Timothy Sumer

Roth 401k vs 401k // Roth 401k Explained. There are NO INCOME LIMITS for Roth 401k contributions! With over 70% of employer sponsored 401(k) plans now offerring the Roth 401k provision it is becoming a more and more popular and common employer retirement account to contribute to. In this video I explain how the Roth 401k works and we compare your options of the Roth 401k vs 401k. With taxes being at historically low levels, it may make sense in your situation to forego the pre-tax 401k deduction, pay the taxes now, and let your Roth 401(k) contributions grow tax-free. My wife and I contribute 100% of our contributions into our Roth 401(k) and the employer match is placed into the pre-tax / Traditional 401k (which grows tax deferred). If you're not sure which one to contribute to....this video is for you! WhiteCoat Investor Article: Investment Calculator: ————— Call if you WANT TO ASK ME A QUESTION... ➡️ ————— MY WEBSITE 👨‍💻 ————— Support the channel - ra

Full-length overview of everything you need to know about your 401(k) including the types of 401(k) plans, withdrawal penalties, and even a little history about 401(k) plans. A quick little guide that touches Roth 401k vs Traditional 401k and why the Roth 401k is the better plan for you! If you're interested in learning what is a roth 401k or would like roth 401k explained, check the link above!... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing When it comes to selecting the right retirement savings plan for yourself, there are a number of factors that you need to consider. One of the most important factors to consider when selecting your retirement savings plan is the type of 401(k) investment that you will make - Roth 401(k) or Traditional 401(k)? While both options have their own advantages and disadvantages, in this a

Get a 10-Day Free Trial of Market Insiders: . . What's better a Roth 401k or a Traditional 401k? In this video you will learn the pros and cons for both a Roth 401k and a Traditional 401k so you know what's better for you. Subscribe To Our Channel: 🚨Read Our FREE eBook🚨 Get Richer Sleeping - Investing 101: Recommended: The TRUTH About Your 401k No One Tells You: 401k Alternatives To Keep More Money: Will You Retire Richer With A Roth 401k Or A Traditional 401k 0:11 - There are so many ways to do your retirement planning 1:00 - I’m not a big fan of the 401k 1:35 - How the 401k works | traditional 401k 2:30 - Put some numbers on the traditional 401k example 3:00 - How taxes work on your 401k 5:20 - The tax risk for your 401k 5:59 - Historical perspective on high taxes 6:56 - How the Roth 401k works 7:50 - Taxes on 401 Roth 401k 9:43 - What’s better for you? Traditional 401(k) or Roth 401(k) What Is The Minority Mindset? The Minority Mindset has nothi

In this video, CERTIFIED FINANCIAL PLANNER, Professional, Colin Exelby discusses how to maximize your tax-free Roth Retirement Strategy. Why are the Roth 401(k) and Roth IRA so important to successful retirement planning ? As America’s IRA expert Ed Slott says, “It’s about moving assets from forever taxed to never taxed.” How much wealth and income you create AFTER taxes depends heavily on the strategies you employ before you need the money. Today's low tax rates are set to expire in 5 years. There isn't much time to take advantage of them. Check out Part 4 of my video series, How to Create a 100% Tax-Free Income in Retirement as I discuss why the Roth 401(k) is so important to a successful retirement. Timestamps : 00:00 Introduction 01:46 Let’s talk Roth! 01:55 Why does everyone love a Roth IRA? 04:09 Current Tax Brackets 05:09 When it is time to withdraw funds are there the same requirements as traditional IRAs and 401ks? 06:20 Why the Roth 401(k) is

This video: Roth 401k vs Roth IRA in your 20s and 30s | Which Is Better - goes through: - What is a Roth IRA & what is a Roth 401K - Roth IRA Rules vs. Roth 401K Rules - Roth IRA Withdrawal Rules vs. Roth 401k Withdrawal Rules - Roth IRA Pros And Cons - Roth 401K Pros And Cons If you were to retire today at age 65, experts predict it would cost you anywhere between $1M and $1.5M, so it's never to early to start saving for retirement! By the end of this video, you'll be able to better understand whether a Roth 401K trumps a Roth IRA & what might be best suited for you! Subscribe to our channel for more retirement tips and all things personal finance & generational wealth! 0:00 Intro 2:19 Why You Should Choose A Roth 401K 6:49 Why You Might Want To Go For A Roth IRA Instead 9:55 Which Should You Choose WATCH NEXT ⭐ 2022 November I-Bond Rate Prediction: ⭐ How To Buy An I Bond (step-by-step tutorial) via TreasuryDirect: ⭐ How Is I-Bond Interest Form

What is the difference between taxable and retirement accounts? I discuss about the advantages and disadvantages of these three separate accounts (Taxable, Pre-Tax, Post-Tax) and when you actually get taxed. I plug in a rough estimate for these scenarios to see where you come out ahead. Want to open a Roth IRA or traditional IRA? M1 Finance: Already have a retirement account and you want to open a taxable account? Robinhood: ----------------------------- 🙌 Support the Channel 🙌 ----------------------------- If you enjoy my content and want to show a small way to express gratitude, why not Buy Me A Coffee to support this channel! ----------------------------- 💸 Personal Finance 💸 --------------------------------- Get a free stock with Robinhood! 👉 Join Motley Fool Stock Advisor ($99) 👉 Join Motley Fool Rule Breaker ($99) 👉 Note: The great thing is that Motley Fool also gives you the option to cancel your subscription within 30 days if you don't com