Timothy Sumer

Get a 10-Day Free Trial of Market Insiders: . . 🚨Read Our FREE eBook🚨 Get Richer Sleeping - Investing 101: The 401k is considered the holy grail of investments - the pros of the 401k are obvious, but do you know the costs of investing in your 401k - let's discuss. Subscribe To Our Channel: Recommended: 401K Alternatives To Keep More Money: Roth 401k vs. Traditional 401k - How Will You Retire Richer?: The TRUTH About Your 401(k) That No One Tells You 0:10 - What’s the best way to plan for your future? 0:27 - For the majority of people investing is investing the 401k 0:56 - Why does your 401(k) exist 1:30 - Your company was on the hook for your retirement with pensions 2:22 - The benefits of the 401k 2:53 - The cost of your 401(k) 3:26 - What the average American pays in 401(k) fees 4:18 - The risk of investing in your 401(k) 5:23 - The tax benefits or costs of investing in the 401k 6:34 - The flaws of 401k being a tax shield 8:00 - Tax rates will greatly aff

What is a 401k for dummies Are 4o1k plan really any good? 1-800-566-1002 4o1k plans are the most used types of retirement accounts. Understand the basics of a 401k plan for dummies and avoid the most common mistakes that individuals make when setting up their accounts. 401k retirement plan for dummies A 401k 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 401k work for dummies? Your employer withholds a certain amount of your paycheck and deposits that money, along with any matching contributions, into your 4o1k account. The money in the plan is invested in various financial instruments, such as m

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