Timothy Sumer

Personal finance expert Suze Orman says making it easier for people to take from their future selves won't help them in the long run. #suzeorman #personalfinance #retirement #retirementplanning #401k More from MoneyWise: Follow us: Instagram: Twitter: Facebook: 00:00 Introduction 00:17 Don't withdraw from your 401K! 01:29 Conclusion... ( 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 Suze Orman is a financial expert and TV personality known for her no-nonsense approach to managing money. One of her key pieces of advice is to avoid withdrawing money from your 401K to pay bills. According to Orman, this is a mistake that can have long-term consequences for your retirement savings. For those who are unfamiliar, a 401K is a retirement savings plan offered by many employers. You can contribute pre-tax dollars to the ...

The Passive Money Plan covers all things financial from recession proof ways we managed our debt burdens, ways we brought in passive income, business ownership, the entrepreneur lifestyle, all while providing successful tips on things that have worked for us over our life span. We also provide real stories of how we grew up including the struggles we've had to endure to obtain financial success, such as surviving the financial crisis while leaving the military. While also providing the pit falls that lead to changing our mindset in the subject of finances. Welcome and we hope that you all enjoy! Disclaimer: This is not financial advice; this is financial education through our journey on how we interact with money. WE ARE NOT FINANCIAL ADVISORS; in fact, it is illegal for us to provide any financial advice to you under U.S. law. Our mission is simply to provide you with educational tools to help you understand financial literacy; thereby enabling you to make better decisi...