WCI #400: Contribution Limits, Estate Planning, and Emergency Funds

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 2 January 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today we answer a few questions about estate planning and then explain what a Grantor Retained Annuity Trust is. We talk about contribution limits when you have multiple 401(k)s. We give some advice to a listener who is being gifted a property that is not going to get a step up in basis and what he should do to prepare for the potential tax bomb. We end with helping a new attending know how long it should take to save up a 4 - 6 month emergency fund.

As the new year begins, it’s crucial to take a proactive approach to tax planning and leverage every money-saving opportunity. Over the past decade, clients of Cerebral Tax Advisors have seen an average return of 453.53% on their investment in Cerebral’s tax planning services. As a White Coat Investor-recommended firm trusted by physicians nationwide, Cerebral uses court-tested, IRS-approved strategies to reduce personal and business taxes. Cerebral founder, Alexis Gallati, comes from a family of physicians and brings over 20 years of expertise in tax strategy and multi-state tax preparation. Schedule your free Discovery Session today at https://cerebraltaxadvisors.com

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
0:04.8	shake on Wall Street. We've been helping doctors and other high-income professionals stop doing
0:09.6	dumb things with their money since 2011.
0:16.0	This is White Coat Investor podcast number 400. As the new year begins, it's crucial to take a proactive
0:22.1	approach to tax planning and leverage every money-saving opportunity. Over the past decade,
0:26.7	clients of cerebral tax advisors have seen an average return of 453% on their investment in
0:32.3	Cerebral's tax planning services. As a white-coed investor recommended firm trusted by physicians
0:36.7	nationwide,
0:42.3	cerebral uses court-tested IRS-approved strategies to reduce personal and business taxes.
0:47.0	Cerebral founder, Alexis Galati, comes from a family of physicians and brings over 20 years of expertise in tax strategy and multi-state tax preparation. Schedule your free discovery session
0:52.7	today at cerebraltaxadvisors.com.
0:56.8	All right, welcome back to the podcast. This is podcast number 400. That's right. 400 of these
1:03.9	episodes we've done. And since we do what, you know, about 50 of them a year, given that there's
1:10.5	52 weeks a year.
1:11.9	That means we've been doing this for eight years now.
1:14.5	It's a long time to keep a podcast going.
1:16.3	Most podcasts that get started don't even last a year.
1:18.8	So pretty remarkable.
1:20.4	We're excited about hitting that number this year.
1:22.6	We're also excited that's the beginning of 2025.
1:25.3	So hopefully you're going to have a great financial year in 2025,
1:29.6	and we're here to help you do that as best we can. I need to take a minute to go back a couple
	...

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