Many people believe that 401Ks are supposed to keep us afloat during retirement but aside from inflation, did you know that you have to pay taxes before you can take that money out too? This is only one of the many reasons your 401K is not an ideal retirement plan and it is by far one of the biggest inconveniences of keeping your money in one. Watch now to learn more about how 401Ks work and why a 401K is NOT an ideal retirement plan for anyone! Key Talking Points of the Episode 00:00 Introduction 01:13 How do taxes work in 401Ks? 02:21 What was the primary purpose of a 401K? 03:25 Why are 401Ks not ideal for retirement? 04:36 What makes investing in a 401K risky? ____________________________________________________________________ Want More? Register Here for Lee’s Live Monthly CEO Firesides! ___________ Subscribe, Like, and Comment! ▪️ leearnoldsystem.com ▪️ facebook: ▪️ instagram: #realestate #realestateinvestment #inv...
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 :)