Roth IRAs are NOT a Bad Investment - WCI Podcast

Today Dr. Dahle debunks an article recently published titled "Why a ROTH is a Bad Idea (Yes, You Can Lose Money)". You can find that article here: lifeandmyfinances.com/investi...
He spends time educating on why ROTH is a fantastic place to put your money and why this article should never have been published. We also answer a few questions about buying houses now that interest rates are going up. We talk about 401(k) loans, ROTH conversions, how much you need to donate to justify a DAF and more!
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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 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 is for you!
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00:00 WCI Podcast #346
03:06 Roth IRAs are NOT a Bad Investment
14:56 Buying A House With High Interest Rates
19:57 House Prices Are Crazy! Should I Buy Now Or Wait?
24:16 401(k) Loans
30:15 Roth Conversions During Fellowship
35:18 Foreign Earned Income & Retirement Contributions
41:16 When To Open A Donor Advised Fund

[@kvgolfa]

Lol at these doctors making 500k complaining houses cost 800k. I'm a dentist in the Bay Area. Cheapest house anywhere around me is 1.8 million. And our school costs 500k and if you want to make more than 150k a year you need to buy a practice for 1-1.5 million. You guys will be fine

[@arh1234]

I agree he'll likely be fine. It's good that he's thinking about it critically.

[@YeOldePirateMaster]

Just because dentists often have an atrocious deal does not mean a doctor will by definition be fine, especially if they want to “live like a doctor”

[@davidpowell3347]

I guess in such a scenario as someone making a lot of income such as to be in a high tax bracket ,and then developing MS and becoming unable to work at age 40,it could be shown as an example where the non- Roth options would have worked out for the better ?

[@arh1234]

Well, sure. For high income professionals, traditional 401ks are usually the right choice. They cannot do a deductable tradition IRA, so Roth IRA is the choice for tax-protected space.

[@davidpowell3347]

IRMAA!! Taxation of Social Security Retirement Benefits Effects against the specific taxation of "qualified dividend" and "long term capital gains" income --- do these play into the arguments for/against the Roth IRA as against that other kind?
I don't know enough to have an informed opinion as to whether it is more or less desirable to do Roth IRA contributions from the get go as opposed to doing Roth conversion but maybe that would be a good question to consider?
I was not a "high earner" but during my time at work as a municipal employee the Roth IRA only came available well into my working years,I wish it had been available early,I don't even think the original IRA or 457 plan was available to ordinary employees as of when I began full time work (1974)
I saw the Roth IRA as far superior and used it as much as was available to me and so far I have been proven right as for my own situation-in a higher tax bracket as a retiree than I was in for the majority of my working years