White Coat Investor Podcast

WCI #335: Solo 401(k) Questions

Oct 5, 2023

53:32

Snipd AI

Topics discussed include: changing from W2 to K1, creating an S-Corp, converting old IRAs to solo 401(k)s, financial advisor recommendations, setting up an S-Corp and determining a fair salary, consolidating multiple solo 401(k) plans, investment advisor disclosures and fee structures, hourly and retainer models for financial planning, asset allocation and value vs. growth stocks, portfolio construction and financial planning, and the need for a backup plan in managing finances.

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Quick takeaways

Having a fee-only financial advisor can serve as an 'insurance policy' for the surviving spouse who may not be interested or competent in managing the investment portfolio.

Investing in mid-cap value funds can be a suitable alternative to small-cap value funds when struggling with asset allocation in retirement plans.

Deep dives

Investment options in 403(b) and 457 plans

The listener is struggling with asset allocation in their 403(b) and 457 plans, specifically regarding the lack of small-cap value funds. They are interested in the differences between small-cap value index funds versus small-cap index funds, as well as mid-cap value and large-cap value funds. They are seeking guidance on whether investing in mid-cap value funds is a suitable alternative to small-cap value funds.

Introduction

4min

Setting Up an S-Corp and Solo 401k

19min

Retirement Planning and Consolidating Solo 401(k) Plans

6min

Research Interest in Investment Advisor Disclosures and Fee Structures

2min

Hourly and Retainer Models for Personalized Financial Planning

3min

Asset Allocation and Value vs. Growth Stocks

8min

The Importance of Portfolio Construction and Financial Planning

8min

Backup Plan for Managing Finances

3min

Today we are answering your solo 401(k) questions. We tackle topics like what to do when you change from W2 to K1, when to create an S-Corp, how to convert old IRAs to solo 401(k)s and so much more. We also have one of our new recommended financial advisors on the podcast for a few minutes to help answer some of your questions about financial advisors.

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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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