Episode 4: Office Hours Q&A - Roth for Kids, Starter Home Turned Rental, and Portable Insurance

01/09/25 • 16 min

The Scholar Advising Podcast

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Episode 3: Does wealth improve your health and how can you make things easier for your heirs?

This episode explores the intersection of wealth and life expectancy, delving into how financial status influences access to healthcare, diet, and overall quality of life. The discussion also addresses the role of health tech devices, such as smartwatches, in monitoring and potentially improving health outcomes. Additionally, the conversation covers essential estate planning strategies to ensure a smoother transition for heirs, including the importance of communication, planning for funeral arrangements, and the use of trusts and wills.

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Episode 5: From Startup Exits to Luxury Properties: High-Income Tax Planning and Wealth Strategies for Founders and Medical Pros

Managing wealth after a big payout or a high-earning career isn’t always straightforward. In this episode, we chat through real scenarios from tech founders and medical professionals who are facing complex financial choices. From weighing mortgage payoff against retirement investing to setting up charitable funds, we explore how to prioritize goals while keeping an eye on long-term tax efficiency.

We also get into strategies for reducing taxable income—like maximizing retirement accounts, considering Roth conversions, and choosing the right business structure for private practices. And when it comes to luxury property, we talk through what makes sense financially versus emotionally.

Finally, this week’s “Myth or Money” segment: “I have an existing IRA so I can’t do a backdoor Roth.” Is that fact or fiction? We break it down in this episode.

Have a burning finance question we should discuss in the next episode? Email us at [email protected]

Disclaimer: The information provided in this podcast is for general informational and educational purposes only, and is not intended to constitute financial, investment, or other professional advice, the opinions. expressed are those of the hosts and guests and do not necessarily reflect the views of any affiliated organizations. Investing in financial markets involves risk, including the potential loss of principle, past performance is not indicative of future results. Before making any investment decisions, you should consult with a qualified financial advisor, who can assess your individual financial situation, objectives and risk tolerance.