WCI #221: Beating the New Death Tax with James Lange

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 29 July 2021

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

James Lange is a nationally recognized IRA, a 401(k) and retirement plan distribution expert, and the president and founder of the Roth IRA Institute, which helps financial professionals and IRA and retirement plan owners to get the most from their retirement plans using Roth IRA conversions as an integral part of the planning strategy. More importantly, his ideas have affected my own thinking about investing, particularly the use of retirement accounts. In this interview we discuss all these things as well as his recent book, Beating the New Death Tax, which he is giving away to WCI listeners. I really like his writing. He is not afraid to get into the weeds and give hard recommendations. So many books out there are so full of fluff. His are not. If you're into the details, this is an episode you will enjoy. Learn more here https://www.whitecoatinvestor.com/which-assets-to-spend-first/

This episode of The White Coat Investor is sponsored by Biohaven Pharmaceuticals. Biohaven is a commercial-stage biopharmaceutical company with innovative therapies designed to improve the lives of patients with debilitating neurological and neuropsychiatric diseases, including rare disorders. Biohaven offers a broad pipeline of late-stage product candidates across three distinct mechanistic platforms, including developing therapies for patients with Amyotrophic Lateral Sclerosis (ALS), Alzheimer’s, and obsessive compulsive disorder (OCD). The FDA also recently gave Biohaven’s Nurtec® ODT (rimegepant) its second indication. To discover more about Nurtec ODT and Biohaven’s neuroinnovative portfolio of treatments in development, visit https://www.biohavenpharma.com

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 for 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!

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Transcript

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0:00.0	This is the White Code Investor Podcast, where we help those who wear the White Code 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.
0:18.0	This is White Code Investor Podcast number 221, beating the new Death Tax with James Lane.
0:24.0	Welcome back to the podcast. It's been a little while since we recorded one. We're recording this on July 15th.
0:30.0	It's going to run on July 29th, so you're probably listening to this at the end of the month, maybe even in August.
0:36.0	I'm actually between two trips. Just got back from Minnesota, where I was canoeing on the boundary waters with my family.
0:43.0	We had a great time up there. Shout out to all of you in Minnesota. You have a beautiful state. We had a lot of fun.
0:49.0	And then next week we're going to Raffteen on the Green River here in Utah. So wonderful, exciting July with our kids.
0:56.0	But in the meantime, we got to work this week. I got a bunch of shifts in the ER and of course we got a lot of White Code Investor work to do today.
1:04.0	We're going to have a great guest on today, but before we get into that, let's have a word from our sponsor.
1:10.0	Now one medication is proven to treat and prevent NERTECH ODT, RMEGAPAN, 75 milligrams. To learn more about this exciting news, visit NERTECH-HCP.com.
1:21.0	That's N-U-R-T-E-C-HCP.com.
1:26.0	Thanks for what you do. I know a lot of you aren't out canoeing in Raffteen like I am this month. You're slaving away in the bowels of the hospital, taking care of people.
1:35.0	So thanks for doing that. It's not easy work. And sometimes it doesn't even pay that well for those of you still in residency.
1:42.0	Don't calculate your hourly rate. That's a very bad idea. I did that once. It was a very depressing calculation I made. You don't want to do that.
1:50.0	All right. We're still giving away anyone who refinances more than $100,000 in student loans to the WCI links free access to our flagship course, Fire Your Financial Advisor.
2:01.0	Not only will you continue to get the amazing cash rebates that we have negotiated with each of these lenders, but now you also get another $799 in value.
2:09.0	The course must be claimed within 90 days of loan disbursement in order to claim it, go to whitecodeinvestor.com slash ReFi bonus.
2:15.0	After you refinance your student loans to WCI links at whitecodeinvestor.com slash student-loan-refinancing.
2:22.0	All right. We've got a very special guest on today. I'll bring him on and then introduce him and we'll get into our conversation.
2:29.0	Okay. My special guest today is Jim Lane. He's a CPA, a JD and owns a tax planning and a registered investment advisory firm.
	...

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