White Coat Investor Podcast21 Jan 2021

WCI #194: The Backdoor Roth IRA Made Easy

Everyone should be contributing to a Roth IRA every year. This is retirement account space that you can't get back. Many of us need to contribute to the Roth IRA through the backdoor, which can be confusing. In this episode we discuss what a backdoor Roth IRA is, steps for successfully contributing to a backdoor Roth IRA, and how to fix errors that occur in each step. See full show notes here whitecoatinvestor.com/the-backdoor-roth-ira-made-easy-podcast-194. For those who have mastered the backdoor Roth IRA we also answer listener questions about adding new asset classes to your investment plan, tax implications for inherited money, helping parents with financial advice, behavioral and math components to personal finance, legal issues concerning being recorded at work, and recharacterizing contributions you have made to your retirement accounts. If you have not done your Roth IRA contribution yet this year, let this episode be the motivation to get it done.

Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings of our podcast, short snippets of financial tips explained succinctly by me and others, and deep dives into topics for more in depth learning. You can even learn all about real estate with webinars from our real estate partners. Check out all this and more at https://www.youtube.com/thewhitecoatinvestor. You can do this and The White Coat Investor can help.

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
YouTube: https://www.whitecoatinvestor.com/youtube
Student Loan Advice: https://studentloanadvice.com
Facebook: https://www.facebook.com/thewhitecoatinvestor
Twitter: https://twitter.com/WCInvestor
Instagram: https://www.instagram.com/thewhitecoatinvestor
Subreddit: https://www.reddit.com/r/whitecoatinvestor
Online Courses: https://whitecoatinvestor.teachable.com
Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(779)

MtoM #291: Surgeons Raise $1.6 Million for a Healthcare AI Startup

How do two orthopedic surgeons with no formal business training raise over $1 million to build a healthcare technology startup? In this Milestones to Millionaire episode, Todd and Justin, orthopedic s...

7 Sep 30min

WCI #487: Why Self-Care Advice Doesn't Fix Physician Burnout

What does it actually take to recover from burnout, beyond the standard advice to practice more self-care? In this episode, Dr. Jim Dahle talks with emergency physician, executive coach, and author Dr...

3 Sep 1h 4min

MtoM #290: This Fellow Reached $600K Net Worth Before Finishing Training

How does a fellow with no attending paycheck yet, and a spouse working as a teacher, build a $600,000 net worth before finishing training? In this Milestones to Millionaire episode, Matthew, a newly m...

31 Aug 31min

WCI #486: What Doctors Need to Know About 529 Plans

How much should you save in a 529 plan, and what happens if you save too much? In this episode of The White Coat Investor Podcast, Dr. Jim Dahle answers listener questions about 529 college savings pl...

27 Aug 32min

MtoM #289: $10 Million Net Worth as a Pharmacist

Can a pharmacist build a $10 million net worth without an extraordinary income? In this episode of the Milestones to Millionaire Podcast, Dr. Jim Dahle talks with a retired pharmacist who spent four d...

24 Aug 26min

WCI #485: What to Do If You Are Behind on Retirement Savings

Is it actually too late to catch up if you did not start investing seriously until later in your career? In this episode, Dr. Jim Dahle answers a listener's honest question about starting late and wan...

20 Aug 59min

MtoM #288: $20 Million Net Worth on an OB-GYN Salary

How does an OB-GYN earning a fairly typical physician income build a net worth of more than $20 million? In this episode of the Milestones to Millionaire Podcast, Dr. Jim Dahle talks with Carlos, an O...

17 Aug 20min

WCI #484: Stop Over-Optimizing Your Finances: What Actually Moves the Needle

Are you spending your time, energy, and attention on financial optimizations that barely move the needle? In this episode, Dr. Jim Dahle and Tyler Scott, President of Planning at White Coat Planning, ...

13 Aug 1h 23min