White Coat Investor Podcast WCI #349: Is Over Contributing to Your 403(b) Ever a Good Idea?
Jan 11, 2024
Tyler Olson of Olson Consulting answers questions about paying taxes and medical loans, what to do with an old SEP IRA, over contributing to a 403(b), and the difference between average and actual cost basis. They also discuss managing expectations with tax professionals and the tax implications of forgiven debt. Additionally, they explore safe harbor contributions, maximizing contributions to a 403(b), strategies for managing IRAs and Roth IRAs, and the importance of details for public service loan forgiveness.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 4min
Managing Expectations and Proactive Tax Advice
03:55 • 19min
Importance of Treating Loan Arrangement Seriously and Tax Implications of Forgiven Debt
22:33 • 2min
Over-Contributing to a 403(b): Balancing Matching Contributions and Contribution Limits
24:32 • 22min
Understanding Safe Harbor Contributions and Considering a Cash Balance Plan
46:40 • 2min
Maximizing Contributions to a 403(b) Retirement Plan
48:37 • 13min
Strategies for Managing IRAs and Roth IRAs, Public Service Loan Forgiveness, and a Sponsor Mention
01:01:12 • 6min