WCI #140: Solving Your Financial Mistakes
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 9 January 2020
⏱️ 64 minutes
🧾️ Download transcript
Summary
As you become more financially literate, you realize all the financial mistakes that you were making. Some of those mistakes are more challenging to fix than others. This is particularly true within your taxable accounts. In this episode we help a couple of readers solve their financial mistakes by getting out of poor investments, like expensive mutual funds and individual stocks. We talk about whether it is worth it and what it will cost you and ways to lower that cost. You can view the full show notes and transcription here https://www.whitecoatinvestor.com/classic-blog/ We play a bit of catch up with listener speakpipe questions. You can record your questions here: https://www.speakpipe.com/whitecoatinvestor. Questions in this episode include: the 199 deduction for S Corps, contract negotiation from the employer side, disability insurance from Principal, strategies to avoid exit taxes if leaving the USA, value vs growth funds, joining a private equity group, recharacterizing Roth IRA contributions, Roth IRAs for your children, and paying down your mortgage as a PSLF side fund.
If you are finding our podcasts informative and helpful, check out our website! Since 2011 we have been working hard to provide valuable personal finance and investing information through thousands of blog posts written by an array of authors. You can find information on how to manage your student loans, fix and avoid common financial mistakes, understand your retirement accounts, optimize your investments, find professional help at a fair price, get started investing in real estate, and so much more, all at no cost to you. You can find out more about the courses we offer, the conferences we put on, the newsletters we provide, and interact with other WCI readers through our online forum. Head on over to https://www.whitecoatinvestor.com to start learning today. 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 is your host, Dr. Jim Dolly. |
| 0:15.0 | This is White Coat Investor Podcast |
| 0:20.0 | Number 140, solving your financial dilemmas and as this podcast goes live it is our |
| 0:26.9 | mother's birthday I say hour because Cindy my podcast manager is is my sister, and our mother turned 75 today. |
| 0:36.0 | So happy birthday, mom. |
| 0:37.6 | I don't think she listens to the podcast, |
| 0:39.1 | but maybe somebody will pass this on to her. |
| 0:41.9 | This has really been pretty overwhelming overwhelming the last few weeks. You guys have just |
| 0:46.0 | been sending in all kinds of questions on the speak pipe and to make matters |
| 0:50.6 | worse you're sending in hard questions. |
| 0:53.1 | So we're going to have a fun time today |
| 0:54.8 | answering some of the hardest questions |
| 0:56.4 | you guys have ever sent in on the podcast. |
| 0:59.1 | If you are finding our podcast informative and helpful, |
| 1:01.4 | check out our website. |
| 1:02.5 | Since 2011, we've been working hard, |
| 1:04.3 | provide valuable personal finance and investing information |
| 1:07.0 | through thousands of blog posts written by an array of authors. |
| 1:10.3 | You can find information on how to manage your student loans, fix and avoid common financial mistakes, |
| 1:15.2 | understand your retirement accounts, optimize your investments, find professional help at a fair price, |
... |
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