Timothy Sumer

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 ...

5 Ways to Quickly Catch Up on 401(k) Savings over Age 40 In this video I am talking about 5 Ways to Quickly Catch up on 401(k) Savings over Age 40. Hi everyone, it's Matthew Jackson here from 401(k) Maneuver. We provide online professional account management with the goal of supercharging your 401k performance. Stop leaving money on the table each and every year in the form of lost returns. Let us help you! Subscribe to our channel: Click here to book a complimentary 15-minute 401k Strategy Session with us: Visit our site: Click to Enroll Today here: If you’re wanting to catch up on 401(k) savings and are over the age of 40, it may seem overwhelming when you think about how you’re going to do it. Just follow these 5 steps below to quickly catch up on 401(k) savings over age 40, and you’ll be shocked at how much you can save in the years to come. #1 Get a retirement plan in Place ASAP If you don’t have a plan for how much you’ll need for retirement, you need o...

When saving money through your job’s retirement plan , you often get to choose between Roth 401(k) vs. traditional 401(k) contributions. So, which is best? The choice comes down to when you want to pay taxes and other factors. - With Roth 401(k) contributions, you pay tax on all of your income today, but you ideally get tax-free income in retirement. For that to work, you need to satisfy specific IRS rules. - With traditional pre-tax 401(k), you reduce your income by the amount you contribute to the plan. That helps you save on taxes this year, and it might make it easier to save money in your plan. 🌞 Subscribe to this channel (it's free): Get free retirement planning resources: 🔑 9 Keys to Retirement Planning 🐢 6 Safest Investments Note that this applies to other types of plans as well. For example, if you have Roth 403(b), 457, or TSP—or even Roth Solo 401(k)—things are similar. Check with your plan administrator and tax exper...