The 1 (Weird) Tax Trick the IRS Hates
People think there are tax secrets the IRS doesn't want you to know about. Let's uncover the mystery and see if that's really true.
Helping Those Who Wear the White Coat Get a “Fair Shake” on Wall Street
People think there are tax secrets the IRS doesn't want you to know about. Let's uncover the mystery and see if that's really true.
Here's another edition of the WCI Travel Club, where readers can write about their worldly adventures and what they learned from them.
Young doctors should have a disability insurance rider that allows them to increase the benefit amount. But there are quite a few options.
Here's what to know about being a military doctor, including how much it pays, the specialties available, and whether it's right for you.
Discussing your options if you do not match this week and helping you figure out what your options are and what steps to take next, and we go over the WCI survey that helps us decide how we make our site and podcast even better for the next year.
When you're about to retire (or if you've just retired), you need to be aware of the biggest risk you have—the Sequence of Returns Risk.
I have regularly received questions for years about Halal investing for devout Muslims. Here's what you should know about it.
The government wants you to run a business and invest in it. And if you're a real estate investor, all the better when it comes to taxes.
Let's explore the many reasons why buying individual municipal bonds instead of bond funds might not be the right choice for you.
If your dentist is going out of network, it could be great for your dental health. Here's why dentists are making that decision.
Along with Friend of WCI Chad Chubb, we answer reader questions about when an IRA is too big to convert to a Roth, how long you can wait to do the conversion in a Backdoor Roth, and the difference between wants and needs.
The conversations I’ve had with friends about our student loans sound very similar to the chats my parents' friends had about their mortgages.
One of the best online courses of the year, Continuing Financial Education 2024, has dropped—order it now to jumpstart your financial journey.
We asked you to fill out the WCI survey, and so many of you did. Here's what you said, what you like, and what you want to improve.
More physicians than perhaps ever before are feeling burnout. Here's how to know if you should stop working or if you can be reinvigorated.
After much thought, our portfolio is changing this year from one reasonable portfolio to another. We'll see how it goes. Update in a decade.
Here are 8 steps to automate your financial life and help you reach your goals of financial freedom.
Rich people don't "manage" debt. They eliminate it. Not stupidly, but reasonably and consistently. It's a behavioral thing, not a math thing.
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.
The Roth IRA is a great start for building your nest egg. There's no better vehicle for investing, tax reduction, asset protection, and estate planning.
Peer to Peer Lending (P2PL) is a relatively new asset class I've been investing in for a few years with good success. The risks are high, but the low correlation with the rest of your portfolio coupled with the high returns make it worth looking into.
Bloggers and authors often tell you that you'll be super happy once you're financially independent. They might not know what they're talking about.
New residents have a big desire to buy a house. But it's a gamble of your time and money at a period of life when you have little of either.
Don’t make these seven common mistakes that cause doctors to fall short in reaching financial success.
Many beginning investors feel overwhelmed when trying to design and implement their investment portfolios. This detailed plan should help.
Learn the basics of real estate investing—from hard money loans to mezzanine debt, capital stacks to waterfalls, depreciation, 1031 exchanges, strategies, and lots more.
How much longer can I do this job? I'd wondered that for years, but now I needed to make a choice: retire early or find something else to do.
Stress is all but guaranteed in the medical profession. But here are some medical specialties that are more stressful than others.
If you let a season of your life go by without having an experience that is only available in that season, you've lost your chance.
In my marriage, I'm the primary earner. Here's how I think about bucking customary gender-based norms and making more money than my husband.
Two White Coat Investor columnists—one older and one younger—go head to head to discuss their views on investing and retirement.
This Backdoor Roth IRA tutorial takes you step-by-step through the contribution process including Form 8606, tax implications, common mistakes, and lots more.
As a "moderate-income" high earner, I'm sharing our household income, estimated taxes, spending projections, and expected savings rate.
The secret to becoming a wealthy physician is contained in these four words: "Live Like A Resident." Earn like an attending, but spend like a resident to become very wealthy, very fast.
What are the most unbiased, accurate, high-yielding, current, and entertaining financial books for doctors and other high income professionals? Here you go!
Our Health Savings Account has grown and grown and grown. Now, it's into six-figure territory. Here's how we did it and what we'll do next.