Timothy Sumer

In this video, I answer the question, "how much can I contribute to my 401(K)?" First, I explain how the 401k works and a comparison to the Roth IRA. Then I talk about a few of the 401(k) retirement rules. After, I show a w-2 form so you can see how the 401k reduces your taxes but is still subject to social security and Medicare taxes. Lastly, I explain how the matching contributions work and go through a few examples of how the 401k reduces your taxes. ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: Get IRS FORM W4 TAX WITHHOLDING HELP HERE STARTING AT $39. bit.ly/3FJ6w8U ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an on

401k Explained in 3 Minutes! You probably work at a company with a 401k retirement plan right? does it make sense? how does a 401k work? no?! Ok, this video should clear in up in 3 minutes. yes, its a 401k explained in 3 minutes. #investing #affiliatemarketing #kevinjpineau My #1 Online Business Recommendation to Grow and into a Full time Income.✅ Get a Free Portfolio 401 K Analysis with Blooom here: Get $5 When You Fund Your New Acorns Account With $5 or More Using This Link: ➡View My Channel: Youtube tools: DISCLAIMER: This video and description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support! -~-~~-~~~-~~-~- Please watch: "What is an email swipe?" -~-~~-~~~-~~-~-... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation H

Learn What is a 401k plan with this #youtubeshorts Finance Dictionary is place to learn about everything finance in one place. 📖 New video every Monday at 7 pm EST. 📆 I am open to collaborate with brands. Reach out at- financedictionaryyt@gmail.com Remember to like and subscribe. ✅ ------------------------------------------------------------- DISCLAIMER: Finance Dictionary including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Finance Dictionary results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investme