WCI #414: Roth IRAs and 401(k)s

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 10 April 2025

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we are answering more of your Roth IRA and 401(k) questions. We talk about the difference between Roth and Traditional IRAs and then answer a question about Roth IRAs for your kids. We talk about some things to think about when changing your business 401(k) plan administrator and then explain what to do if you over contribute to your 401(k).

Today’s episode is brought to us by SoFi, the folks who help you get your money right. Paying off student debt quickly and getting your finances back on track isn't easy, but that’s where SoFi can help — they have exclusive, low rates designed to help medical residents refinance student loans—and that could end up saving you thousands of dollars, helping you get out of student debt sooner. SoFi also offers the ability to lower your payments to just $100 a month* while you’re still in residency. And if you’re already out of residency, SoFi’s got you covered there too.

For more information, go to https://www.whitecoatinvestor.com/Sofi
SoFi Student Loans are originated by SoFi Bank, N.A. Member FDIC. Additional terms and conditions apply. NMLS 696891.

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. This is White Coat Investor Podcast number 414. Today's
0:19.7	episode is brought to us by SoFi, the folks who help you get your money right.
0:23.3	Paying off student debt quickly and getting your finances back on track isn't easy. That's where SOFI can help.
0:28.8	They have exclusive, low rates designed to help medical residents refinance student loans.
0:33.5	That can end up saving you thousands of dollars, helping you get out of student debt sooner.
0:38.2	SoFi also offers the ability to lower your payments to just $100 a month while you're still in residency.
0:43.2	And if you're already out of residency, SoFi has got you covered there too.
0:46.9	For more information, go to sophy.com slash white code investor.
0:50.6	Sofi student loans are originated by SoFi Bank, NA, and member FDIC, additional terms and conditions apply, and MLS 696891.
0:56.7	All right.
0:57.7	Our quote of the day today comes from James W. Frick, who said, don't tell me where your priorities are.
1:03.2	Show me where you spend your money.
1:05.1	And I'll tell you what they are.
1:07.2	Like that.
1:07.7	So true.
1:08.5	You got to make sure you're spending aligns with your values. Very, very important, right?
1:14.7	Okay, it's survey time, not time to go do the medical surveys you get paid for. You can find that link,
1:20.4	by the way, at whitecoat investor.com slash medical surveys. I'm talking about our annual survey.
1:26.8	Here at whitecoat investor,. That link can be found to
1:29.1	whitecoatinvestor.com slash WCI survey. And you can take it from today until May 16th. This is our
	...

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