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The White Coat Investor

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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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Founder’s Message

WCI Classics

The X Factor

Financial knowledge isn't enough. Without the X Factor, you'll never reach financial success. Motivation breeds hard work and discipline, which in turn breed wealth.

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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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Hippies

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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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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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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How To Be A Do-It-Yourself Investor

Do it yourself investing is a reasonable option for physicians and other high income professionals. If nothing else, you will save tons on investment management fees. Here is how to do it.

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Latest Posts

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My Path To Financial Independence

Physician on FIRE describes his rapid path to financial independence. Silver spoon? Maybe a little, but mostly just benefitted from parents who talked about money.

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Designing Your Glide Path

Glide paths are a heavily used investment concept where you reduce risk as you go through life. But maybe we should be asking a lot more questions about them.

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Konstantin Litovsky

How To Reduce Your Practice Retirement Plan Cost

Konstantin Litovsky discusses how to be implement a small practice retirement plan. He recommends flat fees and an independent TPA and 3 (38) fiduciary advisor.

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Meditation on the Enclosure

The New WCI Asset Allocation

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.

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The Bare Minimum

Some high-income professionals hate personal finance and investing. If that is you, this post is for you. If that isn't you, send this post to someone you care about.

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Financial Independence is Not a Number

Live Free MD argues that financial independence isn't an age or a number, but rather a process, and then shares how he envisions his process will go.

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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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