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Financial Mistakes High-Income Professionals Should Avoid with Amanda Harrell

The White Coat Investor – Investing & Personal Finance for Doctors·Megan Scott·about 1 month ago
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Today, our friend Amanda Harrell from FPL is joining us. We are talking through some of her biggest financial pet peeves, the easy-to-miss financial mistakes that can quietly chip away at your long-term wealth. We hit topics like how to handle a 401(k) rollover without blowing up your Backdoor Roth IRA, whether direct indexing is really worth it, and what to think about when setting up a 401(k) as a practice owner. We also take a look at “one-stop shop” financial firms, the rise of the family office model, and how to approach investing when the market feels expensive. It’s a practical, back-to-basics conversation focused on keeping things simple and getting the big decisions right. Wait to Roll Over Your 401(k) to Utilize the Backdoor Roth? Amanda shared that a common mistake investors make is clinging too tightly to the idea that they must preserve their ability to do a Backdoor Roth IRA , even when it means passing up better opportunities elsewhere.…

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