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White Coat Investor Podcast

WCI #241: Retirement Account Q&A

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.92.3K Ratings

🗓️ 16 December 2021

⏱️ 49 minutes

🧾️ Download transcript

Summary

This episode is all about retirement accounts. We are answering your questions regarding TSPs, what to do with old retirement accounts, how to set up retirement accounts, Roth conversions, Backdoor Roth IRAs and so much more.

We have a number of great resources on the WCI blog regarding retirement accounts and financial advisors that can help you make a financial plan. Check out the recommended tab on the blog https://www.whitecoatinvestor.com for recommended financial advisors and retirement accounts.

A lot of physicians have questions about locum tenens, and https://locumstory.com is the place for them to get real, unbiased answers to those questions, basic questions like, “What is locum tenens?” to more complex questions about pay ranges, taxes, various specialties, and how locum tenens works. And then there’s the big question: Is it right for you? Go to https://locumstory.com and get the answers.

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

Click on a timestamp to play from that location

0:00.0

This is the Whitecode Investor Podcast, where we help those who wear the Whitecode 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 Whitecode Investor Podcast number 241, Retirement Accounts Q&A.

0:23.0

It's story time, brought to you by LocumStory.com.

0:26.0

Today we'll be reading one job, two jobs. One job, two jobs, red blob, no job.

0:31.0

Elective Doc Emergency Doc, someone overstocks, someone out of stock. This doc is too abused. This doc is underused.

0:37.0

This doc can't get sick. Say, let's try a brand new trick.

0:41.0

For all the docs about to cry, here's an idea you can try. Look into a Locum10ins assignment, a really great option you might find it.

0:47.0

With all this new info, trapped up in your thinker, go to LocumStory.com and use your mouse to tinker.

0:52.0

Here you'll find the unbiased answers you're after, so you can decide if Locum10ins is your next chapter.

0:58.0

Locum's is a good way to extend your career. I was talking to one of my partners last night, actually, at Signout.

1:05.0

He is actually going from Salt Lake area down to Moab, a few times a year, working a few shifts down there.

1:12.0

He goes and works a shift. He's doing nights down there, I think.

1:15.0

He goes to sleep in the hotel they rent for him, and then goes for a long bike ride for going back to a shift.

1:22.0

But it has just rejuvenated his career and his excitement about medicine.

1:26.0

I think part of it is just to be in a new practice environment.

1:30.0

Part of it is it's like a vacation away from some of the bigger stresses in his life, which include raising kids sometimes.

1:37.0

You never know how mixing it up might help with your burnout and extend your career. Optimize for longevity in everything you do.

1:46.0

Speaking of what you do, thank you so much for what you do.

1:49.0

We're recording this on November 29th. I know it's not going to run until December 16th, but I'm recording it the day after the Thanksgiving break.

1:57.0

This year I decided to try something new, sometimes I haven't been able to do for the last two decades, which is to actually go somewhere for the Christmas and New Year's break.

...

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