WCI #349: Is Over Contributing to Your 403(b) Ever a Good Idea?
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 11 January 2024
⏱️ 67 minutes
🧾️ Download transcript
Summary
Today is another Friends of WCI episode. Tyler Olson of Olson Consulting joins Dr. Dahle to answer your questions. They talk about paying taxes and if you should use a professional or do them yourself. They discuss medical loans and how taxes work with those. They discuss what to do with an old SEP IRA, if it is ever a good idea to over contribute to a 403(b) and the difference between average cost basis and actual cost basis.
Cerebral Tax Advisors: As the new year starts, it's crucial to take a proactive approach towards tax planning to ensure that you're leveraging all available money-saving strategies. Cerebral Tax Advisors, a White Coat Investor-recommended tax firm trusted by physicians nationwide, specializes in court-tested and IRS-approved strategies, helping medical professionals lower both, their personal and business taxes. Their services are flat-rate, focusing on the client's return on investment. Alexis Gallati, founder of Cerebral Tax Advisors, comes from a family of physicians and has over two decades of experience in high-level tax planning strategies and multi-state tax preparation. To schedule a free consultation, visit https://cerebraltaxadvisors.com.
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. |
| 0:19.0 | This is White Coat Investor Podcast number 349. Our sponsor for this podcast is Cerebral Tax Advisors. |
| 0:22.0 | As the New Year starts, it's crucial to take a |
| 0:24.5 | proactive approach towards tax planning to ensure that you're leveraging all |
| 0:27.6 | available money-saving strategies. Cerebral tax advisors, a whitecoat investor |
| 0:31.5 | recommended tax firm trusted by physicians |
| 0:33.4 | nationwide specializes in court-tested and IRS approved strategies helping medical |
| 0:37.8 | professionals lower both their personal and business taxes. Their services are |
| 0:41.7 | flat rate, focusing on the client's return on investment. |
| 0:44.5 | Alexis Galate, founder of Cerebral Tax Advisors, comes from a family of physicians, |
| 0:48.4 | and has over two decades of experience in high-level tax planning strategies and multi-state tax preparation. |
| 0:53.7 | To schedule the pre-consultation, visit W. W. that Cerebral Tax Advisors. |
| 0:58.6 | dot com. All right, welcome back everybody. It's good to have you here. We're recording the week before Christmas. |
| 1:04.4 | This won't run until, you know, a couple of weeks into January, but we hope by the time you hear this, |
| 1:10.0 | you had a great holiday season and looking forward to another awesome year. |
| 1:15.4 | I hope you've set some goals for yourself, both financial and non-financial and that you just |
| 1:21.8 | have a great time. |
| 1:23.1 | If you have not already signed up, by the way, |
| 1:26.0 | to come be with us in Florida |
| 1:29.3 | at the Physician Wellness and Financial Literacy Conference |
| 1:31.6 | or W.C. icon, you can still come. In fact here's a |
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