Timothy Sumer

In this video, we'll explain what a 401k is and how it works. We'll cover the basics of employer-sponsored retirement plans, including how they're funded, how contributions and investments are managed, and what tax advantages they offer. We'll also discuss the differences between traditional and Roth 401k plans, as well as some of the key considerations to keep in mind when choosing and managing your 401k investments. Whether you're new to retirement planning or looking to optimize your savings strategy, this video is a must-watch! Like, Comment, and Subscribe! If you would like free stocks, click the links below. Join Robinhood with the link below you will be able to pick your own free stock 🤝 Join Webullwith the link below you will be able to pick your own free stock 🤝 Join Coinbase with the link below you will be able to pick your own free stock 🤝 ... ( read more ) LEARN MORE ABOUT: 40...

401k Explained! Want to retire with over $1M in your 401k? For anyone that's starting a new job or new to investing or new to 401ks - this is the video for you! I break down the details of what a 401k is, how it works, and what you can do to maximize this tool to earn you the most profit by retirement. You’ve finally entered the workforce with your first real corporate job. But there’s so much to learn, right? You gotta get to know your new boss and your new teammates, learn how to use the company tools & software, even figure out what the best times are – for you to use the office restrooms. And beyond that – you still gotta: · Sign up for your health benefits · Make your insurance elections · And most importantly, learn how to set up and take advantage of your 401k plan. Your 401k, is an essential part of your compensation package – and if you start early enough, it can be an amazing tool to help you save a large amount money towards your retirement. So today, ...

#shorts #shortsvideo #RetirementPlanning #EarlyRetirement #MaximizeContributions #RetirementAccounts #RothIRAs #401kMatching #FinancialIndependence #RetirementPlanningTechniques Prepare for a secure retirement and explore early retirement strategies in this informative YouTube short. Discover how to maximize contributions to retirement accounts, including the benefits of options like Roth IRAs and 401(k) matching. Gain insights into effective retirement planning techniques and strategies that can help you achieve financial independence sooner. Take charge of your future and embark on a path towards a fulfilling and early retirement. Keywords: retirement planning , early retirement strategies, maximize contributions, retirement accounts, Roth IRAs, 401(k) matching, financial independence, retirement planning techniques.... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account R...

In this video, we'll explain what a 401k is and how it works. We'll cover the basics of employer-sponsored retirement plans, including how they're funded, how contributions and investments are managed, and what tax advantages they offer. We'll also discuss the differences between traditional and Roth 401k plans, as well as some of the key considerations to keep in mind when choosing and managing your 401k investments. Whether you're new to retirement planning or looking to optimize your savings strategy, this video is a must-watch! Like, Comment, and Subscribe! If you would like free stocks, click the links below. Join Robinhood with the link below you will be able to pick your own free stock 🤝 Join Webullwith the link below you will be able to pick your own free stock 🤝 Join Coinbase with the link below you will be able to pick your own free stock 🤝 ... ( read more ) LEARN MORE ABOUT: 40...

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 ...

Give Money to Get Money! #shorts By Giving Money, You CAN Get Money! If you have a 401(k) where your company matches, you can get up to 100% return on any money you contribute, up to the company match. Maximize this feature of your 401(k) and your future retirement may thank you! #401kmatch #401kcontributionlimits #givemoneygetmoney... ( 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 401k match is a benefit offered by many employers that allows employees to contribute a percentage of their salary to a retirement savings plan. The employer will then match a certain percentage of the employee's contribution, up to a certain amount. This means that if you take advantage of the 401k match, you can effectively double your money over time. The concept behind the 401k match is simple. By contributing a portion of your salary to y...

A 401k will most likely be the largest investment account you own throughout your lifetime. But investing in a 401k can get a little confusing because there's so much to learn. The worst part is that your employer doesn't teach you what to do. In this video, I break down everything you need to know about investing in your 401k. We'll cover the different types of accounts, your investment option, and many more things as well. Roth 401k Vs. Traditional 401k: 01:10 - 401k Advantages 02:52 - 401k Defined 07:36 - Employer Match 09:10 - Choosing A Brokerage 09:29 - How To Invest In A 401k 10:09 - How Much To Invest 11:11 - Investment Options Learn how to build a $300k HSA account here: Everything you need to know about index fund investing is right here: Here is the road map for how you should invest your money: IRA Playlist: Check Out My Recommendations (It helps support the channel): 🔥 M1 FINANCE Investing- Free $10 (once you deposit at least ...

Investing in 401k for beginners . Today we will talk about Investing in 401k and roth 401k for beginners. 401k is essentially a retirement savings account provided by your employer. Your employer will give you a benefits package and inside will have your 401k details. They will provide you the details to set one. Once you setup a 401k account , you fund it by adding percentages of your paycheck into that account. At that point you have the option of investing in a variety of assets (i.e. stocks, bonds, mutual funds). Over time, your money grows. Ideally, when you retire, you'll have a big stack of money that's been growing for years. And at retirement whatever money you have in there is your new income. Now we know the basics lets understand 401k even more. Funding 401k account There are two types of 401k, traditional 401k and Roth 401k. The basic difference between a traditional and a Roth 401(k) is when you pay the taxes. With a traditional 401(k), you make co...

On the Your Money, Your Wealth® podcast episode #215, Joe Anderson, CFP® and "Big Al" Clopine, CPA answer this question from Scott in New York: "Good day and thanks for the podcast. My question is, do you still advise contributing to a company 401(k) or 457 even if the company DOES NOT provide any matching funds? Since I work for a state agency, there is no matching, however, I have a pension that I contribute to which amounts to 5% of my income each year. Would you suggest contributing some funds to the 401(k)/457 and some funds to an IRA, or some combination? The tax deductibility is good, but I would also like the “free money”. But seems you can not have both working for the state. Thanks for your time." Read the transcript and show notes or listen to the full podcast: If you would like to schedule a free assessment with one of our CFP® professionals, click here: Make sure to subscribe to our channel for more helpful tips and stay tuned for the next...

Walmart Roth 401k with Merrill Lynch, Employee Setup, Matching, & Contribution Rates Walmart has an Employee Sponsored Retirement savings account that allows its employees to make investments in their future. They only offered a Traditional 401k account , but now they offer a Roth 401k account . The company match is 100% of the first 6% invested in your 401k. In this video you will see the basics of setting up the Roth 401k account , adjusting your contribution rates, matching contribution, 401k estimate calculator and adding the account. One key difference with the Roth 401k is that contributions have already been subject to income tax, so no additional income taxes are due when you withdraw the amount of your contributions. You pay taxes on them now, but in a Traditional 401k you pay taxes when you take the money out at retirement. Login to to begin the process. Should you get a Traditional or Roth 401k? Here are some articles to help you decide. Each person should...