WCI #346: Roth IRAs are NOT a Bad Investment
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 21 December 2023
⏱️ 48 minutes
🧾️ Download transcript
Summary
Today Dr. Dahle debunks an article recently published titled "Why a ROTH is a Bad Idea (Yes, You Can Lose Money)". You can find that article here: https://lifeandmyfinances.com/investing/why-roth-ira-is-bad
He spends time educating on why ROTH is a fantastic place to put your money and why this article should never have been published. We also answer a few questions about buying houses now that interest rates are going up. We talk about 401(k) loans, ROTH conversions, how much you need to donate to justify a DAF and 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 get a fair shake on Wall Street. |
| 0:06.1 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. This whitecoat investor podcast number 346. |
| 0:19.0 | Roth IRAs are not a bad investment. |
| 0:22.0 | When you're exploring career choices consider |
| 0:24.2 | locum tenants. Locum's gives you flexibility with short-term assignments but there |
| 0:28.0 | are many more benefits that can improve your quality of life. The best way to |
| 0:31.4 | research the vast world of locums is to talk to an expert. |
| 0:33.8 | Compelts created the Locums industry, work with them to identify what you want out of your life, |
| 0:37.9 | and work and find the perfect fit. Locums works best when it's all about you and that's their focus. |
| 0:42.3 | They specialize in everything you. |
| 0:44.0 | Learn more at comp health.com or visit them in person, W.C. icon 24, February 5th through 8th in Orlando, Florida. |
| 0:51.6 | You still come to that in person by the way. I think more people |
| 0:54.5 | signing up these days are coming virtually. Both options are there. It's obviously much |
| 0:58.1 | cheaper virtually, but I think it's a dramatically better experience if you come in person. So whichever way you come, we'd love to see you there. |
| 1:08.1 | By the way, it's that time of year again when we're doing our annual survey. |
| 1:15.6 | Please, please, please, please, please, please, please, please, please, please survey please please please please please fill it out |
| 1:20.8 | white code investor.com slash survey are we doing a giveaway with the survey? Yeah we're doing a giveaway We're giving you some great stuff. Do you have any |
| 1:23.2 | idea what it is, Megan? Oh yeah, you get WCI merch this year. Yeti Water Bottle, t-shirts, the Grand Prize is going to be a |
| 1:29.4 | WCI online course of your choice. So how do you enter this drawing? You fill out the annual |
| 1:34.3 | survey, that's it. But the important thing about this survey is not the swag, it's |
| 1:38.9 | that it affects what we do here. This is the most important feedback we get every year and and |
| 1:45.7 | negative feedback is absolute gold in this business literally and figuratively and |
... |
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