WCI #245: The Backdoor Roth Lives On
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 13 January 2022
⏱️ 38 minutes
🧾️ Download transcript
Summary
Today we discuss what happened in Congress and how, for now at least, the backdoor Roth lives on. You can proceed with your contributions as planned. Check out our tutorial to see how: https://www.whitecoatinvestor.com/backdoor-roth-ira-tutorial/ . If at some point Congress decides to make this retroactively illegal, we will walk you through the process of undoing those contributions. We also discuss whether it is worth refinancing your student loans if you are not going for PSLF despite the extension of the student loan holiday. With inflation and rising interest rates this is a more complex question than it typically should be. We answer some questions about employer sponsored 401(k)s, signing bonuses and what kind of contributions to make if you are one of those super savers.
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 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!
Main Website: https://www.whitecoatinvestor.com
YouTube: https://www.whitecoatinvestor.com/youtube
Student Loan Advice: https://studentloanadvice.com
Facebook: https://www.facebook.com/thewhitecoatinvestor
Twitter: https://twitter.com/WCInvestor
Instagram: https://www.instagram.com/thewhitecoatinvestor
Subreddit: https://www.reddit.com/r/whitecoatinvestor
Online Courses: https://whitecoatinvestor.teachable.com
Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter
Transcript
Click on a timestamp to play from that location
| 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 245, the backdoor Roth Livzone. |
| 0:23.0 | Welcome back to the podcast. This is the first one we're recording in 2022. |
| 0:28.0 | It's been the heck of a year last year, made twice as many podcasts as we normally do now that we've been doing the milestones to millionaire podcasts. |
| 0:36.0 | By the way, if you'd like to be featured on that, you can apply at whitecodeinvestor.com slash milestones. |
| 0:44.0 | But after having recorded what 104 podcasts last year, we're excited and back and looking forward to having another great 104 podcast episodes this year, 2 for each week. |
| 0:55.0 | The Monday milestones to millionaire podcasts, as well as the one that drops on Thursday, which is the classic whitecode investor podcast. |
| 1:04.0 | Before we get too far into this, let's have a word from our sponsor. |
| 1:08.0 | Shopping for disability insurance is complicated enough. |
| 1:10.0 | What if you were getting the right coverage unbiased advice along with the best prices and discounts can make the process even more overwhelming? |
| 1:18.0 | Pattern knows doctors have more important things to do than spend hours sorting through numerous insurance options. |
| 1:23.0 | This is why thousands of whitecode investor followers have trusted pattern to help them compare and understand the disability insurance they're buying. |
| 1:30.0 | The online process is simple. |
| 1:31.0 | First, request your quotes online, second, compare your options and ask questions, and third, apply risk free. |
| 1:37.0 | Be confident that you have the right policy at the best price. |
| 1:40.0 | Request your disability insurance quotes with pattern, a whitecodeinvestor.com slash pattern. |
| 1:46.0 | All right, we just got back from Greece. We took the kids to Greece for the holidays. It's off season in Greece. |
| 1:54.0 | Most people there vacation during the spring, summer, and fall. |
| 1:59.0 | We decided to go in the winter. |
| 2:01.0 | Nice thing about that is it made social distancing really easy. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Dr. Jim Dahle of the White Coat Investor, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Dr. Jim Dahle of the White Coat Investor and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.