WCI #397: Roth, Mega Backdoor Roth, Solo 401(k)s and IRAs

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 12 December 2024

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today we are answering your retirement account questions. We answer questions about the mega backdoor Roth, Roth conversions, solo 401(k)s, individual IRAs and what to do with an inherited IRA.

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!

Main Website: https://www.whitecoatinvestor.com
YouTube: https://www.whitecoatinvestor.com/youtube
Student Loan Advice: https://studentloanadvice.com
Facebook: https://www.facebook.com/thewhitecoatinvestor
Twitter: https://twitter.com/WCInvestor
Instagram: https://www.instagram.com/thewhitecoatinvestor
Subreddit: https://www.reddit.com/r/whitecoatinvestor
Online Courses: https://whitecoatinvestor.teachable.com
Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter

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.
0:06.2	We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.
0:16.0	This is White Coat Investor Podcast. This episode is brought to you by SOFI, helping medical professionals like us, bank,
0:22.3	borrow, and invest to achieve financial wellness.
0:24.6	SoFi offers up to 4.6% APY on their savings accounts, as well as an investment platform
0:29.0	financial planning and student loan refinancing, featuring an exclusive rate discount for
0:33.2	med professionals and $100 month payments for residents.
0:36.3	Check out all that SOFi offers at whitecoat investor.com slash SOFI.
0:40.2	Mons originated by SOFI Bank, NA, NMLS 696, 891, advisory services by SOFI wealth LLC.
0:44.7	The brokerage product is offered by SOFI Securities LLC.
0:46.9	Member FinRAS IPC, investing comes with risk, including risk of loss.
0:49.8	Additional terms and conditions may apply.
0:51.9	Welcome back to the podcast.
0:53.7	Today's a really special day here at WCI.
0:55.9	This is what we call the swag bag deadline today.
0:58.9	And what am I talking about swag bags?
1:00.9	I'm talking about WCICon, the physician wellness and financial literacy conference.
1:06.3	Part of this conference for the whole time we've been running ever since 2018 in park city we tried to
1:13.2	give out these sweet swag bags right we give books in them you know financial books and cool swag
1:18.9	and stuff that you actually take home not just a bunch of garbage and uh you know so the swag bag
1:24.6	actually has some real value at wc. But it takes a little bit of time
1:29.7	to order all the books and put it all together. So if you want to get a swag bag, when you come to
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Dr. Jim Dahle of the White Coat Investor, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Dr. Jim Dahle of the White Coat Investor and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.