White Coat Investor Podcast

Alexis Gallati, a tax expert and founder of Cerebral Tax Advisors, joins Dr. Dahle to explore fascinating tax strategies tailored for medical professionals. They discuss the benefits of hiring spouses and children for tax deductions and retirement planning. The conversation dives into the tax implications of hiring nannies, shedding light on allowable deductions and compliance. They also tackle cash management tips during low-income years, emphasizing effective contributions and investment fund strategies for optimal tax benefits.

A urologist shares how he became a millionaire just four years after training, thanks to supportive parents and a newfound understanding of finance. He emphasizes having a plan for your paycheck and reflects on the importance of gratitude in his journey. The discussion also highlights the role of financial literacy in changing family wealth, urging parents to teach their children about budgeting and investing. Additionally, the benefits of locum tenens work and specialized staffing agencies in achieving financial success are examined.

In this engaging discussion, Dr. Gretchen Green, an expert in helping healthcare professionals expand their income through expert witness work, shares her insights. She highlights the financial benefits of side gigs and reinforces how existing skills can be leveraged. The conversation also dives into Mega Backdoor Roth strategies, navigating student loans, and the evolving landscape of Public Service Loan Forgiveness. Listeners gain practical advice for maximizing their financial potential while balancing clinical practices.

An ER doctor shares his experience of going from broke to thriving in just a year. He strategically locked in a low interest rate on his student loans, choosing to invest instead. With a focus on building wealth, he plans to eradicate his debt in just four more years. The discussion also covers the ins and outs of financial rollovers, highlighting essential strategies for setting up emergency funds and managing retirement plans. Plus, insights on contract negotiations for physicians provide valuable support for navigating early career challenges.

In this engaging discussion, hospice physician Jordan Grumet, a keynote speaker and advocate for meaningful living, shares insights on finding balance in life. He emphasizes understanding our risk tolerance not just in finance but also in personal fulfillment. The conversation navigates the tension between saving for the future and enjoying the present, and how true wealth is defined by relationships and experiences rather than financial success. Grumet inspires listeners to confront their fears, prioritize happiness, and explore their personal purposes.

A dynamic couple celebrates eight years of marriage while sharing their financial success story. They emphasize the importance of financial education and disciplined saving, managing to pay cash for their home by their mid-30s. The discussion explores the balance between careers, parenting, and wealth-building. Listeners receive valuable advice on personalized investment strategies for the new year, including tax-advantaged accounts. The couple’s journey showcases how teamwork in both love and finances can lead to extraordinary achievements.

Explore the nuances of estate planning, including the ins and outs of Grantor Retained Annuity Trusts. Discover contribution limits for multiple 401(k)s and how to handle a property gift with potential tax implications. Learn practical steps for building a robust emergency fund, tailored for new attending physicians. Dive into the complexities of anesthesia reimbursement and the real factors affecting healthcare costs. Finally, grasp the importance of proactive tax strategies for financial success.

An inspiring intern shares how he built an emergency fund just four months into residency, emphasizing the power of small financial milestones. The discussion covers the journey to financial literacy post-medical school, highlighting the importance of setting goals and managing student loans. Listeners learn about budgeting essentials and the significance of short-term and long-term financial planning. Tips for saving and key year-end financial tasks are also explored, guiding future physicians on wealth accumulation and smart investment management.

Explore the fascinating world of education savings with insights on 529 plans, UTMAs, and HSAs. Discover the tax benefits of overfunding educational accounts and the nuances of tax gain harvesting. The discussion also dives into changing your defined benefit plan administrator if dissatisfaction arises. Plus, reflect on the balance between financial strategies and life enjoyment, as well as the importance of active financial management to avoid stagnation. Tune in for valuable advice on maximizing your financial literacy!

A radiologist shares her journey to achieving public service loan forgiveness while reflecting on her academic career and strategies for debt management. She saved diligently for potential bumps in her financial path, now considering transforming her PSLF fund into a future home down payment. Additionally, the discussion shifts to the realm of charitable giving, emphasizing intentional strategies that maximize tax benefits and the advantages of donor-advised funds. This episode is packed with insights on financial empowerment and philanthropic impact.