The Ethics of Asset Protection
Yes, asset protection will potentially help you keep you and your family's money safe, but is it actually the ethical thing to do?
Yes, asset protection will potentially help you keep you and your family's money safe, but is it actually the ethical thing to do?
Soon after we got married, we met with a financial advisor who laid out a path we first thought was acceptable. Now, we know it wasn't. Here's what we did about it.
For the majority of my career, I’ve been a sports writer. Now, I'm the content director at The White Coat Investor. Let's go on this journey together.
In 2020, a commenter suggested we write a post about the things WCI gets wrong. We've now found someone qualified to write that very post.
Last year, WCI gave away nearly 24,000 books to first-year medical students. This year, we want to send out even more. Here's how to help.
Answering listener questions about insurance, including topics like whole life insurance, group universal life insurance, and umbrella insurance.
While the phrase, "Fly first class or your heirs will!" is one way to think about traveling in luxury, here's how to know whether you actually should.
Are you interested in becoming an active real estate investor? Here are my top six tips that you should consider before getting started.
Managing your student loans properly and minimizing your tax bill are both critical parts of a solid financial plan. Find out if you can deduct student loan interest, how to file taxes with student loans, and if the IRS can take your tax return.
Have you ever experienced stress and anxiety because of student loans? If so, you’re not alone. Here are four strategies to help you get a handle on your student debt.
Learn about what financial tasks to take on first by applying these "waterfalls" for both residents and attendings. Waterfalls are simply lists, or rules of thumb, for knowing what to do with your money, time, and life energy.
Answering listener questions about real estate investing, 457 plans vs. taxable accounts, the Mega Backdoor Roth IRA, and details on the WCI 401(k).
There are now more options than ever to refinance your student loans while still in residency. Easy payments and less interest accrual is a winning combination for those not going for PSLF.
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.
Student loans stink. To make matters worse, figuring out what to do with them can seem complicated. Here I present a flowchart that should help clear up the confusion.
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 burning desire to buy a house but it's a huge 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.
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.
A good investment portfolio is broadly diversified, low-cost, passively managed, rebalanced, and consistent with its owner's risk tolerance.
This Backdoor Roth IRA tutorial takes you step-by-step through the contribution process including Form 8606, tax implications, common mistakes, and lots more.
Every investor needs a written Investment Policy Statement. Here are a few pieces out of mine and ideas for what you ought to consider including in yours.
Financial knowledge isn't enough. Without the X Factor, you'll never reach financial success. Motivation breeds hard work and discipline, which breeds wealth.
Guest blogger Dr. Wise Money explains how REPAYE works and shows how you can decide if it is right for you. The lower your income and the higher your debt, the more likely REPAYE is for you.
One of the pearls Dave has contributed to the personal finance lexicon are his "Baby-Steps." They seem aimed at the financially clueless, but they still have merit for the more knowledgeable.
People take too long to kick Sallie Mae out of the spare room. Here are ten reasons why you should pay off those student loans in 2-5 years.
There are a few important financial chores every busy resident would be foolish to ignore. Get these 6 things done and checked off on your "to-do" list.