WCI #399: 529s, UTMAs, and HSAs

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 26 December 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today Dr. Dahle Dr. Dahle is answering your questions off the speakpipe. We talk about dynasty 529s, UTMAs and the tax benefits of contributing to them, we explain tax gain harvesting and I Bonds within a 529. We answer a question about HSAs and discuss how to go about changing you defined benefit plan administrator if you are not happy with them.

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.
0:06.2	We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.
0:15.9	This is White Coat Investor Podcast number 399.
0:19.4	This episode is brought to you by SOFI, helping medical professionals like us bank, borrow,
0:23.5	and invest to achieve financial wellness.
0:25.5	SoFi offers up to 4.6% API on their savings accounts, as well as an investment platform
0:29.9	financial planning and student loan refinancing, featuring an exclusive rate discount for
0:34.1	med professionals and $100 month payments for residents.
0:37.3	Check out all that SOFi offers at whitecoat investor.com slash SOFi.
0:41.2	Funds originated by SOFI Bank, NA, NMLS 696891, advisory services by SOFI Wealth, LLC.
0:45.7	The brokerage product is offered by SOFI Securities LLC.
0:47.9	Member of FINRA, SIPC, investing comes with risk, including risk of loss.
0:50.7	Additional terms and conditions may apply.
0:52.7	All right, a few things I wanted to go over before we got started today.
0:56.4	The first one is a bit of a memorial announcement.
1:02.8	We had a pilot on this podcast, episode 186, who was pretty well known in the personal finance community, a fellow by the name of Jason DePue.
1:16.1	This was back in 2020 that he was on our podcast.
1:18.6	And I recently learned that he passed away suddenly at age of 44 from a cardiac event and hope that his friends and family will find some comfort in this difficult time. May he
1:30.8	rest in peace. It's a good reminder to all of us, though, that none of us get out of here alive.
1:36.2	Remember to live every day as though it's your last, every year, as though it's at least the best
1:42.4	year of the rest of your life.
1:45.5	You know, it's interesting.
	...

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