In today’s video we’re discussing whether you should fund your 401(k) or pay off your debt. Really, it boils down to personal choice, but we explain both options in this video. Popular 401(k) Videos 🔴 #1 401k rollover Mistake to Avoid: 🔴 Taxes and 401k Rollovers: 🔴 How to Read a 401k Statement: 🔴 Why you Should Care About Your 401k? [Must Watch]: ✅ SUBSCRIBE to NOT being a transaction ever again... ✅ Like us on Facebook! ✅ Follow us on Twitter! ✅ Check out our site for more tips Paying down debt. In my 24 years in finance, I have witnessed many clients getting to retirement with zero debt, and they feel relieved. No debt, and just steady income coming in. There is no better feeling. Here’s where it makes sense to pay off debt first: If your interest rate on the debt is higher than you can reasonably earn in your investments. If you are laser-focused in paying off this debt. When you need to feel that level of accomplishment of a goal. Fund your 401(k). I can
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 :)