187: How Much Should You Put in a Roth?

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 3 December 2020

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Is there a recommended percentage of your portfolio that should be in Roth accounts when you retire? We are asked this question a lot. People think there must be an optimal mix. Is there? And is it worth the cost to get to it? These questions are discussed in this episode. There is a general rule of when to make pre-tax vs post-tax retirement contributions as well as when are good times to do Roth conversions. Listen to this show to better understand those as well.

We also dive into listener questions about paying off the mortgage vs investing in a taxable account, understanding how to max out your 401(k), cash balance plans, investing in farmland, over contributing to your HSA, rebalancing your portfolio between accounts, investing in annuities, and the complications of sharing assets with extended family members. A wide variety of listener questions this week that will hopefully be helpful to many.

Sponsor

Provider Solutions & Development is a community of experts dedicated to offering guidance and career coaching to physicians and clinicians throughout their entire job search. Whether you are looking to dive deeper into your specialty work, strive towards a healthier work-life balance, or a little bit of both, they can help find the right fit for you. Start the conversation today at www.psdrecruit.org/whitecoatinvestor.

Transcript

Click on a timestamp to play from that location

0:00.0	This is the White Code Investor Podcast, where we help those who wear the White Code get a fair shake on Wall Street.
0:06.0	We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.
0:12.0	Here is your host, Dr. Jim Dolly.
0:18.0	This is White Code Investor Podcast number 187. How much should you have in Roth accounts?
0:23.0	Welcome back to the podcast. We're recording this on the 23rd of November, just for Thanksgiving. It's going to run on the 3rd of December.
0:30.0	So for those of you out there in COVID land, thanks for what you do.
0:34.0	I know our ICU is full. We've got an extra one built up that's full.
0:39.0	And occasionally we're bored in patients in the ER, which we almost never do in our shop.
0:44.0	So I know you're all seeing it and doing what you can to stay healthy.
0:48.0	Those of you who are doing the right thing are starting to get really sick of seeing people not doing the right thing public health wise.
0:55.0	It's amazing to go through it in my Twitter feed and see how mad people are getting about it.
1:01.0	This is one of the things in America. You got the freedom to make bad decisions.
1:06.0	It's a lot like what we've been dealing with for years and years and years.
1:09.0	We've got people that still smoke, still do drugs, still don't exercise, still eat too much, still don't do any preventive health.
1:16.0	And sometimes not much we can do about it other than keep taking care of them as best we can.
1:22.0	However, usually their choices don't affect our health and the health of other patients as well.
1:28.0	So it's a little bit different this time.
1:31.0	And a lot of us are kind of getting sick of our Western culture, if you will, when we look around at other countries
1:37.0	who are doing an awesome job, everybody's wearing masks and they stamp it out and have a very little Z-Burden, it seems.
1:45.0	But you know what, there are plus sides to that culture.
1:48.0	I mean, look at where all the vaccines are coming out of, for instance.
1:51.0	So ups and downsides everywhere you go.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Dr. Jim Dahle of the White Coat Investor, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Dr. Jim Dahle of the White Coat Investor and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.