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

Which one is best when it comes to retirement, Roth Ira, 401k or for example traditional ira. In this video, I’ll teach you how these work and I’ll give you a system on the best way to prioritize your investment into them. 😎Call Me😎: 😎Second Channel😎: 💲1 on 1 Talk + My Budget + Stock Investments💲 💰MY M1 FINANCE PORTFOLIO💰 PLUS $10 Link: 1. Let's break Down what they are - These are all just retirement account , some of them pay taxes today and never get taxed again like the Roth Options - And some of them give you a tax break today and you pay taxes later on, like the normal traditional ones - But they all share one thing in common and that is that your money grows tax-free Basics: Roth IRA or Roth 401k: - You pay taxes today and you never pay them again - You can always role over a Roth 401k into your Roth Ira which you fully manage after your done with your employer tax-free - You can use a SEPP plan to go on for at least 5 years minimum or unt

Traditional IRA vs Roth IRA vs 401k (Which One Makes the MOST MONEY) Retirement accounts can be so confusing to understand but preparing for your retirement is extremely important. Afterall, this is the money you are going to use to live off of once you stop working and once you can finally relax and enjoy your life! This video outlines the 3 main types of retirement accounts that you probably always hear about - traditional IRA, Roth IRA and a 401....once you finish this video you will have a better idea of what these are and you will be better informed to make a decision on what to open up and whats best for you. Disclaimer: This is NOT financial advice and is only meant to be used for educational purposes... ( 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 https://inflationprotection.org/traditional-ira-vs-roth-ira-vs-4

Searching for Roth IRA explained? This video highlights one of most powerful tools out there for building wealth and becoming a millionaire! Best Ways To Grow Money Without Risk: 10 Stock Investments to Consider in 2020: My goal is to help YOU become financially free through online business, investing and entrepreneurship! 2020 is our year! I'm posting new videos EVERY WEEK on topics related to achieving financial freedom. Subscribe, like and hit the bell for notifications! Side Note: I will not be pushing any get-rich-quick schemes or anything like that. Building wealth takes time. This is a marathon not a sprint! This channel will be a source of inspiration for you to start a journey or help you along your existing journey to become financially free. About Me: My name is Josh, a 23 year entrepreneur. I currently reside in the Baltimore/DC area. Self-Employed thanks to the internet. I own my own businesses and have lots of knowledge thanks to my experimentation ove

Take a deep dive into the difference between a Traditional vs ROTH 401(k) or IRA. This video gets into the specifics of what you need to know to make an informed decision as well as a detailed example of the tax benefits of both. Take the next step in empowering yourself to have a secure financial future! Enjoy! - LINKS - (When available, we use affiliate links and may earn a commission) COLLEGE SCHOLARSHIP RESOURCES: Debt Free Degree by Anthony ONeal: Ultimate Scholarship Book 2021: FREE Scholarship Prep Bundle: MONEY RESOURCES: Total Money Makeover by Dave Ramsey: Financial Peace University by Dave Ramsey: Chris Hogan R:IQ tool: Everyday Millionaires by Chris Hogan: The Simple Path to Wealth by J L Collins: FREE Money Management Template: PERSONAL DEVELOPMENT RESOURCES: UNSTOPPABLE by Tracy Timm: BUSINESS RESOURCES: VidIQ YouTube Optimization: ConvertKit Email Marketing Solution: - TIMESTAMPS - 00:00 What's the Difference between Traditional and ROTH?

Investing in a Roth 401k vs Traditional 401k is not always an easy decision. To help make the right decision for you, this video goes through what a Roth and Traditional 401k are and takes a look at what could be the better option. Instead of doing basic math to give you an idea, I take a financial planning approach and go through my financial planning software and share the details, looking at what whether your chances of retirement are better with the Roth 401k or the Traditional 401k. *This video is intended solely for entertainment and educational purposes. All content provided are opinions of Eric W. Powell and are not to be considered tax and or financial advice* ☎️ To book a complimentary call with a fiduciary advisor and join the movement to help everyday investors grow their wealth** 0:00 Intro TheFutureMill.com 1:00 Tax Rates 1:20 Roth 401k and Traditional 401k explained 3:25 Employer contribution is tax deferred 4:00 Financial Planning tax deferred Traditional