Timothy Sumer

Full-length overview of everything you need to know about your 401(k) including the types of 401(k) plans, withdrawal penalties, and even a little history about 401(k) plans. A quick little guide that touches Roth 401k vs Traditional 401k and why the Roth 401k is the better plan for you! If you're interested in learning what is a roth 401k or would like roth 401k explained, check the link above!... ( 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 When it comes to selecting the right retirement savings plan for yourself, there are a number of factors that you need to consider. One of the most important factors to consider when selecting your retirement savings plan is the type of 401(k) investment that you will make - Roth 401(k) or Traditional 401(k)? While both options have their own advantages and disadvantages, in this a

Is it better to contribute to the 401k or Roth 401k? The Roth 401(k) could offer great benefits like tax-free growth & future tax-free income. But which is more tax-efficient for you and your future… In this video I talk about the differences between the 401(k) vs. Roth 401(k) and which may be better for you to save in. Video on Roth Conversions (Good Idea or Bad Idea?): Website: Facebook: LinkedIn: A lot of company sponsored retirement plans offer a 401(k) for you to save in. Does your employer retirement plan also provide you the ability to contribute to a Roth 401k? A Roth 401k could offer some great benefits like tax-free investment growth and future tax-free income. Should you contribute to a 401k or Roth 401k? Your situation may help determine which could be best for you and I’ve provided the following guidance in the video: -How to determine if the Roth 401k is available to you -401k vs Roth 401k explained -How much you can contribute to the Roth 401

Investing in a Roth 401k vs Traditional 401k is not always an easy decision. To help make the right decision for you, this video goes through what a Roth and Traditional 401k are and takes a look at what could be the better option. Instead of doing basic math to give you an idea, I take a financial planning approach and go through my financial planning software and share the details, looking at what whether your chances of retirement are better with the Roth 401k or the Traditional 401k. *This video is intended solely for entertainment and educational purposes. All content provided are opinions of Eric W. Powell and are not to be considered tax and or financial advice* ☎️ To book a complimentary call with a fiduciary advisor and join the movement to help everyday investors grow their wealth** 0:00 Intro TheFutureMill.com 1:00 Tax Rates 1:20 Roth 401k and Traditional 401k explained 3:25 Employer contribution is tax deferred 4:00 Financial Planning tax deferred Traditional