Timothy Sumer

Mark Cuban said I am an idiot 401k being no-brainer, I'm sharing you this video about the pros and cons of 401k. Putting money in 401k is a smart idea because if not, you're not likely saving your money. But let's talk about the the way number gets misrepresented and flaws in 401k that no one tells you. In this video, let's talk about projected returns vs. actual returns and differences of 401k and real estate. Why put your money into something not guaranteed to work? Get back to real estate because the model was never broken, it does work.... ( 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 Mark Cuban is a billionaire entrepreneur and a well-known investor. He has had success in many different industries, including tech, sports, and media. As an active investor, he has shared his insight on various investment op

Should you be saving and investing in your company 401k for your retirement? If you pay attention to all aspects of the 401(k) account, you may not want to contribute all of your retirement savings to it. In this and video, I discuss the advantages and disadvantages of a 401k and alternative strategies that you may want to consider. Podcast & Other Content: Website: FB: LinkedIn: Other Helpful Videos on Topics Mentioned 401k vs. Roth 401k: 11 Tax Strategies for High Income Earners: Understanding Capital Gains Tax: Tax Planning: 401(k) withdrawal rules: Advantages Discussed: -ERISA protection -Tax deduction for 401k contribution -401k company match -High contribution limits -Tax-deferred growth Disadvantages Discussed: -Age limitations for withdrawals -Required minimum distributions -Limited investment options -High fund fees Alternative Strategies Discussed: -Investing in a brokerage account -Contributing to a Roth 401(k) or Roth IRA #401k #401kcon