WCI #260: Self Employed Retirement Accounts Q&A
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 28 April 2022
⏱️ 46 minutes
🧾️ Download transcript
Summary
In this episode we answer your questions about self-employed retirement plans. If you are self-employed, open a solo/individual 401(k). If you make a lot of money, you might consider a personal defined benefit plan. Do a backdoor Roth IRA and a health savings account. Those are your retirement plans for a self-employed doc. That's the basic setup. Anything you want to save above and beyond that goes in a taxable account. So it is not that complicated. When you get into all the details though, there can be a lot more questions. We tackle those questions in this episode. See show notes here https://www.whitecoatinvestor.com/self-employed-retirement-accounts-qa-260/
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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 coat get a fair shake on Wall Street. |
| 0:05.3 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:14.9 | This White Code Investor podcast number 260, self-employed retirement accounts Q&A. |
| 0:19.8 | This podcast is sponsored by Bob Bionny at drdisabilityquotes.com. |
| 0:24.8 | He's an independent provider of disability insurance planning solutions to the medical community in every state and a long time White Code Investor sponsor. |
| 0:32.4 | He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. |
| 0:38.1 | If you need to review your disability insurance coverage, or just need to get this critical insurance in place, |
| 0:43.4 | contact Bob at drdisabilityquotes.com today. |
| 0:46.7 | You can email info at drdisabilityquotes.com or you can call 973-771-910. |
| 0:54.7 | Today's episode we're going to be going over a whole bunch of your questions. |
| 0:59.7 | On the blog I write what I want to write about. |
| 1:02.7 | On the podcast it's directed almost completely by you. |
| 1:06.7 | By what you've asked for, by interviews with you as the audience. |
| 1:11.7 | A lot of times some are interviews of course, or with other people. |
| 1:15.7 | But we answer a lot of your questions. |
| 1:17.7 | What you guys want to hear about, let us know and we will cover it. |
| 1:21.7 | If you'd like to leave us a question to use on the podcast, you can leave those at whitecodeinvestor.com slash speakpipe. |
| 1:30.7 | Alright, today we're going to be talking about self-employed retirement plans. |
| 1:35.7 | There are lots of questions about these. |
| 1:37.7 | I don't find them particularly complicated. |
| 1:40.7 | You know, this is pretty straightforward. |
| 1:42.7 | If you are a self-employed, go get yourself a solo, a.k.a. an individual, 401k. |
... |
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