Maximizing Retirement Contributions and Exploring Alternative Investment Options for Kids

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This chapter delves into the rules limiting 401k contributions for kids and suggests exploring other investment avenues like 529s, UTMAs, variable annuity, and HSAs. It also addresses a listener's inquiry on maximizing 403B contributions, emphasizing the benefits of taxable brokerage accounts for additional savings.

Today we answer your questions about rolling over an HSA, when to withdraw from your HSA, whether a UTMA or Custodial Roth IRA is better for your kids, if it is a good idea to open a solo 401(k) for your kids, how to maximize your 403(b) contributions and how to mimic the US Stock Market index fund if your 403(b) doesn't offer that.

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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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