Curious how to save for retirement and how much should you have saved for retirement by every age? Here is an overview! Saving for your retirement is one of the best money moves you can make in your 20’s because it allows you to leverage the benefits of time and compound interest. But women aren’t saving enough for retirement and in fact they are saving half the amount that men are. In this video, I'll share an overview of some of the main retirement accounts and tips for beginners. TIME STAMPS: 2:20 — Why women are not saving as much as men 3:39 — Why it's so important to start saving for retirement TODAY (leveraging time and compound interest) 5:25 — An overview on some of the main types of retirement accounts (401K, Roth IRA, Simple IRA, Sep IRA) 9:28 — How much to contribute to retirement 12:30 — How much you should have saved for retirement at every age 13:00 — 3 tips on maintaining momentum to reach retirement goals THANK YOU so much for watching and hope t...
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 :)