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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 Have Yet Another Disappointingly Small Increase

According to a new survey, the average doctor's salary rose slightly in 2024. 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

dividend irrelevance theory

The Dividend Irrelevance Theory

Too many novice investors are not familiar with the dividend irrelevance theory. But it's important to know about, so let's talk about it.

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reflecting on values after child graduation

Parenting, Priorities, and a Life Well Spent as My Child Graduated High School

My first child just graduated from high school. Here's what this transition has taught me about myself, my priorities, and the last 18 years.

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Investing Questions

Answering reader questions about the financial details of a stock quote, investing in bonds for the first time, investing in private equity, and changes at Vanguard regarding SpecID.

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hiring a nanny taxes

Hiring a Nanny? Here’s What You Need to Know About the ‘Nanny Tax’

Let's break down the nanny tax, your responsibilities, and how to comply with IRS rules for paying a household employee.

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A DIY Investor’s Guide to Retirement Calculators in 2025

Let's focus on more retirement calculators to help with your planning needs. Plus, we come up with a ranking system to determine the best.

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401(k) alternative investments

Trump Will Allow You to Make Dangerous Moves in Your 401(k), Including Adding Crypto

President Trump has signed an executive order making it easier for 401(k)s to include alternative investments and crypto. Is it a good idea?

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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