Buy, borrow, die tradeoffs

Today we're joined by Sean Mullaney, an author and CPA who presented at this year's Bogleheads conference. We dive into smart ways to manage your taxes in retirement and explore the strategies that can make a meaningful difference over the long run. Sean walks us through when Roth conversions shine, when they don't, and how tax, retirement, and estate planning all fit together. If you want to feel more prepared for the financial side of retirement, this is an episode you won't want to miss.

The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Dr. Dahle and The White Coat Investor podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services.

Median American wealth statistic source: https://www.ubs.com/us/en/wealth-management/insights/global-wealth-report.html

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The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. 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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00:00 WCI Podcast #446 04:25 Sean Mullaney, CPA Interview 06:00 5 Phases of Retirement 09:40 Early Retirement 16:00 The Golden Years of Retirement 23:38 IRMA 26:51 Taking Social Security 31:33 Qualified Charitable Distributions 37:22 Required Minimum Distributions 42:27 Widow Tax Trap 47:14 RMDs Are Not Bad 50:05 Roth vs. Traditional 55:03 Buy, Borrow, & Die 01:00:06 Tax Planning To and Through Early Retirement