WCI #405: TSP Fund, Indemnification Clauses, and Paying Off Loans

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 6 February 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We start off answering questions from some military docs about the TSP fund now that it allows Roth conversions and contributions. We then talk about indemnification clauses. Dr. Dahle asked our friend Kyle Claussen from Resolve to come on and educate us and answer this question. Indemnification clauses can be problematic for docs and it is worth really understanding them. We wrap up by answering questions about debt pay off. The first is about what happens when you try to make an extra student loan payment, next we talk about the best way to pay off a practice loan and then discuss if it is a good idea and if it is even possible to cash flow your advanced education.

Tax season is around the corner, and this means it’s the perfect time to optimize your tax strategy. That’s why enrollment is now open for Cerebral Wealth Academy’s course, The Doctor’s 4-Week Guide to Smart Tax Planning, but only until the end of February. Designed for medical professionals with 1099 income, this course includes live Q&A sessions with Alexis Gallati, founder of Cerebral Tax Advisors, and 22 easy-to-follow video lessons covering everything from choosing a business entity to advanced tax strategies and retirement planning. Listeners of the White Coat Investor podcast can use the code WCIFEB300 at checkout for a $300 discount. Visit https://cerebralwealthacademy.com today to enroll.

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
0:09.3	doing dumb things with their money since 2011. This is White Coat Investor podcast number 405.
0:19.3	Tax season is around the corner, and this means it's the perfect time to optimize your tax
0:23.4	strategy.
0:24.5	That's why enrollment is now open for Cerebral Wealth Academy's course, the doctor's four-week
0:29.0	guide to smart tax planning, but only until the end of February.
0:33.0	Designed for medical professionals with 1099 income, this course includes live Q&A sessions with Alexis
0:38.2	Galati, founder of Cerebral Tax Advisors, and 22 easy-to-follow video lessons covering everything
0:43.6	from choosing a business entity to advance tax strategies in retirement planning.
0:48.2	Listeners of the White Code Investor podcast can use the code WCI Feb 300 at checkout for a $300 discount.
0:56.6	Visit cerebralwealthacademy.com today to enroll.
1:00.4	All right, welcome back to the podcast.
1:02.2	Hope you're having a great winter.
1:04.1	We're recording this at the end of January.
1:06.5	It's going to run February 6th, so not too big of a delay between those two.
1:13.3	But one thing you should know,
1:18.8	as you're listening to this, especially if you're a student, is that we have a webinar coming up.
1:24.4	February 12, 6 p.m. Mountain Times, what medical and dental students need to know about money.
1:28.9	This free information can literally make a difference worth millions of dollars over the course of your career. You simply cannot afford to wait until the big paychecks
1:32.9	start rolling in to learn about money. Here's what you're going to learn. Why your patients need
1:37.3	you to be financially illiterate, the secret to being a financially successful doctor, how to not
	...

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