By Dr. James M. Dahle, WCI Founder Solo 401(k)s might be the best retirement account out there, combining all of the best attributes of other tax-protected retirement accounts: Low cost Flexible High contribution limits Broad investment options Roth contribution options Catch-up…
By Dr. James M. Dahle, WCI Founder Long-term readers of this blog know that it has grown into a successful business. About 20 people are writing articles for The White Coat Investor and there are 15 people, many full-time, behind the…
By Dr. James M. Dahle, WCI Founder A few weeks ago, we asked you to nominate your favorite doctor who is educating colleagues and trainees on financial matters for The White Coat Investor Financial Educator of the Year Award. While the…
[Editor's Note: Since early 2021, StudentLoanAdvice.com has helped hundreds of physicians save millions of dollars in student loans. For the rest of May, we’ll give you one more reason to book a consultation with the SLA team. That’s because if you…
[Editor's Note: As a doctor, you might have little time in your life to think about the best way to pay for your purchases. Credit cards make it easy—and these days, it’s so very simple to earn cash back or travel…
By Dr. James M. Dahle, WCI Founder “Hate” might be too strong a word, even if it did get you to click on this article. I don't hate total bond market index funds and ETFs (TBM). It can even be a…
[Editor's Note: For those who want to spread their knowledge while inspiring the WCI community, we are officially calling for WCICON24 speakers. We’re headed to Orlando on February 5-8, 2024, and we want readers like you to teach attendees about investing,…
[Editor's Note: As we get closer to the end of the student loan holiday, you might soon need advice on how to get the lowest possible payments or whether loan forgiveness is possible. StudentLoanAdvice.com is the best in the business for…
By Dr. James M. Dahle, WCI Founder It's no secret that I'm not a big fan of whole life insurance. I owned a policy for seven years before canceling it (for a minus-33% cumulative return). Very few physicians and other high-income…
By Dr. James M. Dahle, WCI Founder Today's post is all about tax policy and potential reform. It has two purposes. The first is to teach you what the current tax policies are and how you can use them to your…
By Dr. James M. Dahle, WCI Founder I've noticed a hesitancy to use retirement accounts among people aiming to reach financial independence and to retire early (FIRE) at a young age (like 30s-50s). There seems to be this idea floating around…
By Dr. James M. Dahle, WCI Founder Katie and I have found ourselves in an interesting position in the last few years. We love our work (both with The White Coat Investor and clinically) and continue to do both part-time. But…
[It's FIRE week here at WCI, where we celebrate all things Financial Independence, Retire Early! Every post this week is going to be about topics relevant to the FIRE community. Enjoy!] By Dr. James M. Dahle, WCI Founder How much money…
[Editor's Note: Deadline alert! Tuesday, May 2, is the final day for submitting nominees for WCI’s annual Financial Educator of the Year award. We need your help in finding those who have educated students, residents, and peers about finances—for your effort,…
By Dr. James M. Dahle, WCI Founder It's no secret that we're no fans of personal loans. In fact, we're no fans of credit card loans, car loans, student loans, or mortgage loans either. We would love for no white coat…
By Dr. James M. Dahle, WCI Founder We had an eventful spring break here in Utah. In many ways, it didn't turn out like we'd planned. However, there were lots of lessons learned that anyone can apply in their lives. Forgive…
By Dr. James M. Dahle, WCI Founder I've been investing in private real estate since 2012 and have been more heavily involved with it since 2014-2015. These private syndications and funds generally require you to be an accredited investor, and they…
[Editor's Note: Deadline alert! Today is the last day to save $100 on The White Coat Investor’s newest course, Continuing Financial Education 2023. This course, made up of all 57 hours of content that were presented at WCICON23 (you can earn…
By Dr. James M. Dahle, WCI Founder Reddit offers a fantastic platform to discuss anything you like. It calls itself “The Front Page of the Internet,” and it has a fairly tight moderation policy and anti-commercial culture. Users (Redditors) love the…
By Dr. James M. Dahle, WCI Founder Long-time readers know we've done The White Coat Investor Scholarship for years, giving out hundreds of thousands of dollars in cash and prizes. In 2019, we started another award, one for attending-level physicians and…
[Editor's Note: Couldn’t make it to WCICON23 this year? You’re in luck! The newest White Coat Investor course, Continuing Financial Education 2023, is now available, and it’s got everything you missed in Phoenix. From keynote speakers Christine Benz and Stacy Taniguchi…
By Dr. James M. Dahle, WCI Founder In 2016, we finally shed a bad investment that had plagued us for years. That was the year we finally sold our investment property. We lost a ton on this property, although the exact…
By Dr. James M. Dahle, WCI Founder In some ways, the decumulation phase can be a lot more complicated than the accumulation phase as you head into retirement. Lots of retirees get confused when they start thinking about how to spend…
By Dr. James M. Dahle, WCI Founder Everybody needs an initial financial education, which begins as you start to learn about finance and ends at the point when you have a written financial plan. You can get that education in many…
By Dr. James M. Dahle, WCI Founder We have decided that we're not going to leave anything to our kids after all. “Why?” you may ask. We are worried that we are ruining their lives. It all started last year on…
[Editor's Note: If you’re feeling burned out, you certainly aren’t alone. In fact, more than 50% of doctors working today have felt some sense of burnout, a number that has continued to grow during the pandemic. That’s why WCI has partnered…
By Dr. James M. Dahle, WCI Founder As interest rates rise and markets fall, investors are expressing more interest in safe investments, especially investments that do not decrease in value with rising interest rates—like bonds. It is no surprise to see…
By Dr. James M. Dahle, WCI Founder The House of Medicine is a surprisingly stable place. Over the years, the highest-paying specialties—like neurosurgery, plastics, and orthopedics—have been among the most difficult to match into, and the lowest-paying specialties—like PM&R, preventive medicine,…
[Editor's Note: Deadline alert! Today is the last day to sign up for the Making Marriage Work program that could be your key to developing everlasting happiness with your significant other. White coat investor Dr. Kate Mangona is teaching the eight-week course…
[Editor's Note: We’ve long said that the best possible asset protection for your family is a regular date night with your spouse. But sometimes busy couples need a little more guidance. That’s why 2023 WCICON speaker Dr. Kate Mangona wants to…
By Dr. James M. Dahle, WCI Founder More income is almost always a good thing, but not all income is created equal. Inadequate financial literacy often leads to paying too much tax on the income you do have. In this post,…
[Editor's Note: The vast majority of the world’s millionaires have created wealth by investing in real estate. The White Coat Investor wants to show you how that’s possible for you. That’s why we created the free Real Estate Masterclass, where you’ll…
By Dr. James M. Dahle, WCI Founder Given how much of my portfolio (85%) is invested in publicly traded traditional mutual funds and exchange traded funds (ETFs), we spend way too little time around here talking about them. While I've written…
[Editor's Note: Looking to change your life by creating multiple income streams? Looking for inspiration from other docs who have become successful entrepreneurs? Then, mark your calendar for the online Leverage & Growth Summit for Physicians conference that runs March 15-19.…
[Editor's Note: It’s finally here! After months and months of planning, the Physician Wellness and Financial Literacy Hybrid Conference (WCICON23) starts today. But don’t worry: there’s still time to register for the virtual version. You’ll still have access to fantastic keynote…
By Dr. James M. Dahle, WCI Founder I received this in my email inbox a few years ago from a fan of actively managed investments and stock-picking. “While I think you are right that most people should be in index funds,…
By Dr. James M. Dahle, WCI Founder Dear Insurance Agent, Both in the real and the online world, I have had the opportunity to interact with dozens of you. The vast majority of those encounters have been disappointing for one reason…
By Dr. James M. Dahle, WCI Founder Anyone who has been around the physician financial blogosphere has probably heard someone cite the “one house, one spouse” rule of thumb. In 2015, I expanded the rule with a blog post called One…
[Editor's Note: Today is the day that could change the lives of every medical and dental student reading this. Beginning at 6pm MT, WCI founder Dr. Jim Dahle and StudentLoanAdvice.com co-founder Andrew Paulson will lead WCI’s Planning for Success webinar that…
By Dr. James M. Dahle, WCI Founder I've written elsewhere about all of the possible ways to deal with wealth inequality and its problems. I put a wealth tax pretty far down that list. Nevertheless, it is becoming a more and…
[Editor's Note: If you’re a medical or dental student who needs a jumpstart on your financial education, mark your calendar for the Planning for Success webinar on February 15. WCI Founder Dr. Jim Dahle and StudentLoanAdvice.com co-founder Andrew Paulson will lead…
By Dr. James M. Dahle, WCI Founder It's been a while since I wrote about cryptocurrency and cryptoassets. The last time I did, they were flying high. In 2022, it subsequently crashed. Industry leader Bitcoin dropped 70% with other crypto projects…
By Dr. James M. Dahle, WCI Founder We have been getting a lot of questions about the debt limit crisis in Washington and how it affects investments such as Treasury bonds, the TSP G Fund, and savings bonds like I bonds.…
[Editor's Note: Deadline alert! Today is the last day to enroll in Expert Witness Startup School, where you’ll learn how to launch and build a new source of income that could pay you $500-$900 an hour. As one recent student wrote,…
[Editor's Note: In 2022-23, our goal is to give a free copy of The White Coat Investor's Guide for Students to every first-year medical and dental student in the US. But we can’t do it alone. If you’re a first-year MD,…
[Editor's Note: Deadline alert! Today is the last day of our three-day flash sale that will save you $200 off an in-person registration for the Physician Wellness and Financial Literacy Conference (WCICON23)—and it’s also the final day you can get our…
By Dr. James M. Dahle, WCI Founder The less you spend on medical school, the less likely you are to graduate with a massive debt that will affect your happiness, lifestyle, specialty choice, and job choice. Like college tuition, the average…
[Editor's Note: We’re exactly 39 days away from the best conference of the year! And to celebrate the Physician Wellness and Financial Literacy Conference (WCICON23) lurking just around the corner March 1-4, we’re having a flash sale beginning tomorrow (January 22)…
By Dr. James M. Dahle, WCI Founder Since WCI began in 2011, we have published a State of the Blog each January reporting on our progress toward our goals. As the enterprise has expanded over the years, these posts have become…
[Editor's Note: If you’re wondering about physician burnout and how you can prevent it, Thursday night is a prime opportunity to learn more from the experts. At 9pm ET on January 12, join Dr. Dike Drummond and Dr. Jim Dahle for…