The White Coat Investor

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!

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WCI Classics

One More Step

12 Questions to Ask Before Purchasing Whole Life Insurance

Should you buy whole life insurance? The short answer is, "Probably not." This is a product designed to be sold, not bought, where 80% of its purchasers eventually regret their decision. Are you one of the exceptions? Read this post to find out.

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Broker Recommendations

The Perfect Financial Advisor

My mantra with financial advice is "Good advice at a fair price." There are plenty of good financial advisors out there, but they're badly outnumbered, and by the time you know how to recognize one, you may know enough that you no longer need him. This post explains what the perfect advisor looks like, but you won't find him, probably because he doesn't exist. You may, however, find one that is good enough and offering his service at a fair price.

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150 Portfolios Better Than Yours

As investors move from their investment childhood through the teenage years, many of them seem to almost become fixated on designing the perfect portfolio. They've learned the importance of buy and hold, the importance of keeping costs low, and the importance of using passive investments over active ones. But investing is far more about sticking with a good enough portfolio than continually searching for the perfect one. Chances are, these 150 portfolios are all better than yours. Pick one and stick with it.

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Backdoor Roth IRA Tutorial

I'm still getting frequent questions on how to do a Backdoor Roth IRA. So I thought I'd put together a basic, step by step, tutorial people can refer to when they do this. Most physicians should be using a personal and spousal Backdoor Roth IRA. That means contributing to a non-deductible traditional IRA, then converting it to a Roth IRA. Beware the pro-rata rule, however.

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Teton Family

Student Loans vs Investing

One of the most common questions and debates among blog readers is what to do with excess income- pay down debt or invest. There are a lot of considerations that go into this question, and there isn't necessarily a right answer for any given person at any given time. Read these guidelines to help you make your decision.

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Ten Commandments

The 10 Commandments of The White Coat Investor

Still trying to figure out exactly what The White Coat Investor is saying you should do with your money? This post gives you the directions you need to be financially successful in a simple 10 point list.

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Latest Posts

The Crack of Lake Powell

REPAYE vs Refinancing Student Loans As a Resident

The new REPAYE program complicated the decision about whether or not to refinance as a resident. The 50% interest subsidy basically lowers your interest rate during residency, and the effective rate might even be lower than you can get from a private company.

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Jan Miller, Student Loan Expert

Should Physicians REPAYE?

REPAYE is a new federal student loan management program. It is essentially a combination of PAYE and IBR, with a few new features thrown in. Learn the rules and do the math to see what is right for you.

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Pine Creek Colors 2

Asset Protection Presentation on QuantiaMD

Doctors get sued all the time. That's no reason to go bankrupt. Take these steps to protect as much as you can.Most docs are over-worried about being sued above their limits. However, they should still be aware of the asset protection laws in their state.

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Middle Teton Summit

4 Years of Peer to Peer Lending – High Returns, Low Correlations

My Peer to Peer Loan investments continue to have great returns despite having plenty of defaults. The key is to automate the process to minimize the hassle factor.

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Skiing With Kids

Financial Health: What Medical Schools (And Students) Are Doing Wrong

Medical students are pretty much financial idiots, and their schools aren't helping matters. Follow these tips for success.

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Whole Life in the Distribution Phase

What do you do with your whole life policy once you hit retirement? It turns out the best choice is either nothing, or borrow from it. You've already paid your dues, might as well get the benefits.

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Buy Our Book!

The White Coat Investor: A Doctor's Guide To Personal Finance And Investing not only summarizes the most important information on the blog, but also contains material not found on the site at all.
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