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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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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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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Latest Posts

student loan holiday over

The Student Loan Pause Is Over; Now What?

The student loan pause is finally over. What does this mean for you? When will payments restart? Here's what to know.

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stressful medical specialties

What Are the Most (and Least) Stressful Medical Specialties?

Stress is all but guaranteed in the medical profession. But here are some medical specialties that are more stressful than others.

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Financial Planning for a Child with a Disability

An interview with James Lange, who discusses his experience of having a daughter diagnosed with a disability and going through the process of making sure she has the finances in place after he and his wife are gone.

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Jim Dahle WCI business

What My Finances Would Look Like Without WCI

From time to time, I get asked, "What would your financial life look like if WCI had never taken off?" Let's imagine the possibilities.

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tax audit appeal

Unhappy with Your Tax Audit Results? How to Appeal and Litigate an IRS Tax Audit

If your tax returns get audited and you don't like the results, it's possible to appeal the IRS's decision. Here's what to know.

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ethics of investing

The Ethics of Investing

We should care about the ethics of investing, whether we're striving for financial independence ourselves or if we're teaching others.

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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