WCI #359: Tax Deferred vs. Roth Contributions: A Deep Dive
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 21 March 2024
⏱️ 75 minutes
🧾️ Download transcript
Summary
Today Chris Davin, engineer and self taught master of all things Roth, joins Dr. Dahle on the podcast. For anyone who has ever wanted to get all the way into the Roth weeds, this episode is for you. We talk about Roth IRAs, the Backdoor Roth, the Mega backdoor Roth, Roth conversions, and what all of those things mean. We discuss how to determine if you should be doing pre or post tax contributions and why, and how your taxes and tax rate should be considered when deciding what kind of contribution to make. We start with a 101 level discussion before moving to a 201 level discussion and then diving into the graduate level tips and tricks.
Today’s episode is brought to you by SoFi, helping medical professionals like us bank, borrow, and invest to achieve financial wellness. SoFi offers up to 4.6% APY on their savings accounts, as well as an investment platform, financial planning, and student loan refinancing…featuring an exclusive rate discount for med professionals and hundred-dollar-a-month payments for residents. Check out all that SoFi offers at https://www.whitecoatinvestor.com/Sofi
* Loans originated by SoFi Bank, N.A., N-M-L-S 696891. Advisory services by SoFi Wealth LLC. The brokerage product is offered by SoFi Securities LLC, Member FINRA/SIPC. Investing comes with risk including risk of loss. Additional terms and conditions may apply.
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 359. Tax Deferred versus Roth contributions, a deep dive. |
| 0:23.6 | Today's episode is brought to you by SoFi, helping medical professionals like us bank, borrow, and invest to achieve financial |
| 0:29.9 | wellness. |
| 0:30.9 | SoFi offers up to 4.6% APY on their savings accounts as well as an investment |
| 0:35.6 | platform, financial planning, and student loan refinancing, featuring an exclusive rate |
| 0:39.8 | discount for med professionals and $100 a month payments for residents. |
| 0:44.3 | Check out all that SoFi offers at whitecoat investor.com |
| 0:47.5 | slash SoFi. |
| 0:48.7 | Loans originated by SoFi Bank NANMLS 6968891 Advisory Services by SoFi Wealth LLC. |
| 0:55.8 | The brokerage product was offered by SoFi Securities LLC, member, |
| 0:58.9 | FINRA, SIPC. |
| 1:00.6 | Investing comes with risk, including risk of loss, |
| 1:02.4 | additional terms and conditions |
| 1:03.6 | may apply. All right welcome back to the podcast. I hope you're having a great day |
| 1:09.5 | today you know from our annual survey I now know that most of you are commuting but some of you are walking the dog or |
| 1:16.8 | working out and a few of you are just doing chores and that's pretty much what you |
| 1:20.7 | guys do when you listen to the podcast. |
| 1:22.6 | So I hope you're having a good day doing that. |
| 1:24.7 | You had a crummy day, I hope it gets better from here. |
| 1:28.0 | And if no one's told you, thanks for what you do, |
... |
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