Roth IRAs and 401(k)s - WCI Podcast #414
1,657 views 11 days ago
Today we are answering more of your Roth IRA and 401(k) questions. We talk about the difference between Roth and Traditional IRAs and then answer a question about Roth IRAs for your kids. We talk about some things to think about when changing your business 401(k) plan administrator and then explain what to do if you over contribute to your 401(k). 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. 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/you... Student Loan Advice: https://studentloanadvice.com Facebook: https://www.facebook.com/thewhitecoat... Twitter: https://twitter.com/WCInvestor Instagram: https://www.instagram.com/thewhitecoa... Subreddit: https://www.reddit.com/r/whitecoatinv... Online Courses: https://whitecoatinvestor.teachable.com Newsletter: https://www.whitecoatinvestor.com/fre... 00:00 WCI Podcast #414 04:03 Living Like a Resident 09:36 Roth vs. Traditional - How to Decide? 32:07 Roth Contributions for Kids 37:34 Changing 401(k) Plan Administrators 41:52 Fixing a 401(k) Over-Contribution 44:30 'Blame Game' by Adam Grossman
All of the latest episodes of The White Coat Investor Podcast! 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 for 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 channel 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
The Milestones to Millionaire Podcast by The White Coat Investor is a collection of stories from real docs, just like you, who have hit a significant milestone on their journey to financial independence. We hope that their stories will inspire you to stop doing dumb things with your money, and motivate you on your financial journey. 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 channel is for you! Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones Main Website: https://www.whitecoatinvestor.com Student Loan Advice: https://studentloanadvice.com YouTube: https://www.whitecoatinvestor.com/youtube 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

Shorts

This playlist is for Med Students, Residents, Fellows, and those of you who are in the "Living Like A Resident" phase. 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 for 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 channel is for you! Find more resources at https://www.whitecoatinvestor.com/
This playlist covers various Real Estate topics including Mortgages, Investing In Real Estate, Debt, Equity, Syndications, Passive & Active Real Estate, & more! 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 for 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 channel is for you! Find more resources at https://www.whitecoatinvestor.com/
This playlist is all about F.I.R.E. - The Financial Independence Retire Early movement. 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 for 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 channel is for you! Find more resources at https://www.whitecoatinvestor.com/
The Financially Empowered Women (The FEW) is a White Coat Investor community created to support women on their path to financial success. You’re invited to openly discuss the unique challenges of high-income households that are considered taboo everywhere else. With the support of powerhouse female financial experts at exclusive virtual events and other driven women like you in the private Facebook group, The FEW community will help you create a unique financial plan aligned with your values and put you on the fast track to reaching your goals. The financial industry wants you to believe this is too complex and complicated to figure out. They are wrong. You are capable of mastering your finances AND creating the future you envision! As a woman, you wear many hats and may be a professional, partner, caregiver, mother . . . regardless of what you juggle, you likely have a never-ending to-do list. It is far too easy to push learning about finances to the bottom of that list. You can change that now. You can stop avoiding your finances, know exactly what to do next with your money, and start moving closer to the life you envision. When you understand your financial situation, you can breathe a little easier and feel confident about what your future looks like. You’ve earned that. The Financially Empowered Women community (The FEW) is here to help women like you learn from each other, grow together, and create the life you desire. When you become a part of The FEW, you'll have access to free webinars led by female industry experts, have the opportunity to ask any and all of your questions during virtual meet-ups, and will be a member of a supportive private Facebook Group. With The FEW you will learn to build an easy-to-understand diversified investment portfolio, take advantage of tax reduction strategies, spend intentionally to enjoy more of the things you love, and stay on track with your long-term financial goals. Learn more at https://whitecoatinvestor.com/FEW
This playlist is dedicated to Deep Dives into various financial topics. 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 for 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 channel is for you! Find more resources at https://www.whitecoatinvestor.com/

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