If you're not earning much as a self-employed person, it might not be worth the hassle to open an individual 401k for you. However, that can be a great way if you're trying to get around the pro-rata rule with your backdoor Roth IRA. So rather than boycotting owning it, boycott buying from it, and that'll make a much larger difference.
Dr. Dahle answers questions from medical students on the show today. He will cover how to get on the same page financially with your partner. He discusses how to prioritize paying off debt, investing, and buying a home. The question about socially responsible investing and whether we should be doing it is addressed as well as the backdoor Roth IRA that every doctor should know about.
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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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