When you're paid in company shares, whether you still work there or not, I generally recommend getting rid of em as soon as you can. T's pretty common in the tech world and it's very uncommon in health care. You definitely still come out ahead after paying the taxes. If you have a bunch of tax losses from tax loss harvesting, maybe that could offset it. But for the most part, this is going to be a taxable event when you get rid of those shares. All right, here's a question about which retirement account to fund first. How do i know if i am an exception to the rule about which retirement accounts to fund first?
In this episode Dr. Dahle reviews the basics of how to set up your portfolio. This can feel like a big and overwhelming job at the front end, but if you follow some basic steps you will see there really isn't all that much to it. The great part of setting up your portfolio is that once you do it, you can stick with it forever with very few changes. We will also answer a handful of your questions about portfolio allocation, HSAs vs. FSAs, ESOPs and which retirement accounts to fund first. See full show notes here: https://www.whitecoatinvestor.com/setting-up-your-portfolio-101-274
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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 for 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 channel is for you!
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