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

Today we're focused on comparing a 401k loan to an early withdrawal from a Traditional IRA. We will include the new CARES ACT rules. If you are currently struggling financially and have to make a decision between the two then here are some things to consider. Remember a 401k loan is a loan from yourself to yourself and no one else. An early withdrawal from a Traditional IRA is treated differently now thanks to the CARES ACT which was introduced due to the virus. We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. ---Ready to subscribe--- For more information visit: www.JazzWealth.com --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW T

I was asked about using a 401k Loan to invest in real estate. Here is my response. Join me Fridays @ 8 a.m. EST for a Live Q&A! ---------------------------------------------------------- Click here for a free 7-day trial to PropStream: This is an affiliate link, and I thank you a ton for using it...it helps me feed my kids! Want to join a group of like minded men to encourage you, hold you accountable, and help you reach your goals faster? Watch this video about the Seek Wisdom Mastermind group: and fill out an application at --------------------------------------------------------- About Ryan Ingram: I believe the meaning of life is to become the best version of yourself for the benefit of all those around you. Over the past 3 years, I have made drastic improvements to my life. Mainly, because my wife and I had our son; it was very important for us that she be a stay at home mom. Unfortunately, on my salary in law enforcement, I couldn't make that happen.

With the CARES Act you are allowed to defer 401k loan payments for a period of 1 year. Today we will look at why it is ok to defer this over something like a student loan if you can afford to begin payments on your student loan. We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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 As we all know, a 401k is a retirement savings plan that is offered by employers to their employees. It provides employees with an opportunity to save for retirement by contributing a portion of their salary before tax. However, s

It is fundamental to know all about the 401k to gold IRA rollover guide for workers in the United States. It is a hot topic, within the scope of those who tailor their retirement life in the future. Click here to learn more = Switching the retirement fund from the 401k to the gold IRA is a well-known choice for many people. It offers more benefits than keeping the fund in the retirement plan under the control of employers. Before checking on the 401k to gold IRA rollover guide, it is okay to look into the first plan. Assessing everything regarding the retirement plan from the government will provide a clear understanding of it beforehand. A custodian will hold the metals because it is illegal for the workers to keep them. Meanwhile, a broker will be the one to sell the metals to the workers. The 401k to gold IRA rollover guide start that simple. After a worker owns an account of a gold IRA, it is time to choose either a direct or indirect rollover process. The straightfor

Early 401k Distribution Without Penalty #shorts #retirement #financialfreedom Full Video Here: How To Take Early 401k Withdrawal Without Penalty || DON'T Rollover Your 401k || 401k Rule 55 Click Here For More retirement planning Videos: In this video, I want to talk about the Rule of 55 for 401k's and why if you are thinking about retiring early you should NOT rollover your 401k. The Rule of 55 is an IRS guideline that allow individuals in retirement to pull out retirement income from their old 401k without paying the 10% penalty for early withdrawals. This rule applies to 401k's and 403b's. The rule applies whether you are let go from work or you decide to retire. Why does the 401k rule of 55 matter? Because in today's world of FIRE movements and individuals wanting to retire at 55, the 401k rule of 55 gives retirees a way to get retirement income without paying a 10% penalty from qualified retirement assets. Remember, you are not allowed to

UP NEXT: “The Father of the 401k” Ted Benna stops by to discuss the current state of retirement and creating the $6.7 Trillion dollar 401k market.... ( 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 https://inflationprotection.org/the-man-who-created-the-401k-ted-benna-discusses-the-current-state-of-retirement-with-prince-dykes/?feed_id=37269&_unique_id=636a043edfac9 #Inflation #Retirement #GoldIRA #Wealth #Investing #401k #401kcaresactwithdrawal #401kinvestment #401kloansexplained #401Kretirementplan #401kwithdrawal #Bonds #business #Currencies #Equities #investing #investingforbeginners #investinginstocksforbeginners #investingwithrose #investment #market #Markets #money #news #NYSE #personalfinance #politics #retirementinvestmentmyths #savings #stockmarket #Stocks #tedbenna #tedbenna401kmonster #401k #401k #401kcar