Stephanie: I recently got married in November. Prior to getting married, my husband was eligible to meet direct Roth IRA contributions because he was put in the income limit. Now that we are married and filing joint, we combined our over the income limit to make direct contributions. Stephanie: What is the easiest way to do a backdoor Roth contribution if you're doing one for yourself as well as your spouse? All right, enough of your questions for today. You guys got to send us some more if you want longer podcasts.
Today we are answering your questions about investments accounts. We answer questions about UTM accounts and what the tax implications are, how to choose benefit options inside a 401a, whether or not to buy a pension, what to do with your solo 401(k) when starting a W2 job, and of course a Roth 401(k) question and more!
I estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it—just make sure you are getting good advice at a fair price. If you need help updating your financial plan or just getting one in place, check out our list of recommended financial advisors at https://www.whitecoatinvestor.com/financial-advisors. 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!
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