WCI #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

⏱️ 53 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.

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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 Dolly.
0:18.0	This is White Coat 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 before 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	You know, this is one of the things in America. You know, 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, right?
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 there's 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	You know, and a lot of us are kind of getting sick of our Western culture.
1:35.0	If you will, when we look around at other countries who are doing an awesome job, everybody's wearing masks and they stamp it out and have a very little disease burden, it seems.
1:45.0	But you know what, there are plus sides to 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.
	...

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