You just made partner but your practice decides to sell to private equity. What should you do? Also talking 100% stock portfolios, dividend investing, ABLE Accounts, and lots more. Show notes:

It is becoming more and more common for physician groups to be approached by a private equity firm that wants to buy the practice and make them “more efficient.” Of course the older partners think that this is a good time to sell. The younger doctors thought they just joined a partnership and were looking forward to owning their business and having control. What do you do if you are the younger doctor? We discuss some ideas in this episode that will hopefully help, if you find yourself in this situation.

We also answer a lot of other listener question about challenges facing families with children with special needs, small business retirement accounts, understanding a wash sale, reporting the backdoor Roth IRA with a loss, understanding dividend stock investing, the S&P 500 vs total stock market index fund, and what recommendations I have for medical students to do early in their career to prepare themselves for entering the workforce.

This podcast is sponsored by Bob Bhayani at drdisabilityquotes.com. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time White Coat Investor sponsor. He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage to make sure it meets your needs or if you just haven’t gotten around to getting this critical insurance in place, contact Bob at drdisabilityquotes.com today by email info@drdisabilityquotes.com or by calling (973) 771-9100.

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 Introduction
04:40 WCI Conference 2021
09:19 Special Needs Children
12:17 Simple IRA Contributions
12:54 Traditional vs. Roth IRA
13:49 Simple IRA Rollovers
14:09 Solo 401(k)s
15:22 Pre-Tax Retirement Contributions
15:56 Wash Sale Rules
19:43 My Dog Loves The Podcast
20:45 Backdoor Roth IRA Loss
23:48 100% Stock Portfolio
31:20 Estimated Taxes vs W-2 Withholding
33:40 Interview w/ Sarah Catherine Gutierrez
42:31 Defined Benefit Plans
46:17 Selling Your Practice to Private Equity
50:42 Dividend in Roth vs Traditional
58:58 VTI vs VOO
1:03:03 Med Students Entering Workforce…(read more)

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