MtoM #151: Family Doc Gets His 457(b) Plan Changed For the Better and Finance 101: 457(b) Plans

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 1 January 2024

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This doc wanted to see big changes made to his 457(b) plan so he got involved with the committee and ultimately helped to make massive changes. He helped to get the 457(b) changed from a single distribution upon retirement or leaving the job to the option of distributions for up to 15 years. This is a HUGE and important change that will mean the difference of thousand and thousands of dollars for everyone who uses the plan. We hope you find this episode as inspiring as we did! After the interview we will be talking about 457(b) plans for Finance 101.

As a white coat, you have valuable knowledge. Various companies want that knowledge. And they’re willing to pay you for it! That’s why we’ve put together a list of recommendations for companies that pay you to take surveys. If you’re looking for a profitable side gig for not too much effort, getting paid for surveys could be the perfect solution for you. You can make extra money, start a solo 401(k), and use your medical knowledge to impact new products. One of the WCI columnists makes an extra $30,000 a year just doing these surveys. Sign up today and use a fraction of your downtime to make extra cash! Go to https://whitecoatinvestor.com/MDSurveys.

The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!

Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones

Main Website: https://www.whitecoatinvestor.com
Student Loan Advice: https://studentloanadvice.com
YouTube: https://www.whitecoatinvestor.com/youtube
Facebook: https://www.facebook.com/thewhitecoatinvestor
Twitter: https://twitter.com/WCInvestor
Instagram: https://www.instagram.com/thewhitecoatinvestor
Subreddit: https://www.reddit.com/r/whitecoatinvestor
Online Courses: https://whitecoatinvestor.teachable.com
Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter

Transcript

Click on a timestamp to play from that location

0:00.0	This is the White Coat Investor Podcasts to Millionaire,
0:04.2	celebrating stories of success along the journey to financial freedom.
0:08.3	This is Milestones to Millionaire Podcast Number 151. Family Doc Changes
0:17.8	his 457 plan. As a white coat investor, you have valuable knowledge.
0:22.8	Various companies want that knowledge and they're willing to pay you for it.
0:25.7	That's why we put together a list of recommendations for companies that pay you to take surveys.
0:30.0	If you're looking for a profitable side gig for not too much effort, getting paid for surveys could be the perfect solution for you.
0:35.3	You can make extra money, start a solo 401k, and use your medical knowledge to impact new products.
0:40.4	One of the WCI columnist makes an extra $30,000 a year just doing these surveys.
0:45.0	Sign up today and use a fraction of your downtime to make extra cash.
0:48.0	Go to whitecode investor.com slash MD surveys.
0:51.0	You can do this and the white code investor can help. So we have some promotions I want you to know about. The main one is we're giving stuff away. We have a buy one get one deal available on all three of our main online
1:08.0	courses. So we have three main offerings that we have here as far as online courses go with the white code investor.
1:16.2	The first one is fire your financial advisor.
1:19.4	Now there are two versions of this.
1:21.6	The regular fire your financial Advisor one does not qualify for
1:24.8	CME. But there is another version that does qualify for CME. It costs a little bit more, but you
1:30.0	can use CME funds to buy it. We call that one, what is our current name for that one?
1:34.9	It is financial wellness and burnout prevention
1:37.2	for medical professionals.
1:38.7	It's fire your financial advisor,
1:40.2	plus like eight hours of CME qualifying wellness material.
	...

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.