WCI #11: Should You Make Roth or Traditional 401K Contributions?
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 23 March 2017
⏱️ 20 minutes
🧾️ Download transcript
Summary
Should You Make Roth or Traditional 401K Contributions?
Dr. Dahle get lots of questions from readers about whether or not they should take advantage of their new Roth 401K (or 403B) option or keep contributing to a traditional 401K. They’re usually looking for an easy, straightforward answer. Unfortunately, it isn’t that easy. In this podcast Dr. Dahle discusses the important things you should be considering as you make this decision.
At some point in our financial lives, it will be time to buy a home. A physician mortgage can be a good vehicle for a young doctor who’s just out of school and has a more effective place to use their money than on a big down payment. These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment than a conventional mortgage. But if you’re further advanced in your career or deeper into your journey to financial freedom, buying a home with a conventional mortgage and then, later on, potentially refinancing that loan to a better rate with a shorter time frame could be a great move. Wherever you are in your financial journey, make sure you use the mortgage that will be most financially beneficial for you. Hop over to our recommended tab to learn more about all of your mortgage and refinancing options at https://www.whitecoatinvestor.com/mortgage. You can do this and The White Coat Investor can help.
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 is for you!
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Transcript
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| 0:00.0 | This is the White Coat Investor Podcast, where we help those who wear the white coat 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 Dahlia. |
| 0:18.0 | Welcome to episode number 11 of the White Coat Investor Podcast. |
| 0:22.0 | At some point in our financial lives, it will be time to buy a home. |
| 0:26.0 | A physician mortgage can be a good vehicle for a young doctor who's just out of school |
| 0:30.0 | and has a more effective place to use their money than on a big down payment. |
| 0:33.6 | These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment |
| 0:38.3 | than a conventional mortgage. But if you're further advanced in your career, |
| 0:41.6 | or deeper into your journey to financial freedom, |
| 0:43.7 | buying a home with a conventional mortgage and then later on, potentially refinancing that |
| 0:48.0 | loan to a better rate with a shorter time frame could be a great move. |
| 0:51.8 | Wherever you are in your financial journey, |
| 0:54.0 | make sure you use the mortgage that will be most financially beneficial for you. |
| 0:57.0 | Hop over to our recommended tab to learn more about all of your mortgage |
| 1:00.0 | and refinancing options |
| 1:02.0 | at whitecoat investor.com slash mortgage. mortgage and |
| 1:03.7 | refinancing options. You can do this and the white code investor can help. |
| 1:07.9 | Thank you for what you do. The work you do matters. You're likely on your way |
| 1:11.6 | into work or on your way home from work and maybe |
| 1:14.2 | a little bit tired, maybe a little bit burned out, maybe feeling you're not making a difference. |
| 1:18.2 | Well I assure you you are. The little things you do each day are to have dramatic importance in the lives of your |
... |
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