The White Coat Investor

How Can We Serve You Today?

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!

Become a White Coat Investor

Founder’s Message

WCI Classics

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

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.

Read on »

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.

Read on »


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.

Read on »

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.

Read on »

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.

Read on »

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.

Read on »

View all Classic Posts »

Latest Posts

disinheriting kids

Why (and How) We’re Disinheriting Our Kids

Our kids have gotten a little spoiled. Now, we're forced to do something about it. Here's how we're getting them prepared for adulthood.

Read on »

penny wise pound foolish

Penny Wise and Pound Foolish

Why do I persist in trying to accomplish everything myself as opposed to enlisting help? Why am I still penny wise and pound foolish?

Read on »

Overcoming a Late Start

An interview with an emergency medicine physician where we talk about an inflated lifestyle, the shame one might feel, and how to solve those problems to still reach financial independence.

Read on »

wci survey

The 2023 WCI Survey Results: Here’s How Much You Make and What You Like (and Don’t Like)

We asked you to fill out the WCI survey, and thousands of you did. Here's what you said, what you like, and what you want to improve.

Read on »

permanent life insurance exceptions

Appropriate Uses of Permanent Life Insurance

Before buying any permanent life insurance policy, be sure you understand if you're one of the rare doctors for whom it actually makes sense.

Read on »

laddering CDs

What You Need to Know About Laddering CDs

With interest rates rising, is now a good time to buy CDs and perhaps ladder them for the next several years? Here's what to consider.

Read on »

View all posts »

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