Today we answer a few questions about estate planning and then explain what a Grantor Retained Annuity Trust is. We talk about contribution limits when you have multiple 401(k)s. We give some advice to a listener who is being gifted a property that is not going to get a step up in basis and what he should do to prepare for the potential tax bomb. We end with helping a new attending know how long it should take to save up a 4 - 6 month emergency fund.

As the new year begins, it’s crucial to take a proactive approach to tax planning and leverage every money-saving opportunity. Over the past decade, clients of Cerebral Tax Advisors have seen an average return of 453.53% on their investment in Cerebral’s tax planning services. As a White Coat Investor-recommended firm trusted by physicians nationwide, Cerebral uses court-tested, IRS-approved strategies to reduce personal and business taxes. Cerebral founder, Alexis Gallati, comes from a family of physicians and brings over 20 years of expertise in tax strategy and multi-state tax preparation. Schedule your free Discovery Session today at https://cerebraltaxadvisors.com

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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WCI #400: Contribution Limits, Estate Planning, and Emergency Funds

White Coat Investor Podcast

WCI #400: Contribution Limits, Estate Planning, and Emergency Funds