Now you can have lower fees because you can choose different index funds and ETFs, or you're able to pull the money that you have in these different jobs that you've had over your career. And then you can put them all inside of your IRA so that way you don't have multiple accounts to manage where you have a 401k here and a 401k there. You have a few thousand here. A few thousand there, but if you are able to pull it all into your IRA. Well, then now you can keep track of everything. And normally the fees are going to be much lower then a traditional 401k account . The third best retirement account is called a Roth IRA. The difference between a Roth IRA and a Traditional IRA is a Roth IRA considered after tax. So that means that that money was taxed today and then you invested for the chance to take it out in retirement tax free. That is really nice. We want to make sure that some of the money that we have isn't going to be tax in retirement because we don&
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 :)