Are you confused about the difference between a 401(k) and an IRA? In this video, we break down the key differences between these two retirement accounts, so you can make informed decisions about your retirement savings.... ( read more )
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When it comes to saving for retirement, you have a lot of options. Two popular choices are the 401(k) and the IRA. While both these plans offer tax benefits and are a great way to build long-term savings, they do have some key differences. In this article, we'll explore 401(k) vs. IRA: What's the Difference? First, let's start with the basics. A 401(k) is a retirement savings plan that's offered by your employer. The plan allows you to contribute a portion of your pre-tax income to your account, up to certain contribution limits. Your employer may also mak
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 :)