WCI #371: Which Accounts Will Make Your Kids Rich?

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 13 June 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today we answer your questions about rolling over an HSA, when to withdraw from your HSA, whether a UTMA or Custodial Roth IRA is better for your kids, if it is a good idea to open a solo 401(k) for your kids, how to maximize your 403(b) contributions and how to mimic the US Stock Market index fund if your 403(b) doesn't offer that.

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 $100/month payments for residents. Check out all that SoFi offers at https://www.whitecoatinvestor.com/Sofi
*Loans originated by SoFi Bank, N.A., NMLS 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 371. Today's episode is brought to you by SoFi, helping medical like us bank borrow and invest to achieve financial
0:24.6	wellness. SoFi offers up to 4.6% APY on their savings accounts as well as an investment
0:30.0	platform financial planning and student loan refinancing
0:32.6	feature an exclusive rate discount for med professionals
0:35.6	and a hundred dollar month payments for residents check out all the sofi offers
0:39.3	at whitecoat investor.com slash sofi.
0:41.7	loans originated by soFI Bank N.
0:43.0	N.
0:44.0	MLS 696.
0:45.0	Advisory services by SoFI Wealth LLC.
0:46.0	The brokerage product is offered by SoFI securities LLC.
0:48.0	Member FINRA SIPC.
0:49.0	Investing comes with risk including risk of loss.
0:51.0	Additional terms and conditions may apply.
0:52.0	All right, welcome back to the podcast.
0:54.2	We're recording this today is May 3rd.
0:57.2	This thing's not gonna drop for over a month.
0:58.8	June 13th is when it drops.
1:01.4	Might be something cool that happens in the world between now and then that
1:05.1	we're not mentioning on this podcast.
	...

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