WCI #442: Questions About Taxes
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 23 October 2025
⏱️ 55 minutes
🧾️ Download transcript
Summary
Today we are answering a handful of tax questions. We start out talking about how to help your kids do their taxes and how to educate them along the way. We also discuss how much they can put into a Roth IRA. We talk about mitigating capital gains taxes when selling stocks and also discuss how to simplify your portfolio when moving away from individual stocks and into index funds. We also answer a question about how to decide between an LLC and a Sole Proprietorship for your business and what the impact of that choice may have on your taxes.
Article from Mike Piper on Contribution Limits: https://obliviousinvestor.com/can-you-double-count-earnings-for-ira-and-401k-contributions
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00:00 WCI Podcast #442
08:50 Exchange/Swap Funds
19:15 LLC vs. Sole Proprietor
26:08 Invest vs. Partnership Buy-In
33:30 White Coat Financial Planning
43:40 Revenue Credits
46:04 Undoing Direct Indexing
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 442. |
| 0:19.4 | Today's episode is brought to us by SoFi, the folks who help you get your money right. |
| 0:23.2 | Paying off student debt quickly and getting your finances back on track isn't easy, but that's where SOFI can help. |
| 0:28.4 | They have exclusive low rates designed to help medical residents refinance student loans. |
| 0:32.6 | And that could end up saving you thousands of dollars, helping you get out of student debt sooner. |
| 0:37.2 | SoFi also offers |
| 0:38.0 | the ability to lower your payments to just $100 a month while you're still in residency. And if you're |
| 0:42.3 | already out of residency, SoFi's got you covered there too. More information, go to sophy.com |
| 0:47.2 | slash white code investor. SoFi student loans originated by SoFi Bank, NA member FDIC. Additional |
| 0:52.2 | Terms and Conditions Apply NMLMLS 696-891. |
| 0:56.0 | All right. Welcome back to the podcast. I had glorious morning. I was out for a run this morning, |
| 1:01.0 | and the sun rose. This time of year, it rises right between the walls of Little Cottonwood Canyon |
| 1:06.3 | and some beautiful clouds up there, beautiful lighting, incredible morning. I hope you're having |
| 1:11.3 | a good day as well as you listen to this. It looks like we're recording this only about a week in |
| 1:17.9 | advance. So that's a short period of time for us. You know, we're not making these things |
| 1:23.2 | a day before you hear them for sure, mostly because I'm trying to do so many other things |
| 1:26.9 | in my life. I just have to do things out in advance. I think between yesterday and today, we recorded about two months' worth of milestones podcast. That's just the way we tend to do our work around here. But thanks for what you're doing out there, everybody. It is not easy work. That's why you're a high-income professional. That's why you're a white coat investor, right? Because you do hard work. And that usually |
| 1:47.4 | pays pretty well, can make for a pretty |
| 1:49.1 | awesome financial life as long as you manage it well. So a couple of things I wanted to bring up |
| 1:56.0 | today. Our first one is a quote of the day. This one's from Shelby MC Davis. We said, invest for the long haul, |
... |
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