WCI #451: Roth IRAs and 529s
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 25 December 2025
⏱️ 59 minutes
🧾️ Download transcript
Summary
In this episode we tackle more of your questions, starting with a look into Roth strategy, including how TSP Roth in-plan conversions work and what to consider when converting a traditional IRA to a Roth IRA and paying the resulting tax bill. We then briefly hear from our friends at Fox CPAs. From there we shift to 529 plans and explore how to use them effectively, what to do if they become overfunded, and whether having too much in a 529 is really a problem at all.
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.
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00:00 WCI Podcast #451
01:34 When to Take Your Social Security
09:55 Student Loan Update
22:43 TSP Roth Conversions
27:22 Large Roth Conversions
31:00 Fox & Company CPAs Interview
42:51 Overfunded 529 Accounts
53:45 529 & HSA Reimbursement Timing
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 451. |
| 0:19.1 | Today's 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, but that's where SOFI can help. |
| 0:28.1 | 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. |
| 0:37.1 | SoFi also offers the ability |
| 0:38.2 | to lower your payments to just $100 a month while you're still in residency. And if you're already |
| 0:42.1 | out of residency, SoFi's got you covered there too. More information, go to sophy.com slash white |
| 0:47.4 | code investor. SoFi student loans originated by SoFi Bank, NA, member FDIC, additional terms and |
| 0:52.6 | conditions apply, NMLS 696891. All right, it's good to be back with you. |
| 0:58.4 | I had a wonderful Thanksgiving trip to Hawaii, and now I'm back, and it's time to work. |
| 1:04.5 | So let's get some work done today. I think I'm spending like five hours today in front of the camera. |
| 1:09.1 | I had a presentation this morning to the University of Arizona, Emergency Medicine Residency. I think tomorrow I'm going up to the University of Utah and doing a live presentation. And then this is my third or fourth podcast. We're recording today. So lots of work for us today. But that's all for your benefit. I think this drops on Christmas Day, actually, |
| 1:28.5 | is when this podcast is scheduled to drop. |
| 1:30.6 | So Merry Christmas, to all of you that celebrate Christmas. |
| 1:34.5 | All right, so let's talk about a couple of things I've been thinking about a lot lately. |
| 1:38.1 | The first one was a discussion I listened to, actually, on another podcast with David Bach, who we're actually |
| 1:45.6 | trying to get on the White Coat Investor podcast. I think we'll get him on here in the next few weeks. |
| 1:50.1 | He's the author of The Automatic Millionaire, if you've read that book or heard of that book. |
| 1:55.0 | But he was having a discussion on a podcast and arguing for taking Social Security at 62 unless you really need it. |
| 2:04.0 | Now, he admits that if you really need Social Security, if this is a big piece of your |
... |
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