WCI #318: 1099 Income and Locums Docs

The podcast addresses financial questions from locum physicians and other high-income professionals. It covers disability insurance, emphasizing the importance of obtaining it early and utilizing independent agents or guaranteed standard issue plans. Listeners also inquire about iBonds versus CDs, with guidance to consider them as safe assets within a broader portfolio strategy, balancing inflation-indexed and nominal bonds. The podcast further clarifies rules around Solo 401(k)s and SEP IRAs, especially regarding the backdoor Roth IRA strategy, and advises on managing 1099 income, including quarterly estimated tax payments and S-Corp considerations for tax savings. Additional topics include balancing home maintenance tasks with professional commitments and outsourcing strategies.