WCI #402: Mega Backdoor Roth, Student Loans, and Expert Witness Work

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 16 January 2025

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today we start out answering a few of your Mega Backdoor Roth questions. Then we move to answering a handful of questions about student loans including if we think the Trump administration is going to get rid of PSLF. We also have friend of WCI, Dr. Gretchen Green, join us for a few minutes to talk about the power of side gigs and increasing your income. Especially if you can use the skills you already have from your training. Dr. Green teaches docs how to boost their income by doing expert witness work.

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
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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 No. 402.
0:19.7	Today's episode is brought to you by SOFI, helping medical
0:22.1	professionals like us, bank borrow, and invest to achieve financial wellness. SoFi offers up to
0:27.9	4.6% API on their savings accounts, as well as an investment platform financial planning and student
0:33.7	loan refinancing, feature an exclusive rate discount for medical professionals
0:37.5	and $100 a month payments for residents. Check out all the SOFI offers at www. www.
0:42.9	www. whitecodeinvestor.com slash SOFI. The loans originated by SOFI Bank, NMA, NMLS, 696,891.
0:49.5	Advisory Services by SOFI Wealth, LLC. The brokerage product is offered by SOFI Securities
0:53.3	LLC, member FINRA, SIPC.
0:55.7	Investing comes with risk, including risk of loss. Additional terms and conditions may apply.
1:00.0	Well, welcome back to the podcast. I know you just listened to a podcast last week, but I haven't
1:05.0	recorded a podcast in like a month. We kind of front-loaded them before the holidays, and then we took
1:10.6	some time off.
1:11.9	And the truth is what I've really spent my time doing over the last month is mostly physical
1:17.7	therapy. As you'll recall, if you listen to this podcast, I fell off a mountain in August and
1:23.1	smashed up my wrist, pretty badly. I required surgery a couple of weeks later, and then I spent the
1:28.7	next 10 weeks in a splint. For a month after that, I was out of the splint, but told basically
1:34.5	to use the hand, but not push the hand, and certainly not to have any goals for the hand.
1:41.3	Then a month after that, about mid-December, I was clear to do physical therapy.
	...

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