How much should you contribute to your 401k? Wealth advisor, Edgar Villegas, gives some helpful contribution tips. #shorts... ( read more )
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Many employees in the United States have the opportunity to enroll in an employer-sponsored retirement savings plan known as a 401k. This type of investment account allows individuals to save money for their future retirement while potentially receiving tax benefits. One of the most significant advantages of a 401k plan is the ability to contribute pre-tax dollars. This means that the money an employee puts into their account is deducted from their salary before taxes are taken out. As a result, the employee's taxable income is reduced, which can lead to a lower tax bill for the year. It's important for individuals to understand that there are limi...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)