funds can I invest in with Empower 401k?…(read more)

LEARN MORE ABOUT: 401k Plans

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Selecting the right funds in your Empower 401K can be a daunting task, especially if you are not familiar with the various options available to you. However, with the right approach and a clear understanding of your investment goals, you can make informed decisions that will help you build a successful retirement portfolio. In this article, we will provide you with a step-by-step guide on how to analyze and select funds in your Empower 401K.

Step 1: Understand your investment goals

Before you start selecting funds, it is important to have a clear understanding of your investment goals. Ask yourself questions such as how much risk you are willing to take, what your time horizon is, and what your overall investment objectives are. This will help you determine the types of funds that are most suitable for your needs.

Step 2: Analyze your fund options

Next, you will need to analyze the fund options available to you in your Empower 401K. Empower offers a variety of funds, including mutual funds, target-date funds, index funds, and actively managed funds. Take the time to review the performance history, fees, and investment objectives of each fund to determine which ones align with your investment goals.

Step 3: Consider your risk tolerance

It is important to consider your risk tolerance when selecting funds in your Empower 401K. Some funds may offer higher potential returns but also come with higher levels of risk. If you are risk-averse, you may prefer to choose funds that offer more stable returns with lower levels of risk.

Step 4: Diversify your portfolio

Diversification is key to building a successful retirement portfolio. When selecting funds in your Empower 401K, make sure to diversify your investments across different asset classes, such as stocks, bonds, and real estate. This will help reduce the overall risk in your portfolio and improve your chances of achieving your investment goals.

Step 5: Monitor and review your investments

Once you have selected your funds, it is important to regularly monitor and review your investments. Keep track of the performance of each fund and make adjustments as needed to ensure that your portfolio remains aligned with your investment goals.

In conclusion, selecting funds in your Empower 401K does not have to be a complicated process. By following these step-by-step guidelines and taking the time to analyze your options, you can build a successful retirement portfolio that will help you achieve your long-term financial goals. Remember to regularly monitor and review your investments to ensure that they continue to meet your needs and objectives.