WCI #336: Asset Protection In Real Estate Investing
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 12 October 2023
⏱️ 56 minutes
🧾️ Download transcript
Summary
Today we tackle your questions about renting out a property, buying a house, estate planning, and the home office deduction. We also talk about a new potential long term care insurance tax in California, much like the tax in Washington State. We also have one of our real estate partners on to update you about what is going on at MLG and to help answer a few of your questions.
I estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it—just make sure you are getting good advice at a fair price. If you need help updating your financial plan or just getting one in place, check out our list of recommended financial advisors at https://www.whitecoatinvestor.com/financial-advisors. 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 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 get a fair |
| 0:04.8 | shake on Wall Street. We've been helping doctors and other high-income professionals stop doing |
| 0:09.6 | dumb things with their money since 2011. This is White Coat Investor Podcast number 336, |
| 0:19.1 | asset protection and real estate investing. This episode is brought to you by Laura Road for Doctors. |
| 0:24.5 | Laura Road is committed to serving the financial needs of doctors. We want to help make your |
| 0:28.3 | money work both harder and smarter, which is why we've boosted the rate on our high-yield |
| 0:32.4 | savings accounts to 5.00% annual percentage yield. Laura Road high-yield savings account comes with |
| 0:39.2 | zero cost open and no monthly account fees. Whether you're saving for an emergency fund or planning |
| 0:43.9 | your next big purchase, you can keep building your savings and access your funds whenever you need them. |
| 0:48.0 | For terms and conditions, please visit www.loraroad.com forward slash WCI. |
| 0:58.6 | Laura Road is a brand of key bank NA member FDIC. |
| 1:02.4 | All right, welcome back to the podcast. Hope you're having a great fall, enjoying football season |
| 1:07.6 | and the cooler, crisper weather. Maybe in a few parts of the country, you're already experiencing |
| 1:12.0 | some snow. I know it's starting to, you know, snow up at our ski resorts by this time of year, |
| 1:17.6 | most years, but we're not done having fun yet. As you're listening to this, I've just finished, |
| 1:24.0 | you know, doing a bunch of cany-nearing trips to Southern Utah. So I hope you're able to find a |
| 1:28.6 | way to do something fun as well. Okay, let's start quote of the day first, Abraham Lincoln today. |
| 1:35.5 | Everybody likes Abe. He said, you cannot escape the responsibility of tomorrow by abating it today. |
| 1:42.1 | That goes for your finances as well. Okay, as you listen to this, the day this drops is October 12th. |
| 1:48.8 | That is the final day. So I hope you listen to this today, this podcast drop, but today is the |
| 1:53.9 | final day to register for WCI con 24 at the early bird price. You can do that at WCI events.com. |
| 2:02.7 | It's going to be a great conference. I'm looking forward to meeting you there personally. |
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