Episode Details

In Episode 36 of Doctor’s Wealth and Wellness, host Norm Wright explores the often-confusing decision between Roth and Traditional retirement accounts—particularly for high-earning physicians. He explains the key differences: Traditional contributions offer tax savings now but are taxed later, while Roth contributions are taxed now but offer tax-free withdrawals in retirement. Norm emphasizes the benefits of Roth 401(k) or 403(b) options—especially since workplace plans have no income limits and can provide crucial tax diversification. He offers a simple decision framework based on career stage and suggests a blended approach for flexibility. This concise episode encourages listeners to review their workplace plans and consult with a financial planner to align their retirement strategy with long-term goals.