WCI #364: High Yield Savings Accounts

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 25 April 2024

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today we are answering your questions about high yield savings accounts, why you actually need to write down your financial plan instead of just having it in your head, wether or not you should start a 529 if you are going to be an older parent when your kid goes to college, and if you should take out a mortgage when buying a house or raid your taxable account to pay cash and avoid a high interest rate. Dr. Dahle also responds to some criticism directed at WCI. Finally, we have our friends from MLG Capital on to tell us about their current real estate offerings.

Healthcare is changing, and so are you. Your current career goals are probably different than they were five years ago, and you probably have questions about how to achieve them. Consider locum tenens as a solution. Locumstory.com has all the information you need to learn more about the benefits of locums and how it can work for you. On the Locumstory podcast you can find expert interviews with physicians who’ve worked locum tenens firsthand and share what their experience was like along with advice for others looking to do the same. Tune in to The Locumstory Podcast on Spotify, Apple, or Google podcasts.

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 is White Coat Investor Podcast number 364.
0:17.0	High-Yield Savings Accounts.
0:21.0	Healthier is changing, and so are you. Your current career goals are probably different than they were five years ago. You probably have questions about how to achieve them.
0:28.0	Consider locumtenants as a solution. Locumstory.com is all the information you need to learn about, the benefits of locum's and how it can work for you.
0:36.0	From the Locum Story Podcast, you can find expert interviews with physicians who worked locum tenants firsthand
0:41.0	and share what their experience was like, along with advice for others looking to do the same.
0:45.6	Tune into the Locum Story Podcast on Spotify, Apple or Google Podcasts.
0:51.5	All right, welcome back to the podcast.
0:53.2	It's probably only been a week since you listen to it,
0:55.4	but it's been, or for some of you who are
0:57.7	binging, it's only been a few minutes
0:59.6	since you finish the last one,
1:00.8	but for those of you who are recording them on our side which is basically
1:06.4	me and Megan we haven't done one of these for a few weeks it's April 15th as we record this
1:10.4	is tax day hopefully tax day was okay for you. By the time you're hearing though,
1:14.4	it's this, it's at least the 25th of April. If you like me,
1:18.4	you just filed extensions for tax day and you'll be doing your taxes
1:21.9	in September or October, most likely.
1:24.0	It's really nice to file extensions actually. You might consider even if you don't have to.
1:28.6	It just takes all the pressure off, all of a sudden that your tax prepare is all kinds of time for you
1:33.0	and you know you have to do a certain amount of your taxes
	...

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