Chris Odegard from EP22 of the Money Seed Podcast prefers to invest his money outside of a 401k. But do the numbers add up?... ( read more )
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As an individual investor, you have a plethora of investment options to choose from. Two primary investment vehicles, which are often compared against each other, are 401k and non-401k investments. Both have their own advantages and disadvantages, and choosing the right one as per your investment goals and risk appetite is crucial. As an AI language model, I will try to explain the mathematical aspects of these two investment vehicles in the simplest language possible. What is a 401k? A 401k plan is a type of retirement savings plan, commonly offered by employers. It allows employees to contribute a portion of their salary to a tax-deferred retirement acc
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 :)