WCI #435: Becoming a Millionaire by Reducing Your Taxes
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 4 September 2025
⏱️ 47 minutes
🧾️ Download transcript
Summary
Today we are answering your tax questions and hopefully helping you learn how to hang on to more of your money by reducing your taxes where you can. We answer a few questions about capital gains taxes and Dr. Dahle explains how to limit those taxes but also reminds you, life is going well if this is something you are having to navigate. We answer a question about social security taxes, one about using tax losses in retirement and how to be tax efficient during your training years.
2025 is coming to a close, making now the perfect time to tighten your tax plan so you don't overpay the IRS when 2026 tax season arrives. Cerebral Tax Advisors, the White Coat Investor-recommended firm trusted by physicians nationwide, uses court-tested, IRS-approved strategies to reduce personal and business taxes. Over the past 10 years, Cerebral clients have seen an average of 453.53% return on investment in their tax planning services. Founder and Lead Tax Strategist Alexis Gallati, author of 'Advanced Tax Planning for Medical Professionals', comes from a family of physicians and has over 20 years of experience in high-level tax planning strategies. To schedule a free consultation, visit https://cerebraltaxadvisors.com.
The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. 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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00:00 WCI Podcast #435
04:38 401(a) Taxes & Rollovers
11:20 Using Tax Losses in Retirement
19:35 Optimizing Finances as a Student
24:17 Diversification & Asset Location
29:40 Reducing Capital Gains Taxes
38:50 Restricted Stock Units (RSU)
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 435, |
| 0:19.1 | becoming a millionaire by reducing your taxes. |
| 0:21.8 | 2025 is coming to a close, making now the perfect time to tighten your tax plan so you don't |
| 0:26.1 | overpay the IRS when 2026 tax season arrives. Serrebral Tax Advisors, the White Code Investor |
| 0:31.6 | Recommended firm trusted by physicians nationwide, uses court-tested IRS-approved strategies to reduce |
| 0:36.9 | personal and business taxes. |
| 0:38.8 | Over the past 10 years, cerebral clients have seen an average of 453% return-on investment |
| 0:43.6 | in their tax planning services. Founder and lead tax strategist Alexis Galati, author of |
| 0:48.5 | Advanced Tax Planning for Medical Professionals, comes from a family of physicians and has over 20 |
| 0:53.2 | years of experience in high |
| 0:54.3 | level tax planning strategies. To schedule a free consultation, visit www.sorebraltaxadvisors.com. |
| 1:02.7 | Thanks and welcome back to the podcast. We're thankful to have you here without you. There is no |
| 1:08.0 | podcast. It's just me spewing information into the void. It's great |
| 1:12.9 | to have you here. We just did our, I can't call it a webinar. I got to call it a crash course, |
| 1:17.7 | right, get in trouble. Our crash course last night, we were up late presenting that. So for those of |
| 1:23.6 | you who were able to participate in that, it was wonderful to have you. We hope that was super |
| 1:27.0 | helpful. Those who have no idea what I'm talking about, this is actually going to be available. I think it's going to be on YouTube, isn't it, Megan? Yes. I think it's going to be on YouTube. By the time you hear this, it's probably already on YouTube, but we spent about an hour and 15 minutes, myself and Andrew Paulson with student loan advice, presenting material. |
| 1:45.4 | Then we spent about 45 minutes answering questions from the audience. |
| 1:49.3 | So great time. |
| 1:50.4 | I think we were able to help a lot of people. |
... |
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