WCI Podcast #292 - Workplace Retirement Accounts

Today we are tackling all of your retirement account questions. This is a favorite subject here at WCI and we get a lot of questions about these accounts. We talk about 403(b)s, 457(b)s, mega backdoor roths, defined benefit plans and so much more.

This episode is sponsored by First Republic Bank. When you own a professional service business, client satisfaction is your number one priority. So when it’s your turn to be the client, shouldn’t you get the same kind of treatment? At First Republic, you’ll be paired with a dedicated business banker who understands the unique needs of your company and industry. This is the banking partnership you and your team deserve. Visit https://FirstRepublic.com Member FDIC, Equal Housing Lender.

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 for 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 channel is for you!

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00:00 Workplace Retirement Accounts
01:52 Mega Backdoor Roth IRA
12:04 403(b) vs. 457(b) vs. IRA
16:55 Defined Benefit Plans
19:39 Choosing Retirement Accounts
27:21 Fixing Mistakes In A Bear Market
33:14 Simple IRA w/ High Fees
38:28 Christine Benz Interview
58:43 Roth IRAs For Children
01:01:57 Wrap-Up