We've been podcasting now for about 10 days, and we've had 19,000 downloads. We're trying a few different things with the microphone today to see if we can get rid of that sound. I'm also being told to slow down and vary my pacing more. Other readers tell me I need to use she at least as much as I use he.
Backdoor Roth IRAs and Why You Should Be Funding Them.
If you have no idea what a Backdoor Roth IRA is, listen to this podcast. Seriously. You need to know what it is.
Most physicians should be using a personal and spousal Backdoor Roth IRA. Not only does this provide an additional $5,500 each ($6,500 each if you and your spouse are over 50) of tax-protected and (in most states) asset protected space, but it allows for more tax diversification in retirement. That allows you to determine your own tax rate as a retiree by deciding how much to take from tax-deferred accounts and how much from Roth accounts.
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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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