WCI #251: How to Fix the Retirement Account System
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 24 February 2022
⏱️ 56 minutes
🧾️ Download transcript
Summary
A listener asked, "how would you reset the whole retirement account system in this country to make more sense for both the government and the citizens?" In this episode we dive into what changes we would make if we could in that system, simplifying taxes, separating the retirement accounts from employment, and creating a sort of pension plan bigger than social security. We also answer your questions about caps on 401(k) contributions, small business 401(k)s, social security, annuities, tax deferred vs Roth contributions, C shares and A shares, and contributing to your spouse's 401(k). Read the full show notes here: https://www.whitecoatinvestor.com/how-to-fix-the-retirement-account-system
This episode is sponsored by Bob Bhayani, 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 get this critical insurance in place, contact Bob at https://drdisabilityquotes.com today by emailing [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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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 Dolly. |
| 0:18.0 | This is White Coat Investor Podcast number 251, how to fix the retirement account system. |
| 0:23.0 | This podcast is sponsored by Bob Bionny, at drdisabilityquotes.com. |
| 0:27.0 | He's an independent provider of disability insurance, planning solutions to the medical community in every state, and a long time White Coat 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 | If you need to review your disability insurance coverage, or to get this critical insurance in place, contact Bob at drdisabilityquotes.com today. |
| 0:48.0 | By emailing info at drdisabilityquotes.com, or by calling 973-771-9100. |
| 0:57.0 | Welcome back to the podcast. |
| 0:59.0 | I hope you're enjoying the podcast. |
| 1:01.0 | We are coming through the responses to the survey we got. |
| 1:05.0 | We had over 3,000 responses to that survey asked you guys to fill out. |
| 1:09.0 | We're going to try to incorporate as many changes as we can to make what we're producing for you more helpful for you. |
| 1:18.0 | Thanks to those of you who filled that out, we really appreciate it. |
| 1:21.0 | I'm recording this before the conference. It's now after the conference. |
| 1:24.0 | I'm hoping we had an awesome time there. |
| 1:26.0 | I'll bet we did since we have it every other conference. |
| 1:29.0 | But if you are interested, you can buy the content from that conference. |
| 1:35.0 | It's now packaged up into an online course. You can get information for that at whitecodeinvestor.com slash cfe2022. |
| 1:44.0 | I think by the time you hear this podcast on the 24th, that should be ready to go. |
| 1:49.0 | But it's got all the content. It's over 50 hours. It qualifies for CME. You can use your CME fund to buy it. |
... |
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