Timothy Sumer

Download my FREE Cheat Sheet, CLICK HERE ... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Medicare Impact of 401k Distribution Retirement planning is crucial in today's time, and 401k has become an essential tool for retirement saving. Not only can 401k save you from a significant tax bill at retirement, but it is also advantageous to your healthcare expenses. This is because 401k distribution could impact your Medicare premiums, which are rising every year. As a retired person, you will be entitled to Medicare benefits that will cover your healthcare expenses. It is a federal health insurance program for all US citizens or permanent residents who are over the age of 65. Once you enroll in Medicare, you will pay the Part B premium, which is a monthly fee that covers medical services like doctors' visits, imaging, and

If you don’t know how to read a 401(k) statement, much less understand it, then you want to keep watching. Subscribe to our channel: Click here to book a complimentary 15-minute call with us: Visit our site: Click to Enroll Today here: We’re breaking down why it’s vital to your retirement future that you look at your statement, but also how to read and understand the information presented. Why You Need to Open and Read Your 401(k) Statements Many investors approach their 401(k)s with a set-it-and-forget-it strategy. This is not advisable as 401(k)s are often people’s largest asset come retirement. If you don’t pay attention to how your 401(k) is performing, understand what you’re paying in fees, or rebalance at least quarterly, you are not in control of your financial future. Here’s a breakdown of the 3 reasons you want to make it a point to open and read your 401(k) statements: You get to see how your 401(k) is performing. You understand what you are paying i