4.9 • 2.3K Ratings
🗓️ 18 November 2021
⏱️ 48 minutes
🧾️ Download transcript
This episode we are answering questions about investment taxes. There are several things that you can do to reduce your investment taxes including the use of retirement accounts and buying and holding tax efficient investments. We cover six ways to help with reducing those taxes. We talk about when (or if) you should rebalance your portfolio and what to do if you have to recharacterize from a Roth IRA to a traditional. We discuss if it is ever a good idea to do tax gain harvesting and go over what opportunity zone investing is and what type of investors are participating in it. Learn more on how investments are taxed: https://www.whitecoatinvestor.com/taxes-on-investments/
This podcast is sponsored by Bob Bhayani at https://drdisabilityquotes.com. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time White Coat Investor sponsor. He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at https://drdisabilityquotes.com today by email [email protected] or by calling (973) 771-9100.
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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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's your host, Dr. Jim Dolly. |
0:18.0 | This is White Code Investor Podcast number 237, Q&A on Investment Taxes. |
0:23.0 | This podcast is sponsored by Bob Bionny, a DR Disability Quotes.com. |
0:27.0 | He's an independent provider of disability insurance planning solutions for the medical community in every state, and a long-time White Code Investor sponsor. |
0:34.0 | He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. |
0:40.0 | You can either review your disability insurance coverage or get this critical insurance in place, contact Bob at drdisabilityquotes.com, or by email info at drdisabilityquotes.com or phone 973-771-9100. |
0:57.0 | Welcome back to the podcast. Thanks for what you do. I hope I'm not the only one that's thanked you lately for your hard work. |
1:05.0 | I know sometimes patients aren't very likely to thank you. I took care of one the other day, who was high as a kite, in route to jail. |
1:13.0 | And I was fixing some lacerations from a pistol whipping that I was never going to be paid for, much less thanked for. |
1:20.0 | And you know what, after about 20 minutes of being berated by the patient or repairing the lacerations, I just decided, you know what, that's enough. You can just go to jail. |
1:29.0 | And off she went with the cops. So your job's not easy all the time too. And that's partly why you get paid so well. |
1:37.0 | And we're here to help you turn that high income into a high net worth. |
1:43.0 | Reminders, our champion program's still going. If you are a first year medical or dental student or you know one past this on to them, we're trying to give away the white code investors guide for students to every first year medical and dental student in the country. |
1:56.0 | You can help us do that by signing up a whiteco investor dot com slash champion. |
2:01.0 | Also don't forget about the deadline for WCI con 22. |
2:06.0 | You can sign up for that whiteco investor dot com slash WCI con 22. The deadline if you want to get the awesome swag bag is December 1st. You got to sign up by then. |
2:14.0 | We got to print the books. We need time to print the books. And so we can't to give you the swag bag all the way to the end. If you sign up the day before, you got to sign up in advance in order to get it. |
2:24.0 | Alright, let's talk for a few minutes about investment taxes. That's what this whole episode is supposed to be about as investment taxes. So let's talk about it. |
2:34.0 | There's a few ways you can reduce your taxes on investments and you should be familiar with all of them. |
2:39.0 | The first one is to use retirement accounts. If you use tax protected accounts, it dramatically reduces the amount of taxes you pay on your investments. |
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