AI Snips
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Treated An Unappreciative, Intoxicated Patient
- Dr. Jim Dahle recounts treating an ungrateful, intoxicated patient after a violent incident to highlight job difficulties.
- He uses the story to remind listeners their work is hard and appreciated even if not always thanked.
Recharacterize Mistaken Roth Contributions
- If you accidentally contributed to a Roth when ineligible, recharacterize to a traditional IRA to fix the mistake.
- Expect to pay tax on any gains if you later convert that traditional IRA back to a Roth during conversion.
Inventory Legacy Holdings Before Selling
- For inherited low-basis 'legacy' assets, list every holding and cost basis to compute true tax cost before selling.
- Transfer in-kind to a preferred broker, make a written plan, and consider professional help to rebalance tax-efficiently.