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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 2026 Retirement Plan Contribution Limits

The contribution limits for 401(k)s, 403(b)s, IRAs, and HSAs will change for 2026. 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

working locums in retirement

Locums in Retirement Is Not ‘Working’

Some people think that doing a locum constitutes “work," meaning you can't really consider yourself retired. Here's my pushback on that.

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calculating investment returns

9 Truths About Investment Returns

If you want to function as an intelligent, functional lifelong investor, you must understand how investment returns work. Here's all to know.

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live like a resident

Who Doesn’t Have to Live Like a Resident?

I've been telling people to live like a resident since at least 2011. But I do get pushback on it. Let me explain what it really means.

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celebrating milestones

14 Financial Milestones Worth Celebrating

Financial milestones are worth celebrating! Set intermediate goals and celebrate achieving each of them on your path to financial independence.

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foreign gift requirement penalties

What Doctors Need to Know About Receiving Gifts from Abroad: Tax Traps and Filing Requirements

Let's outline the US tax implications, key filing requirements, and relevant legal authorities that apply when you receive a foreign gift.

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The WCI Champions Program

Apply to be a WCI Champion today, and you could make a difference of millions of dollars to your classmates.

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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