Timothy Sumer

#shorts Do NOT Fall for This! | 401k is a SCAM @TheRamseyShow Subscribe: Sam Primm AKA SamFasterFreedom is a real estate investor and entrepreneur. He currently owns $42 million in real estate but by the time you are reading this it is probably higher. Sam also owns a real estate flipping company that will flip over 250 houses this year. This channel is for you if you want to learn about real estate investing, wealth creation and financial freedom. From beginner mistakes in real estate investing to BRRR method strategies and more, this channel will teach you how to use property investing to build your wealth. Learn More: Subscribe for new weekly videos: Watch these next: 👉BRRRR Method Beginner Guide 101 👉My First Rental Property 👉How I Bought a Neighborhood Free Rental Training : How to start building and amazing rental portfolio without using and of your own money! 💸 Also, info on my mentorship! - Perfect for Leveling Up Let’s Connect... TikTok: IG

Like, Comment, and Share my videos! 🔔 SUBSCRIBE HERE 🔔 Become a channel member to get access to great perks: 🌟 🎓 👑 💯 LET’S CONNECT 💯 📷 Instagram @JakeBroe 👉 🐦 Twitter @Broe_Jake 👉 👇 👇 Watch My Other Videos Here 👇 👇 ★ Your 401K is a Waste of Time ★ How to Earn 20% a Year in Your Roth IRA ★ Backdoor Roth IRA - How Does It Work? ★ Have an Old 401k? Should You Rollover to an IRA? ================ What Is a 401(k) Plan? A 401(k) plan is a tax-advantaged, defined-contribution retirement account offered by many employers to their employees. It is named after a section of the U.S. Internal Revenue Code. Workers can make contributions to their 401(k) accounts through automatic payroll withholding, and their employers can match some or all of those contributions. The investment earnings in a traditional 401(k) plan are not taxed until the employee withdraws that money, typically after retirement. In a Roth 401(k) plan, withdrawals can be tax-free. How 40

I'm constantly seeing people on the internet claim that "401k's are BAD"... but, are they really? In this video, I respond to a tweet that was claiming 401k's are "duping people", and I walk through all of the reasons why someone would want to have a 401k for investing in stocks, real estate, and more! 0:00 Intro 1:12 Is Your 401k "duping you"? 2:53 The benefits of a 401k 6:00 Self-directed 401k for Real Estate 7:55 Tax considerations with Real Estate investing 11:37 Pros... and cons of a 401k ===== Ways I help you build more wealth: Want to learn the SKILLSET of managing your money right? Get my FREE Wealth Building Basics Course: Are you an investor looking to take your analysis skills to the next level? I'm a mentor in the Skill Incubator community for investors and entrepreneurs: We Talk Money Podcast: Connect with Nikki: Subscribe To SheTalksFinance YouTube channel: Twitter: Instagram: Facebook: ===