WCI #428: Estate Planning and Passing Wealth to Your Children
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 17 July 2025
⏱️ 60 minutes
🧾️ Download transcript
Summary
Today we are answering your questions about estate planning and passing on of wealth to future generations. We talk about the value of giving your kids their inheritance earlier in life when they need it most. We discuss if buying variable annuities as a way to pass wealth to your children or grandchildren is a good idea, as well as what to do when you receive an annuity as inheritance. We discuss the importance of getting a solid estate plan in place, especially when there are complicated situations involving multiple properties being kept in the family and passed down to future generations. We also get to hear from our friends at Wellings Capital and then answer a question about private real estate debt funds.
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.
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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 428. |
| 0:19.5 | Today's episode is brought to us by SOPI, the folks who help you get |
| 0:22.6 | your money right. Paying off student debt quickly and getting your finances back on track isn't easy, |
| 0:27.5 | but that's where SOPI can help. They have exclusive low rates designed to help medical residents |
| 0:31.7 | refinance student loans. That could end up saving you thousands of dollars helping you get out of |
| 0:36.3 | student debt sooner. |
| 0:41.9 | SoFi also offers the ability to lower your payments just $100 a month while you're still in residency. |
| 0:45.3 | If you're already out of residency, SoFi's got you covered there too. For more information, go to SOFi.com slash white coat investor. |
| 0:49.0 | SoFi student loans originated by SOFi Bank and a member FDIC, additional terms and conditions apply, |
| 0:56.9 | NMLS 696891. |
| 1:02.7 | Okay, thanks out there, everybody, for being a white coat investor. Thanks for what you do. |
| 1:08.9 | Your work's important. No one told you thank you. Let me be the first today. It is important work you do. |
| 1:12.0 | You know, last week we talked about making a disability insurance claim, and I didn't spend a lot of time talking about the fact that if you need help |
| 1:17.2 | getting disability insurance, we can help you do that too. Go to whitecoatinvestor.com |
| 1:22.4 | slash insurance. We have partnered with a bunch of agents who are, I don't want to say they're the best agents in the |
| 1:30.3 | country, but they probably are. They do more policies for doctors and other high-income |
| 1:37.8 | professionals than just about anybody else. Plus, they meet with us regularly. They know how we feel about insurance. They know we're |
| 1:47.9 | huge fans of getting disability insurance. We're huge fans of term life insurance if you need it. |
| 1:53.1 | We're not huge fans of, you know, everybody buying whole life insurance policies for retirement |
| 1:58.5 | purposes or something. So they're not going to sell you all this stuff |
... |
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