21: Tax Diversification

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 31 July 2017

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Tax Diversification

Tax Diversification means not having all of your assets subject to the same tax effects, particularly during the withdrawal phase in retirement. Proponents of this concept argue you should have some tax-free money, some tax-deferred money, and some taxable money. This not only provides against against the possibility of severe changes in tax brackets, but also allows you to control your tax bill to a certain extent in retirement. Listen to this podcast to learn more.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by DrDisabilityQuotes.com . Bob Bhayani, MBA, is managing partner for a truly independent provider of disability insurance planning solutions to the medical community nationwide. Bob regularly lectures at hospitals and faculties regarding creation of income protection and risk management solutions. Bob has specialized in working with residents and fellows early in their careers to set up sound financial and insurance strategies. Bob has leveraged his decades worth of relationships with top insurance companies to deliver discounts to all eligible applicants. DrDisabilityQuotes.com is an interactive website where physicians are able to gain a wealth of knowledge regarding disability insurance and also run instant life insurance comparison quotes from various companies. For your insurance needs contact Bob at [email protected] or 973-771-9100.

Transcript

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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's your host, Dr. Jim Dalley.
0:19.0	Welcome back to the White Code Investor Podcast. This is podcast number 21, Tax Diversification.
0:25.0	This episode is sponsored by Bob Bionny at DrDisabilityQuotes.com.
0:30.0	They are a truly independent provider of disability insurance planning solutions to the medical community nationwide.
0:36.0	Bob specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies.
0:44.0	Contact Bob today by email at info at drdisabilityquotes.com or by calling 973-771-9100.
0:54.0	Welcome back to the podcast. It's only been about an hour since we recorded the last one as we tend to bunch these each month.
1:00.0	But it's been a fun hour. Cindy's been sitting here making fun of me because I have 48,000 emails in my email box.
1:07.0	I don't think that's too many, but she apparently thinks you're supposed to delete them as you go along.
1:11.0	Not a big believer in that because sometimes I need to go back and find something.
1:15.0	At any rate, Cindy's great. I appreciate all the work she does on this podcast.
1:19.0	This entire organization is run by three part timers.
1:22.0	Myself, my wife, and Cindy, along with our employees, the children who are models.
1:29.0	And now one of them is a columnist for the White Code Investor.
1:33.0	But it's been a lot of fun keeping this empire running.
1:36.0	And I really appreciate Cindy and all the hard work she does on this.
1:40.0	Podcasting production is entirely new skill. She had to learn. They just got handed to her.
1:45.0	And you know, it's really amazing what you can learn from Dr. Google.
1:49.0	Our quote of the day today comes from Phil Dammuth, who says,
1:53.0	parents should contribute to Roth IRAs on behalf of their working teens.
	...

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