WCI #327: Send Your Kids to College
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 10 August 2023
⏱️ 34 minutes
🧾️ Download transcript
Summary
Today we are answering your questions about 529 accounts. We talk about what a reasonable amount to put in a 529 is and what to do if you over fund it. We discuss if it is complicated to have multiple 529 accounts, what a "Daddy Match" is, how to decide what accounts to fund if you are cutting back at work and much more!
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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 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 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 |
| 0:04.2 | get a fair shake on Wall Street. We've been helping doctors and other high-income professionals |
| 0:09.0 | stop doing dumb things with their money since 2011. |
| 0:16.1 | This White Coat Investor Podcast, number 327, send your kid to college. |
| 0:20.8 | Today's episode is brought to us by SoFi. The folks who help you get your money right. |
| 0:24.5 | They've got exclusive rates and offers to help medical professionals like you when it comes to |
| 0:28.0 | refinancing your student loans. That could end up saving you thousands of dollars. |
| 0:31.9 | Still in residency? SoFi offers competitive rates and the ability to whittle down your payments |
| 0:36.0 | to just $100 a month while you're still in residency. |
| 0:38.8 | Are they out of residency? SoFi's got you covered there too. Great rates that could help you save |
| 0:42.9 | money and get on the road to financial freedom. Check out their payment plans and interest rates at |
| 0:47.0 | SoFi.com slash White Coat Investor. SoFi's student loans are originated by SoFi Bank and a member |
| 0:51.9 | FDIC, additional terms and conditions may apply. AnimalS696891. Very timely ad actually, |
| 0:59.9 | you know, at the end of this month, federal student loans payments restart and interest |
| 1:04.4 | starts accruing again. So a lot of you that have put off refinancing for a few years, |
| 1:09.6 | now is the time. See if you can save some money there. Also, as we learned in a recent interview, |
| 1:14.6 | we had with Dr. McLaughlin, you know, if you're coming out of an IMG school with private student |
| 1:19.9 | loans at 11%, yeah. SoFi is going to beat that, right? You might save 5, 6, 7% on your student |
| 1:28.6 | loans. That's a no-brainer. So if you're in that situation, get those suckers refinanced as soon |
| 1:32.7 | as you can. All right. Well, it's the middle of summer. Actually, we're getting toward the end |
| 1:39.1 | of summer by the time you listen to this. It's the middle of summer while I'm recording it. While |
| 1:42.6 | you're listening to it, I'm probably off climbing in the teatowns with my son. It's his turn to go |
... |
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