401k for dummies explained – What is a 401k for dummies? 1-800-566-1002 . What are 401k plans explained for dummies regarding retirement and learn how you can avoid the most common mistakes that individuals have made when looking at 401k for dummies Download your Free 401k Report by clicking: A 401(k) is a type of employer-sponsored retirement plan . It is a way for employees to save for their retirement by having a certain percentage of their paycheck withheld by their employer and deposited into the company's plan. Employers can choose to match the employee's contributions and thereby share the profits of the company with their employees. The plan is usually operated through an investment firm. How does a 4o1k work for dummies? Your employer withholds a certain amount of your paycheck and deposits that money, along with any matching contributions, into your 401k account . The money in the plan is invested in various financial instruments, such as mutual funds
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)