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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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WCI Classics

How Much Money Do Doctors Make a Year? Doctor Salary by Specialty

According to a new survey, the average doctor salary increased in 2021. Here are the figures for how much physicians 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 broadly diversified, low-cost, passively managed, rebalanced, and consistent with its owner's risk tolerance.

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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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ultimate student loan debt guide

Student Loans 101: Ultimate Guide to Student Loans

Here's the information a physician needs to manage student loan debt.

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piggy bank classic

The 2023 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 2023. Here's what you need to know.

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When Is It OK to Start ‘Enjoying’ Your Money?

You might not want to live like a resident once you're an attending, but here's why delaying your gratification can be so powerful for a doc.

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Latest Posts

I Asked the AI Bot That’s Taking the Internet by Storm for Financial Advice — Here’s How It Went

People online are exploring ChatGPT's capabilities. But can its artificial intelligence extend to giving good financial advice?

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avoiding 10% withdrawal penalty

Beating the 10% Early Withdrawal Penalty

In most cases, the age 59 1/2 rule means you can't touch your retirement account savings without paying a penalty. But there are exceptions.

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dream life

What’s Keeping You from Your Dream Life?

It took years to become a doctor, and you ask yourself, "Now what?" Here is a three-step plan to help you work toward your dream life.

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Grab Your Slice with Monica Scudieri

An interview with Monica Scudieri, a personal finance coach and author, where we talk about getting out of mountains of debt, living life as a single parent, and learning how to thrive.

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savings account yields

Does Your Savings Account Yield Round to Zero?

If you're not paying attention to the yields and interest that you can earn in your savings accounts, now is the time to start.

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expert witness

How to Actually Get Paid as an Expert Witness (or Any Other Side Gig)

Many docs get paid every few weeks—often without talking with patients about cost. For a side gig, you'll have to be more direct about money.

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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