WCI #418: Get Your Tax Bill Down

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 8 May 2025

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

With tax season just ended we have gotten a lot of questions about taxes. Today we are tackling those questions. We talk about tax loss harvesting, tax implications for changing your 529 beneficiary, gift tax rules, tax withholdings, the home office deduction and more.

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!

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 number 418. Get your tax bill down. Today's episode is brought to us by
0:22.1	SOFI, the folks who help you get your money right. Paying off student debt quickly and getting
0:26.1	your finances back on track isn't easy. And that's where SOFI can help. They have exclusive
0:30.4	low rates designed to help medical residents refinance student loans. That can end up saving you
0:34.9	thousands of dollars, helping you get out of student debt sooner.
0:42.4	SOFI also offers the ability to lower your payments to just $100 a month while you're still in residency.
0:45.7	If you're already out of residency, SOFI's got you covered there too.
0:49.1	For more information, go to SOFI.com slash white code investor.
0:55.1	SoFi student loans are originated by SOPi Bank, NA, member FDIC, additional terms and conditions supply, and MLS 696-891.
0:58.5	All right, welcome back to the podcast.
1:00.4	It's great to have you here.
1:01.9	Thanks for what you're doing out there.
1:03.6	It's an important work you're doing.
1:05.7	And it really does matter.
1:08.0	I spent the weekend working in the emergency department. And, you know, there are unpleasant things that happen in the
1:11.6	emergency department like fecal disimpactions. Not my favorite. Not going to lie. But you know what?
1:18.0	The patient was so grateful. And it's nice to be able to serve sometimes, even if the work isn't
1:24.0	particularly pleasant. I'm actually doing a whole bunch of white coat of ester work today.
1:28.2	We're recording a bunch of webinars and podcasts, et cetera.
	...

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