WCI #411: 401(k)s, IRAs, 403(b)s, and other Retirement Account Questions
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 20 March 2025
⏱️ 56 minutes
🧾️ Download transcript
Summary
Today we are tackling your questions about retirement accounts. We talk about rolling a 401(k) into and IRA after changing jobs, how to do a 403(b) rollover, and how to pass non discrimination testing for your 401(k) as business owners. We answer a question about rebalancing your portfolio and cover some taxable account questions as well.
I estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it—just make sure you are getting good advice at a fair price. If you need help updating your financial plan or just getting one in place, check out our list of recommended financial advisors at https://www.whitecoatinvestor.com/financial-advisors. You can do this and The White Coat Investor can help.
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. |
| 0:16.0 | This is White Coat Investor Podcast number 411. Today's episode is brought to you by SOFI, helping medical |
| 0:21.8 | professionals like us bank borrow and invest to achieve financial wellness. SoFi offers savings |
| 0:26.9 | accounts as well as an investment platform, financial planning, student loan refinancing, featuring an |
| 0:31.7 | exclusive rate discount for med professionals and $100 a month payments for residents. Check out all |
| 0:37.2 | that SOFI offers at |
| 0:38.6 | whitecoatinvestor.com slash SOFi. Bones originated by SOFi Bank, NA, NMLS 696-891, advisory |
| 0:44.7 | services by SOFI wealth LLC. The brokerage product is offered by SOFI Securities LLC member, FINRA, |
| 0:49.1 | SIPC. Investing comes with risk, including risk of loss, additional terms and conditions may apply. |
| 0:54.0 | All right, we're back from the conference. This is the first podcast we're recording since we got |
| 0:58.2 | back. I literally just came home two days ago. And so while you won't hear this until like three |
| 1:04.0 | weeks after the conference is over, we just got home. And the conference is awesome every year. |
| 1:10.2 | It's so nice to meet everybody in person, right? |
| 1:12.5 | At this point, our staff is great. I think we only had two people, one of which was our intern, |
| 1:18.1 | one of my nieces that's going through college with the assistance of the cousin 529s we put together. |
| 1:24.5 | But she is actually majoring in putting on events like our conference. |
| 1:28.8 | So I even brought her up on stage and she had, she did a little part about the 529 for the |
| 1:33.3 | conference attendees. |
| 1:34.3 | So that was one person. |
| 1:35.3 | Then we had one of the spouses of one of our, or partners of one of our employees that |
| 1:39.3 | came. |
... |
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