i totally understand the attractiveness, right? You can get a crypto savings account that's paying anywhere from three to 12 % right now. And if i go to my ally bank account, it's paying zero point five% right now. But there's a truism that larry swedro said. If one has a higher yield than another, it's because it's higher riskWhether you can see that risk or not. In the case of acrypto savings account, you are taking additional risk in order to make 3%.
In this episode we answer your questions about old retirement accounts. What do you do with those accounts? How do you move an old 401(k) to a different custodian? Where do you save if your new employer doesn't offer a retirement plan? We also answer your questions about purchasing homes, emergency funds, laser funds, crypto savings accounts and, that constant question, what do you do when you mess up your backdoor Roth IRA. See the full show notes here https://www.whitecoatinvestor.com/old-retirement-accounts
At some point in our financial lives, it will be time to buy a home. A physician mortgage can be a good vehicle for a young doctor who’s just out of school and has a more effective place to use their money than on a big down payment. These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment than a conventional mortgage. But if you’re further advanced in your career or deeper into your journey to financial freedom, buying a home with a conventional mortgage and then, later on, potentially refinancing that loan to a better rate with a shorter time frame could be a great move. Wherever you are in your financial journey, make sure you use the mortgage that will be most financially beneficial for you. Hop over to our recommended tab to learn more about all of your mortgage and refinancing options at https://www.whitecoatinvestor.com/mortgage. 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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