Categories
Financial Planning For Doctors

How The Step Up In Basis Works – The White Coat Investor – Basics [Video]

Watch/Read More

How The Step Up In Basis Works – The White Coat Investor – Basics

The step-up in basis at death is a critical financial concept for you to understand. It affects investing, estate planning, asset protection, and especially tax decisions you make throughout your life. If you aren’t aware of it, you may overpay your taxes by tens or even hundreds of thousands.

The basic law works like this:

Tax basis is what the IRS considers you to have paid for an asset. When you sell an asset that has appreciated, you owe capital gains taxes on the difference between the basis and the value on the date you sell it.
When someone dies and leaves an asset to an heir, the tax basis resets to the value on the day of death. That could be bad if the asset has fallen in value between the date it was purchased and the date of death (because a taxable loss was not booked) but generally, it is a good thing, reducing capital gains taxes for the heirs.

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 for 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 channel is for you!

Main Website: https://www.whitecoatinvestor.com
YouTube: https://www.whitecoatinvestor.com/youtube
Student Loan Advice: https://studentloanadvice.com
Facebook: https://www.facebook.com/thewhitecoatinvestor
Twitter: https://twitter.com/WCInvestor
Instagram: https://www.instagram.com/thewhitecoatinvestor
Subreddit: https://www.reddit.com/r/whitecoatinvestor
Online Courses: https://whitecoatinvestor.teachable.com
Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter

00:00 Step Up In Basis
00:13 How It Works

Categories
Financial Planning For Doctors

How Much To Tilt Your Portfolio - The White Coat Investor - Basics [Video]

Once you've decided you WANT to tilt your portfolio to some riskier asset class, you're left with the decision of how much to tilt it. The more you tilt, the more theoretical return you will get, but you have to weigh that against the loss of diversification and the additional risk. The reason small stocks have a higher expected return is that the risk is higher that they may not get that expected return, even in the long run. It's a bit of a Catch-22.I suggest moderation in all things. Although some authorities have advocated putting all of your stock allocation into risky asset classes such as small value stocks, I recommend you keep your tilts small enough that you still have a significant chunk of your portfolio invested in all the stocks in the world and all the investment-grade bonds in your currency.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 for 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 channel is for you!Main Website: https://www.whitecoatinvestor.comYouTube: https://www.whitecoatinvestor.com/youtubeStudent Loan Advice: https://studentloanadvice.comFacebook: https://www.facebook.com/thewhitecoatinvestorTwitter: https://twitter.com/WCInvestorInstagram: https://www.instagram.com/thewhitecoatinvestorSubreddit: https://www.reddit.com/r/whitecoatinvestorOnline Courses: https://whitecoatinvestor.teachable.comNewsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter00:00 How Much To Tilt Your Portfolio00:07 Risk vs. Reward00:22 Stay Diversified

Categories
Financial Planning For Doctors

DR .SONNY M. PIMENTEL ,D .Hum - Doctor of Humanities Honoris Causa and Star Achiever Awardee [Video]

Most empowered Leader in Legal, Organization Management, and Humanitarian Service awarded by Philippine Social Media Awards & Netizens Best Choice Awards. Okada, Grand Ballroom Manila December 15, 2021.