Timothy Sumer

So, what is a Roth IRA? We've heard the term thrown around but in this video we dive into the details of what it actually is! -- Checkout my Get Out of Debt Like a Maniac Course: Use Promo Code: "YTGOODLAM20" for 20% Off the Get Out of Debt Like a Maniac Course! Shop Merch and All My Equipment (Books, Cameras, Mics, etc.) Here: My Set Up (Affiliate Links): Camera: Microphone: Microphone Accessories: SD Card: Everything in one place: About Nickolas Natali: After living in a car for two years I’ve gotten keen on listening to and telling good stories. My channel is full of vlogs of the Burb Life, my travels abroad, and big life events of my friends and myself. The future of the channel looks bright with a forecast of comedy commentary and sketches. I upload every Monday, Wednesday, & Friday at 5PM and release a new episode of my life strategies podcast ‘The Nickolas Natali Show’ at 6AM on Fridays! Those are guaranteed bangers to put a smile...

You might be making a few mistakes with investing in your 401k that could cost you a lot of money. Unfortunately, your employer and HR department aren't of any help so it's up to you to understand these things about your 401k. I've made a few of these and they've cost me thousands of dollars that I'll never be able to get back. In this video, I'll go through some costly 401k mistakes that you should make sure to avoid. Check Out My Recommendations (It helps support the channel): 🔥 M1 FINANCE Investing- Free $10 (once you deposit at least $100 within 30 days) Here's a video on how to use M1 Finance 📝 Empower (previously called "Personal Capital")- Free Net Worth Tracker & Retirement Planner 🔒 AURA - 14 day free trial to see if your personal information has been leaked online 💎 WEBULL - Up to 12 Free Stocks When You Deposit Any Amount Of Money 💵 ROBINHOOD - 1 Free S...

So, what is a Traditional IRA? We've heard the term thrown around but in this video we dive into the details of what it actually is! Pounding your investments as often as you can is the name of the game. ---- Checkout my Get Out of Debt Like a Maniac Course: Use Promo Code: "TheNNShow30" for 30% Off the Get Out of Debt Like a Maniac Course! Shop Merch and All My Equipment (Books, Cameras, Mics, etc.) Here: My Set Up (Affiliate Links): Camera: Microphone: Microphone Accessories: SD Card: Everything in one place: About Nickolas Natali: After living in a car for two years I’ve gotten keen on listening to and telling good stories. My channel is full of vlogs of the Burb Life, my travels abroad, and big life events of my friends and myself. The future of the channel looks bright with a forecast of comedy commentary and sketches. I upload every Monday, Wednesday, & Friday at 5PM and release a new episode of my life strategies podcast ‘The Nicko...

Preparing for retirement begins around age 18 and it continues up until your '60s. There are many options to choose from when it comes to saving your money, so we decided to make a series of videos exploring those options. In this first video, we are going to discuss employer sponsored retirement plans like the 401k, 403b, and the 457 plan. We make videos like this to help everyone like us save money or take advantage of any existing opportunities out there to gain Financial Freedom. For more videos like this, please like, share, subscribe, and hit that bell to get notified of our latest videos. Disclaimer: All we talk about or review in this channel is just our opinion. We are not financial advisers. For seeking a professional financial advice talk to licensed professionals. #retirement #retirementoptions #401k #403b #457 #employersponsoredretirementplan... ( read more ) LEARN MORE ABOUT: Retirement Planning REVEALED: Best Investment During Inflation H...

⯮Join Medium with my referral link - 1 Minute Wealth: Are you trying to decide between a Roth IRA and a 401K for your retirement savings? In this one minute video, we'll quickly break down the key differences between these two options to help you make an informed decision. First, let's start with Roth IRAs. These accounts allow you to contribute after-tax money and make tax-free withdrawals in retirement. They also have lower contribution limits and income restrictions compared to 401Ks. On the other hand, 401Ks are employer-sponsored accounts that offer employer matching contributions and higher contribution limits. However, contributions to a 401K are made with pre-tax money, and withdrawals in retirement are taxed as ordinary income. So, which one is right for you? It ultimately depends on your financial goals and circumstances. Consider factors like your current tax rate, income level, and whether you have an employer matching program. By understanding the k...

Traditional Vs ROTH IRA Vs 401K - Which Should YOU Choose? The difference between a Roth IRA vs Traditional IRA confused a lot of people, but in this video, I explain what is IRA account, whether you should open a Traditional vs Roth IRA, what is Roth IRA and how does it work, IRA explained, and all about retirement accounts and investing for beginners. After a comparison of Roth IRA vs Traditional IRA, I also explain what is a 401k plan , and how the IRA and 401K work together to help you invest your way to financial freedom. Passive investing and growth investing goes hand in hand. If you want to make passive income and start your way to your financial goals, then you have to figure out which investment vehicle is right for you! So many different options, but which one should you choose?ach person is different and in order to make the most out of your money, you need to understand the concept of knowing your financial goals. The purpose of our channel is to provide simpl...

Everything you need to know about the ROTH IRA. What you need to know about ROTH IRA. What you need to know about ROTH IRA investing. Through this video, I wanted to share very important “know how” and ROTH IRA investing tips, based on my personal experiences and ROTH IRA investing mistakes. Some of the investing principles mentioned in this video also apply to regular IRA (individual retirement account ) investments. Roth IRA Basics: 1. With a Roth IRA, you contribute POST TAX MONEY, i.e., money that’s left over after you’ve already paid taxes on it. 2. All of the profit generated in this account is tax free after the age of 59.5. That could save you a LOT of money by the time you retire, especially if you begin investing early on. 3. You can withdraw whatever money you contribute to this account, at any time, tax free, without paying any penalties. 4. However, if you want to withdraw your PROFIT from this account before the age of 59.5, that will be subject to a 10% p...