On the Your Money, Your Wealth® podcast episode #215, Joe Anderson, CFP® and "Big Al" Clopine, CPA answer this question from Scott in New York: "Good day and thanks for the podcast. My question is, do you still advise contributing to a company 401(k) or 457 even if the company DOES NOT provide any matching funds? Since I work for a state agency, there is no matching, however, I have a pension that I contribute to which amounts to 5% of my income each year. Would you suggest contributing some funds to the 401(k)/457 and some funds to an IRA, or some combination? The tax deductibility is good, but I would also like the “free money”. But seems you can not have both working for the state. Thanks for your time." Read the transcript and show notes or listen to the full podcast: If you would like to schedule a free assessment with one of our CFP® professionals, click here: Make sure to subscribe to our channel for more helpful tips and stay tuned for the next...
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 :)