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White Coat Investor Podcast

WCI #279: Roth Options and Questions

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Business, Health & Fitness, Investing

4.82.4K Ratings

🗓️ 8 September 2022

⏱️ 60 minutes

🧾️ Download transcript

Summary

This episode we dive deep into all things Roth. We give a general review of what Roth is and then answer your questions about the backdoor Roth, different Roth accounts, when the backdoor process won't work, why we hate simple IRAs and more. We also discuss why so many docs are looking into side gigs and FIRE right now. Read the full show notes here: https://www.whitecoatinvestor.com/roth-options-and-questions-279 

Did you know that the White Coat Investor not only has a podcast and a blog but several books that will help you on your way to financial independence. These books cover topics such as asset protection and minimizing your taxes to keep more of your hard earned money. They discuss plans for insurance, housing, spending, student loan elimination, investing and estate planning. You can learn how to become a millionaire within 5-10 years of leaving residency and how to invest in a sensible low cost and effective manner with or without the assistance of a financial advisor. There is even a book geared directly toward medical and dental students so you can start optimizing your finances early in your professional journey. Find the book that is right for you at the WCI store at https://www.shop.whitecoatinvestor.com or on Amazon. 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!

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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.

0:05.3

We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.

0:14.9

This is White Code Investor Podcast number 279, Roth Options and Questions.

0:19.6

This episode is sponsored by First Republic Bank.

0:22.2

First Republic provides tailored solutions to individuals and businesses with their financial needs at any stage of life.

0:27.8

Whether you're opening a savings account buying your first home or starting a family,

0:31.2

first republic's commitment to personal service is designed to change the way you feel about banking.

0:35.7

Visit FirstRepublic.com today to learn more.

0:38.6

That's FirstRepublic.com, member FDIC, Equal Housing Lender.

0:42.5

Welcome back to the podcast.

0:44.7

I just got back from Wyoming.

0:46.4

I was in the Windrippers backpacking and climbing Ganat Peak.

0:50.1

It was quite an experience.

0:51.8

You actually get a hear about it if you're a blog reader.

0:54.0

I wrote up a blog post about it with some financial lessons that can be applied to our lives from the trip.

1:00.5

I'll watch for that coming out in the next few weeks or months.

1:03.9

Great trip, though, feeling very relaxed and happy to be back here at work at WCI headquarters.

1:11.0

Wherever you're working today, if you're on your way in or on your way home,

1:14.4

or whether you're relaxing afterward or working out or whatever listening to this,

1:18.6

let me be the person who thanks you today for what you're doing.

1:21.6

Your job is not easy.

1:22.9

That's why you're a high-income professional.

...

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