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Behind the Drapes: Anesthesiology and Critical Care Medicine

S2E5: Saving for Retirement Part 2 (feat. Tracy Cahill)

19 May 2023

Description

In this second part of Saving for Retirement, I talk with financial advisor, Tracy Cahill, about what retirement investment options there are for when you become an attending and see a sharp increase in your income. Your ability to invest in a Roth IRA is limited by your total household income, so when you exceed that limit it helps to know what other options are available to you. Listen along as we talk about backdoor Roths, College Funds, and when you can (should) finally touch those retirement savings. 03:00 Backdoor Roth IRA 06:30 Retirement Plans from Various Employeers 08:30 Saving for College Plans (529 Plans) 12:00 Personal Investing Advice 18:00 Pitfalls with Personap Investing 20:00 When to Reach Out for Professional Advice 22:00 When Can I Touch My Retirement Accounts? 24:30 Top 5 Takeaways for Retirement Savings

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