5 Things You Didn’t Know Empower Can Do For You

You probably already knew that you can track the detailed balances and holdings in all of your accounts, including investment, checking, savings, and credit cards with one login.

Empower doesn’t actually store your passwords for those other sites, and the access they’re granted is read-only, so it’s not like a hacker could transact on any of your accounts even if they could access your dashboard

With those disclaimers out of the way, here are 5 cool things you can do when your accounts are connected at Empower.

Tracking spending is vitally important to any plan to pursue financial independence or simply to get a handle on your own finances.

#1: Track Your Spending

They say it’s not what you earn, but what you keep that counts. That’s true when it comes to your personal savings rate, and it’s also true of your investment returns.

#2 Analyze Your Investment Fees

I use a spreadsheet to track my asset allocation into broad categories: US stocks, international stocks, bonds, and alternatives. While that’s helpful, Empower’s breakdown is far more detailed and more accurate.

#3 Break Down Your Asset Allocation in Detail

If you have mortgage loans, student loan debt, personal loans, or any type of consumer debt, Empower can track it. 

#5 Track Your Debt Paydown Progress

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