WCI #384: Help Your Kids Build Wealth

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 12 September 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today on the podcast we are talking about how to help your kids build wealth by funding Roth IRAs, HSAs, 529s, and employing them in your business. We also tackle questions about using brokerage accounts to get an attractive yield on cash, cash management accounts, and how to make sure you get your full match when you have a mandatory 403b contribution.

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

Click on a timestamp to play from that location

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. Hello W.C. I'm still taking some time off to rest and recover from my accident.
0:20.0	But don't worry, I'll be back in a few weeks.
0:22.6	Until then, enjoy this episode from one of our friends of WCI.
0:27.0	Hello everyone and welcome to episode 384 of the White Coat Investor
0:31.8	Podcast. Today we're going to be mostly talking about ways to help out and
0:35.4	optimize your kids. First let me start by saying I am incredibly honored to be here. My name is
0:42.0	Tyler Scott. I am a friend of W.C. I am a friend of WCI. I've been a
0:45.4	guest on the podcast before. I'm a columnist on the blog. My wife Megan is the
0:49.8	podcast producer. I used to be a dentist for some of you that know my story and to be here hosting
0:58.0	the very podcast from the very website that changed my entire personal and professional life is a surreal honor.
1:07.3	I am so sad for the reason that I am here.
1:11.7	We are all rooting for Jim to make a full recovery. We know he's going to bounce back quickly and to be here to stand in his place for one episode is I am tremendously grateful and thank you for tolerating me in this liminal space while we wait for Jim to come back to us.
1:31.2	Today's episode is brought to you by sofai helping medical professionals like us. Today's episode is brought to you by SoFi, helping medical professionals like us bank, borrow, and invest to achieve financial wellness.
1:38.0	SoFi offers up to 4.6% APY on their savings accounts,
1:44.2	as well as an investment platform, financial planning,
1:47.2	and student loan refinancing,
1:49.0	featuring an exclusive rate discount
1:50.8	for medical professionals and a $100 a month payment for residents.
1:54.5	Check that out at whitecoat investor.com slash sofy.
1:59.4	Loans originated by sofy bank, N. A. NMLS 696, 891, advisory services by SoFi Wealth LLC.
2:07.0	Brokerage product is offered by SoFi Securities LLC, member Finra, SIPC,
	...

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