Timothy Sumer

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Showing posts with the label 401kmillionaire

401K Calculator Tutorial: Predicting Average 401K Balance by Age in 2023

How much money should you have in your 401K retirement investments at every age? Are you ahead or behind the curve? Download your free 401K calculator at the link below! Want to create live streams like this? Check out StreamYard! ➡️ Private Group Coaching with Psy ➡️ 🤳 Psy on TikTok, Facebook, Instagram 🤳 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 Free Financial Coaching 👩‍🏫 Schedule a free 20-minute Individual Coaching Session Schedule a free 30-minute Couple's Coaching Session ➡️ 📧 Email: hello@firepsychat.com 📖 What’s on my display shelf? 📖 ➡️ For sponsorships and business inquiries ➡️ media@firepsychat.com 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How We're Saving 70% of Income (2023) - My $1.1 Mil Fat FIRE Progress (Sep 2022) - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - How to Invest in an HSA - Become a TSP Millionaire

401K Balance in the 1950s: Calculating 401K Amount for Generation X and Baby Boomers

Maximize Your 401(k) Contributions for Optimal Returns

How to make the most of a 401k - Make Retirement Planning Easier Subscribe Now: Schedule Your FREE Retirement Assessment Today Download Our Retirement Toolkit: In this video, we're talking about the 401(k) retirement plan and how you can make the most out of it. Did you know that the average 401(k) balance is only $103,900, while most Americans believe they need $1.25 million to retire comfortably? With over 100 million Americans having access to a defined contribution retirement plan like a 401(k) or 403(b), it's important to know how to make the most out of your retirement plan . In this video, our Founder and CEO Johnathan Rankin will cover five important ways to maximize your 401(k). We discuss the impact of taking a loan from your 401(k) to investing tips to maximize your long-term success. 👍 [SCHEDULE YOUR RETIREMENT ANALYSIS] If you have questions or comments email us Retire@theoremwm.com or head to www.Retireonceshow.com - Johnathan Rankin CRPC

401K Calculator for Generation Z: What's the Typical 401K Balance in Your 20s?

401(k) Calculator for Generation X: Understanding Average 401(k) Balances in the 40s

Mistakenly Using Your 401K Funds to Pay Bills According to Suze Orman

Personal finance expert Suze Orman says making it easier for people to take from their future selves won't help them in the long run. #suzeorman #personalfinance #retirement #retirementplanning #401k More from MoneyWise: Follow us: Instagram: Twitter: Facebook: 00:00 Introduction 00:17 Don't withdraw from your 401K! 01:29 Conclusion... ( 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 Suze Orman is a financial expert and TV personality known for her no-nonsense approach to managing money. One of her key pieces of advice is to avoid withdrawing money from your 401K to pay bills. According to Orman, this is a mistake that can have long-term consequences for your retirement savings. For those who are unfamiliar, a 401K is a retirement savings plan offered by many employers. You can contribute pre-tax dollars to the

Comprehensive Guide to Understanding Roth IRA - All the Information You Need

Roth IRA Explained - Everything You Need To Know: Schedule Your FREE Retirement Assessment Today Make retirement planning Easier Subscribe Now: Download Our Retirement Toolkit: Roth accounts are a powerful investment tool that can benefit some people. Whether it is the Roth IRS, Roth 401k, Back Door Roth, or Roth Conversion, these options should be selected based on everyone's own specific financial situation. With so many different Roth Accounts to choose from and all of them having their own small nuances, join Johnathan and Melissa Rankin as they go over 5 Roth Account types and strategies. Submit questions to the show at Retire@theoremwm.com - Johnathan Rankin CRPC® CEPA®, Founder & CEO, - Melissa Rankin - Wealth Management Advisor - Theorem Wealth Management, Financial Advisor Dallas, Texas - Retire Once Show - 2022 Retirement Podcast Series ----------------------- CHAPTERS 0:00 - Introduction 1:48 - What is a Roth Account? 3:37 - Roth Account vs Tra

Fidelity Investments: Buy-and-Hold ETFs for Retirement Wealth

#InvestingForRetirement #ETFsForRetirement #BuyandHold Related: Buy and Hold, Financial Education, Career Management, Fidelity Investments, Stocks... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA ETFs to Retire Rich: Buy and Hold with Fidelity Investments When it comes to investing for retirement, many people are understandably cautious. The thought of risking hard-earned money can be daunting, but with careful planning and the right investment strategy, it's possible to make your retirement savings grow. Enter ETFs, or exchange-traded funds, which have risen in popularity in recent years as a way to invest in a diversified portfolio of stocks and bonds. Fidelity Investments is one of the world's largest ETF providers, with a wide range of funds to choose from. So, why choose ETFs over other investment options? For starters, ETFs

Which is the Better Option for You: Roth IRA or 401K?(Beginner's Guide)

🔥🔥🔥College Degree Course: 20% off Coupon Code: COLLEGE 🔥🔥🔥 ➤ WEBULL 📲 - Investing App - Earn 4 Free Stocks (valued at up to $1400) when you deposit $100. This video will help you decide ether the Roth IRA or the 401k is better for you These are two of the most important and well known investment accounts, everyone knows about these and there's a lot of hype, so the big question is, which one should you invest in? SUBSCRIBE HERE: Hey guys, check out my FREE discord here where you can talk all things personal finance. I will be spending a lot of time here, answering lots of questions and just chatting in general. ---------- These videos are for entertainment purposes only and they are just Shane's opinion based off of his own life experience and the research that he's done. Shane is not an attorney, CPA, insurance, or financial advisor and the information presented shall not be construed as tax, legal, insurance, safety or financial advice. If s

Shorts: Steps for Investing and Achieving Millionaire Status with 401k and Roth IRA

It is entirely possible to have over $1 Million invested in your 401(k). So why don't many people have a million dollars? It's all about your savings rate. This video will have a complete breakdown of how much you should save each year based on your income. 🤳 Psy on TikTok, Facebook, Instagram 🤳 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 Free Financial Coaching 👩‍🏫 Schedule a free 20-minute Individual Coaching Session Schedule a free 30-minute Couple's Coaching Session ➡️ 📧 Email: hello@firepsychat.com 📖 What’s on my display shelf? 📖 ➡️ For sponsorships and business inquiries ➡️ media@firepsychat.com 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How We're Saving 70% of Income (2023) - My $1.1 Mil Fat FIRE Progress (Sep 2022) - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - How to Invest in an HSA - Become a TSP Millionaire - Finan

rewrite this title The TRUTH About Your 401k Investing That No One Tells You

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 Stock Join the Private Financial Independence Communit

"Accumulating a Million Tax-Free: Utilizing Roth/Traditional IRA and 401k Strategies"

Retirement accounts you need: Roth/Traditional IRA and 401k. Everything you need to know to become a tax free millionaire. Roth IRA is soo important when you are in your 20s to become a tax free millionaire. If your employer will match your contribution to your 401k then it is an absolute must in order to become a millionaire.... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA When it comes to saving for retirement, there are several options available to individuals. Among these options are Roth and traditional IRAs and 401k plans, each with its own set of advantages and disadvantages. However, with careful planning and a bit of luck, it is possible to become a tax-free millionaire with these investment vehicles. The first step in maximizing the potential of a Roth or traditional IRA and 401k is to understand the tax implications of each.

Achieving 401K Millionaire Status: A Comprehensive Investment Guide for Different Age Ranges

Save this much of your paycheck in your 401k 💰💰

Here is how much I save in my 401k and I will retire rich doing these steps! #401k #retirementplanning #retireearly *not financial advice... ( 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 Saving for retirement can seem like a daunting task, but taking advantage of your employer-sponsored 401(k) plan can be an easy and effective way to build your nest egg. With a little bit of planning and budgeting, you can save a significant percentage of your paycheck in your 401(k) and retire comfortably in the future. The first step to saving in your 401(k) is to understand how much you can contribute. For 2021, the maximum contribution limit is $19,500, or $26,000 if you’re over the age of 50. However, just because you can contribute the maximum amount doesn’t mean you should. The ideal amount to save in your 401(k) depends on your age,

Investing 101: the secrets to successful 401k growth

Hey Rich Friend! If you're like most people, you have a 401k account . And if you're like most people, you don't really know what to do with it. In this video, I'm going to show you the secrets to making your 401k grow and becoming a millionaire. So tune in and learn something new today! Want monthly financial education workshops? Join the membership | Grab your FREE budgeting template | Video Reference Links: Social Media Hangout Spots: TikTok Boujie Budgeter | IG Boujie Budgeter | Investing Flavor Podcast | Hosting a financial education workshop? Submit an inquiry: for OTHER business inquiries: hello@boujiebudgets.com Subscribe for new videos every Thursday! Disclaimer: This video is meant only for educational purposes and is not to be taken as financial advice. However, I am sharing my personal experience and individual opinions, views expressed are those of my own. Mykail James, Boujie Budgets, LLC, nor The Flavor Podcast are not respons