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? The Average Salary Is Dropping

According to a new survey, the average doctor's salary decreased in 2022. 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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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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Financial Waterfalls for New Residents and Attendings

Learn what financial tasks to take on first by applying these "waterfalls" for both residents and attendings. It'll help you know what to do with your money, time, and life energy.

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how much to retire

How Much Money Does a Doctor Need to Retire?

How much money will you need to retire? Let's run through all the information you'll need to calculate your target number.

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Latest Posts

taking PTO

Should I Feel Bad About Taking Time Off? Auntie Marge Explains It All

There are reasons a physician should feel guilty: taking shortcuts, for example. But taking paid time off should not be one of them.

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tom deisboeck editorial cartoonist doctor

Meet the Doctor Who’s Using His Art for Disruption and Innovation

Thomas Deisboeck is an MD who is also an editorial cartoonist. We talk about why he chose this path and how his art can be used for good.

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daf vs pcf charity

Donor Advised Fund (DAF) vs. Private Charitable Foundation

If you want to spread out your giving over a number of years, two good tools are Donor Advised Funds and Private Charitable Foundations.

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thrive in a recession

How to Thrive in a Recession

During an economic downturn, it’s normal to feel anxious. But we can choose to face these challenges bravely and thrive during a recession.

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Investing in India’s Stock Market and More

Answering reader questions about whether to invest in India's stock market, the best way to invest your HSA dollars, and the tax efficiency of ETFs vs. mutual funds.

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child working taxes

How to Hire Your Kids for Taxes the Right Way

If you’re a business owner interested in hiring your child for tax purposes, there are specific rules and exemptions you need to know about.

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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