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Treated An Unappreciative, Intoxicated Patient
- Dr. Jim Dahle recounts treating an ungrateful, intoxicated patient after a violent incident to highlight job difficulties.
- He uses the story to remind listeners their work is hard and appreciated even if not always thanked.
Max Out Retirement Accounts First
- Use tax-protected retirement accounts to shield investment growth and transactions from current taxation.
- Max out these accounts when possible to gain tax deferral or tax-free growth and asset protection.
Prefer Tax-Efficient, Low-Turnover Holdings
- Favor buy-and-hold, low-turnover investments that produce little taxable income to improve tax efficiency.
- Hold for long-term to qualify for lower long-term capital gains and qualified dividend rates where possible.