WCI #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.

No more wading through dozens of books at the library, scrolling through hundreds of blog posts on dozens of blogs, or checking in daily with online forums trying to gain a financial education the way the hobbyists do. For a fraction of the price of hiring a professional financial planner, the Fire Your Financial Advisor online course will take you from feeling anxious and having no plan to having a written financial plan you can follow the rest of your investing career as a professional and a retiree. This course is the material that should have been taught to you in college, medical school, or residency but never was. Fire Your Financial Advisor also has a version eligible for CME credit. Get your financial life in order today. Go to https://www.whitecoatinvestor.com/courses to sign up. 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 Dollie.
0:19.0	Welcome back to the White Coat Investor Podcast. This is podcast Number 21, Tax Diversification.
0:25.0	No more waiting through dozens of books at the library, scrolling through hundreds of blog posts on dozens of blogs,
0:30.0	or checking in daily with online forums trying to gain a financial education the way the hobbyists do.
0:35.0	For a fraction of the price of hiring a professional financial planner,
0:39.0	the Fire Your Financial Advisor online course will take you from feeling anxious and having no plan to
0:44.4	having a written financial plan you can follow the rest of your investing career as a
0:47.9	professional and a retiree. This course is the material that should have been
0:52.3	taught to you in college, medical school,
0:53.9	and residency, but never was.
0:55.9	Fire your financial advisor also has a version eligible for CME credit.
1:00.0	Get your financial life in order today.
1:01.7	Go to white code investor.
1:02.8	dot com slash courses to sign up.
1:05.4	You can do this and the white code investor can help.
1:08.0	Welcome back to the podcast.
1:09.2	It's only been about an hour since we recorded the last one
1:11.7	as we tend to bunch these each month.
1:14.0	But it's been a fun hour.
1:16.0	Cindy's been sitting here making fun of me because I have 48,000 emails in my email box.
	...

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