In case you hadn’t heard: Personal Capital is now part of Empower, one of the world’s largest retirement planning companies. Empower gives you a $50 bonus for trying out their useful financial tools What a great start to 2024 it would be to get on top of your finances. Find out how!

In this review I will use both Empower and Personal Capital because not everyone knows about the new name. Eventually, I will update to just Empower.

Disclosure: This is an offer for USA residents. If you qualify for the Personal Capital / Empower bonus offer I will get a small commission at no cost to you. We have been using them since early 2018 and recommend them because of a good personal experience. I don’t know how long this offer will last, so get it before it is gone! Thank you for supporting us. If you want to know more, please read our full affiliate disclaimer page.

What is the 2024 Personal Capital / Empower Sign Up Bonus?

Have you ever thought “I wish I could see an overview of all my financial info instead of having to log into a bunch of different accounts?” Are you curious about your net worth? In this review of Empower I will share why they are an effective and safe way to manage your money.

In addition, you can earn a sign up bonus of $50 just for trying out their extensive money management tools.

Personal Capital / Empower Review

Empower is an award winning web site with many free financial tools. It groups together your financial accounts enabling you to see exactly what is going on. Similar to Mint.com, you link your accounts, and keep track of income and expenses.

You don’t need to move any money. Thanks to Personal Capital, we have easily tracked our net worth, and kept track of our expenses and our budget. We have been happy with their website and tools. In our case, we later also signed up for their wealth management services, but you don’t have to do that to get the $50.

Why Use Empower?

Just a few reasons why you should use this web site:

• Get a top level overview of your finances;
• Track and manage your money and your budget;
• All your accounts in one place;
• Rock your retirement with their retirement calculator and planner;
• Monitor and grow your net worth
  • Know what your assets are and how much they are worth;
  • Monitor your liabilities and see how they decrease while your assets grow;
• Adhere to your budget;
• Monitor your investments;
• Keep an eye on your cash flow;
• Know when your credit card payments are due.

Try out Empower for free and get $50.

What I really like about the website is how easily I can see our net worth and the underlying numbers and accounts. Another good feature is an overview of all the credit cards and their due dates, which comes in handy when we have to keep track of our credit cards for free hotel stays and free flights.

Personal Capital Wealth Management

You do NOT have to sign up for their wealth management services to take advantage of this bonus offer.

If you are looking for wealth management, we have found it to be an excellent value. They offer personal financial advisers, who do not work on commission but truly advise us on what is best for us (fiduciary). The New York Times recommends them in Our Favorite Tools to Stay on Top of Your Financial Life stating:

When it comes to managing your investments, Personal Capital is the tool to beat. The website, which is also available as an app on your phone, offers a deep dive into your portfolio, telling you which industries you’re invested in, which industries you should invest in more and how your investments have performed over time compared with the S & P 500

New York Times

If you to decide to sign up, my link will give you up to six months of free wealth management in addition to the $50 Empower sign up bonus if your portfolio qualifies.

Financial Tools in Empower

Financial Overview

Their dashboard starts with a user-friendly overview of the current state of your financial affairs. Covering information like net worth, budgeting, cash flow, portfolio balance, projections, emergency fund and debt pay down. If you want to dive in deeper, you can choose a more detailed net worth overview or a list of individual transactions over all your accounts.

• Debt Pay Off: Keep track of your progress on your path to living debt free;
• Emergency Fund: Visualize how much money you need in your emergency fund and whether you reached your goal;
• Planned Withdrawal: What is the best withdrawal strategy for your personal situation?

Banking

Here you find an overview of your budget, your bills and your cash flow. I especially like the easy way of seeing all our credit cards and their due dates and statement balances on one page. Helps a lot with travel hacking!

Investing and Planning

In addition to different ways to look at your investments and their performance, you can play around with their planners. Here is a quick review of their tools:

• Retirement planner: play around with different scenarios of income and expenses and find out whether you are on track to have a comfortable retirement;
• Withdrawal planner: how much can you withdraw each year from your retirement savings?
• Retirement fee analyzer: detailed look into the fees you are paying for your funds and ETFs;
• Investment checkup: compares your target allocation of investment with the actual allocation and shows how to re-balance if they are not close enough;
• Financial Advisor: if you are investing at least $100,000 with a Personal Capital / Empower account, you will get a personal financial advisor. In our case, they have been very helpful.

Their long-term wealth management strategies are shaped, in part, by advice from their team of experts, which includes a Nobel Prize winner and a former SEC commissioner who supports the fiduciary standard.

How Do I Get the Personal Capital / Empower Sign up Bonus?

To start exploring Empower and to take advantage of this Empwer sign up bonus offer, go to https://empowerreferral.link/karenlanzett

What Are the Conditions?

You must link at least one valid investment account (e.g. brokerage, 401k, IRA) containing a balance of more than $1,000 USD within 30 days of registering for the Dashboard. Referred Friends must agree to Personal Capital’s Terms of Use and the terms and conditions of the Referral Program as described in this section.

Accounts that do not qualify as valid investment accounts include bank, credit or debit card, Paypal, Stash, Acorns, Kapitall, Groundfloor, WageWorks HSA, Coinbase, digital currency exchanges, and manual investment accounts. Using an ad blocker may adversely affect our ability to determine your account eligibility in the program. Final determination of eligibility is at the sole discretion of Personal Capital.

Is It Safe to Use Empower?

Though there always will be risks, they do an excellent job minimizing them. Using multi-factor authorization, they require you to confirm that it really is you trying to log in, for example by sending you a code on your cell phone.

They constantly test and update their security protocols. Their web site does never store your financial login credentials. Instead, your data is encrypted and stored at Envestnet Yodlee, a platform that powers many of financial services and wealth management tools and companies. Nobody at Empower / Personal Capital has access to your credentials.

When a hacker logs in directly into your bank account, they can make financial transactions and move your money. In contrast, Empower simply lets you monitor your money, but does not have a way to interact with it.

Sign up with Empower!

Sign up with Empower now! Use it to manage your money, to keep track of your net-worth and to make sure you stay within your budget. Enjoy their financial tools, such as the retirement planner. Finally get on top of your money! As a bonus to all that, you will get a $50 Amazon gift card.

Limited Time Wealth Management Services Offer

Bonus: if you do decide to sign up for their wealth management services, you could get up to six months for free! But first, try their free tools, you won’t regret it.

Conclusion: Empower / Personal Capital

In conclusion, Empower is an excellent choice for managing your finances in the long-term. It has a range of features, from budgeting to retirement planning, as well as a bonus program that provides rewards and cash back. The wealth of data available is impressive, enabling you to make more informed, timely decisions about your finances. With total transparency, a secure platform, and user-friendly interface, Empower is the ideal choice for taking control of your money and planning for the future. As Albert Einstein famously said, “Compound interest is the 8th wonder of the world”. Take control of your finances today to experience the wonders of compound interest being used in your favor!

Pin the Empower Bonus Offer