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The White Coat Investor

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Welcome New Readers!

Welcome to The White Coat Investor! We have a lot of fun here while we help each other to avoid doing dumb things with our money. All the information on the site is 100% free to you. There is a ton of information and we understand it can be overwhelming to the first timer, so we suggest you start here with this page. Thanks for stopping by and good luck with your finances and your practice!

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WCI Classics

How Much Money Do Doctors Make a Year? Salaries Rise (Slightly) But Not Enough to Satisfy Them

According to a new survey, the average doctor's salary rose slightly in 2023. Here's what doctors make in a year.

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150 best investment portfolios

Best Investment Portfolios — 150+ Portfolios Better Than Yours

A good investment portfolio is diversified, low-cost, passively managed, and consistent with your risk tolerance. Which one is best for you?

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Financial Waterfalls for New Residents and Attendings

Learn what tasks to do first using these waterfalls for residents and attendings, so you can manage your money.

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The 2025 Retirement Plan Contribution Limits

The contribution limits for 401(k)s, 403(b)s, IRAs, and HSAs will change for 2025. Here's what you need to know.

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disability insurance

Physician Disability Insurance

Disability insurance is crucial insurance for the vast majority of physicians to secure. Buy it right the first time, and you may never have to do it again.

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Hippies

How to Do a Backdoor Roth IRA

This Backdoor Roth IRA tutorial takes you step-by-step through the contribution process including Form 8606, tax implications, common mistakes, and lots more.

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Latest Posts

treasury inflation protection bonds tips

Treasury Inflation Protected Securities (TIPS) — What You Need to Know

Here's how TIPS works and whether it's a better deal than nominal bonds or other inflation-protected bonds like I Bonds.

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setting up your kids financially

5 Ways to Set Up Your Kids Financially Without Ruining Them

One of a parent's biggest dilemmas is, "How can we best set up our kids financially without ruining them?" Here are five suggestions.

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Credit Card Hacking for Travel

An interview with Dr. Lisha Taylor and Dr. Devon Gimble that's all about credit card hacking for travel. They talk about why they think high-income professionals are the perfect people to make use of credit card points, and they share their insights on the mechanics of travel hacking.

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burnout emergency medicine

What Emergency Docs Can Do to Beat Burnout

More than 20 years after I started working, burnout in emergency medicine still has not gone away. Here's what you can do to avoid it.

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installing solar panels

Solar Panels: A Bad Financial Decision for Me

We recently spent $95,000 on new solar panels for our house. We were supposed to see huge rewards for doing so. But how does it pencil out?

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running out of money

What It Looks Like to Run Out of Money

Let's take a look at four retirees who have very little money coming in every month. How do they live their lives? How do they survive?

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The White Coat Investor

A Doctor's Guide to Personal Finance and Investing

Financial Boot Camp

Financial Boot Camp

Guide For Students

Guide for Students