Ep. 2 | We’re talking about 401Ks (...and also 403b's and 457b's) and why they are one of the greatest wealth building tools! SHOW NOTES: Your employer-sponsored retirement plan is one of the greatest wealth-building assets because: 1) You're more likely to become a millionaire if you contribute consistently to your 401k 2) Automatic contributions, deducted from your paycheck, force you to keep saving and investing 3) Employer matches are free money that you're entitled to (make sure you contribute enough to get your employer match!) 4) Retirement accounts have tax benefits. Pre-tax contributions can lower your tax liability now, or you can make post-tax contributions now and not pay any taxes when you withdraw at retirement age. ⠀ If you have an employer-sponsored retirement account , you will not want to miss this episode! Let's turning retirement planning into party planning! ----------------------------------------------------- Frustrated by an
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 :)