The White Coat Investor

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Welcome New Readers!

Welcome to The White Coat Investor website! 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 here, and I understand it can be overwhelming to the first timer, so I suggest you start here with this page. Thanks for stopping by and good luck with your finances and your practice!

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Founder’s Message

WCI Classics

piggy bank classic

2022 Retirement Plan Contribution Limits

The contribution limits for 401(k)s, 403(b)s, 457(b)s, TSPs, IRAs, FSAs, and HSAs will change for 2022. Here's what you need to know.

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used cars

Drive a Beater….Get Rich

Many Americans aren't rich because of what car they drive. Don't be like them. You aren't what you drive!

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physician millionaire

Are Doctors Millionaires? The Truth About The Average Doctor Net Worth.

Too many docs never build significant wealth despite their high incomes. Make plans now to ensure you aren't in that category when you retire.

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Best Investment Portfolios – 150 Portfolios Better Than Yours

A good investment portfolio is broadly diversified, low-cost, passively managed, rebalanced, and consistent with its owner's risk tolerance.

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How to Do a Backdoor Roth IRA [Ultimate Guide & Tutorial]

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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backdoor roth ira

17 Ways to Screw Up a Backdoor Roth IRA

I thought the Backdoor Roth IRA was so simple nobody would screw it up. Boy was I wrong. Here's how to get it right and make contributions a simple task.

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Latest Posts

student loan anxiety

Don’t Let Medical Debt Lead to Anxiety, Depression, and Burnout

Have you ever experienced stress and anxiety because of student loans? If so, you’re not alone. Here are four strategies to help you get a handle on your student debt.

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financial waterfalls

Financial Waterfalls for New Residents and Attendings

Learn about what financial tasks to take on first by applying these "waterfalls" for both residents and attendings. Waterfalls are simply lists, or rules of thumb, for knowing what to do with your money, time, and life energy.

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Investing Q&A — The Dragon Portfolio, 457(b)s, 403(b)s, and Individual Stocks – Podcast #232

Answering listener questions about real estate investing, 457 plans vs. taxable accounts, the Mega Backdoor Roth IRA, and details on the WCI 401(k).

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quitting medicine

My Spouse Is Quitting Medicine

Leaving the world of medicine isn't an easy decision. Here's what my wife and I discussed, including the financial and moral implications.

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scholarship winners financial

2021 WCI Scholarship Winners — Financial

We're officially announcing the five Grand Prize winners in the Financial category for the WCI Scholarship. Read the essays of the winners here.

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scholarship winners

2021 WCI Scholarship Winners — Inspiring Stories

We're officially announcing the five Grand Prize winners in the Inspiring Stories category for the WCI Scholarship. Read the essays of the winners here.

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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