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White Coat Investor Podcast
WCI #358: What to Do When You Don't Match, and Annual Survey Results
Mar 14, 2024
Discover what to do if you don't match, annual survey results, risks of investing with family, tax consequences of annuities, and financial planning for high-income years in medicine.
55:28
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Quick takeaways
- Consider all available options if you don't match for residency, seek guidance for financial decisions.
- Avoid mixing family and finance to prevent potential conflicts, prioritize debt repayment and savings goals.
Deep dives
Avoid Investing with Family or Friends
It is generally not advisable to invest with family or friends due to potential conflicts, awkward situations, and pressures. Mixing family and finance can lead to unforeseen problems. Borrowing against an annuity can result in the unpaid interest being considered as taxable income.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode