WCI #372: Solo 401(k), TSP, Employer Match and Converting from Pre-tax to Roth Questions

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 20 June 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today we are answering your questions about retirement accounts. We start out by addressing the recent change with Vanguard getting out of the solo 401(k) game. Then we talk about if you can contribute to both a solo 401(k) and the TSP if you are in the military, we discuss 401(k) employer matching, concerns around losing a non-governmental 457b, what to do with an inherited IRA, and converting from pretax to Roth.

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.
0:18.0	This white-co-bone investor podcast number 372. Today's episode is brought to you by SoFi, helping medical professionals like us bank borrow and invest to achieve financial wellness.
0:24.9	SoFi offers up to 4.6% API on their savings accounts as well as an investment platform,
0:29.6	financial planning and student-monry financing sure in an exclusive rate discount for med professionals
0:34.8	and $100 month payments for residents.
0:37.0	Check out all the SOFI offers at whitecode investor.
0:39.2	com.
0:39.8	SOPI.
0:40.8	LNA animal S-96891, advisory services by SoFi Wealth I will see,
0:45.0	the brokerage product is offered by SoFi Securities LLC, Member FINRA, SIPC, investing comes with risk,
0:48.6	including risk of loss, terms and conditions may apply.
0:51.6	Welcome back to the podcast, as you this I am rafting. I'm in Idaho in the
0:56.6	boondocks trying to negotiate my way down the middle fork of the salmon with my
1:00.9	family and friends so I hope all is going well as you listen to this.
1:04.7	I'm sure it will be and will have been a fun adventure.
1:08.4	But whatever you're up to this week,
1:09.8	I assume you're not in the boondocks
1:11.2	if you're listening to this.
1:12.2	I hope it's going well for you.
1:13.2	Thanks for dedicating your life to your profession and to your family and if you're feeling underappreciated today,
1:19.4	you know that there's somebody out there that greatly appreciates what you're doing.
	...

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