Timothy Sumer

401k Vesting Explained: In this video, Justin covers everything you need to know about 401(k) vesting programs including what vesting is, why vesting schedules exist, the cliff vesting, graded vesting, immediate vesting, as well as how each of the three major types of 401(k) accounts require companies to handle vesting handle vesting - SIMPLE 401(k), Safe Harbor 401(k) and Traditional 401(k). #401k #Vesting ▼▼▼▼ MORE OF FINANCIAL DAD'S VIDEOS ▼▼▼▼ New to personal finance? Check out my video on personal finance basics here: Want to know more about how company matching works with 401(k) accounts? Check out that video here: ▼▼▼ DON’T FORGET TO LIKE AND SUBSCRIBE! ▼▼▼ Subscribe here: ▼▼▼▼ FOLLOW ME ON SOCIAL MEDIA ▼▼▼▼ - Instagram: - Facebook: ▼▼▼▼ SOUND EFFECT AND STOCK PHOTO/VIDEO CREDITS ▼▼▼▼ - Sound effects from - Bad Boss video from Videezy.com Thanks for watching!... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During

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