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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? 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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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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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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how much to retire

How Much Money Does a Doctor Need to Retire?

How much money will you need to retire? Let's run through all the information you'll need to calculate your target number.

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The 2024 Retirement Plan Contribution Limits

The contribution limits for 401(k)s, 403(b)s, IRAs, and HSAs will change for 2024. Here's what you need to know.

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Latest Posts

Student Loans and Filing Your Taxes

Answering plenty of questions about student loans and their tax implications, including filing taxes in medical school, filing taxes when you're on the PSLF track, and filing taxes when you are on the SAVE plan.

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choose to thrive

Living Your Life with No Regrets

Would you live your life over and over again? That question can help you choose to thrive and make sure you live your life with no regrets.

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generational wealth

Should You Aim for Generational Wealth?

It is not easy (and in some cases, it's nearly impossible) to create true generational wealth. Is it something to even strive for?

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financial responsibility and sustainability

Merging Financial Responsibility and Environmental Sustainability

As I have aged, my investing goals have changed. As doctors, we owe a responsibility to the environment for our patients and children.

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529 plan more risk

3 Reasons Why You Can Take More Risk with a 529

Most people invest in their children's 529 accounts way too conservatively. You can take a lot more risk than you might have imagined.

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starting a family

How Our Plan to Start a Family Affects Our Quest for Financial Independence

We plan to start a family in residency, and that decision has influenced our financial habits with earning, saving, and spending. Here's how.

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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