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WCI #302: Where to Store Your Money

White Coat Investor Podcast

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Burnout Proof MD

Jim Boulden: I was advised to change my brokerage account from being titled under my trust to a LLC. So that my brokerage account will pay dividends and interest at corporate rate, which is 21% rather than my personal rate of 35%. It's very inexpensive to form the LLC and to maintain it year after year. And it seems like it would save me money. Is this just like low fees and diversification a free lunch for investors in a high income tax bracket or is this not worth the trouble? You can sign up for burnout proof MD on whitecodeinvestor.com slash physician dash burnout dash coaching if you want.

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