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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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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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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

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Picking Individual Stocks Is A Loser’s Game

Wondering why you're no good at stock picking? It turns out the odds are stacked dramatically against you. Do yourself a favor and don't play this loser's game.

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A College Savings Debate

Johanna Turner explains some cool tricks for paying for college. Unfortunately, they're less than ideal for high-income earners, who can just use the humble 529.

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Increase Fulfillment By Eliminating Financial Worries

Financial independence requires eliminating financial concerns from our lives. When we are out of debt, adequately insured, and on track to meet our savings and investing goals, such as college and retirement, we are free to practice in the way we see fit.

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6 Reasons We Lost Money On Our First Rental Property

Many real estate investors lose a lot of money on their first investment. Figuring out how to do it before you start helps, but a little luck helps too.

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Updates in the Disability Insurance Marketplace- Part 10

Disability insurance is complex, but Larry Keller helps break it down and make it understandable. Recently, Principal has made their policies less attractive while Metlife, Berkshire, and Ameritas have made theirs more attractive.

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Another First World Problem- Getting all that mud and sand out of my wetsuit after these trips

It’s Not Just Our Tax System That Is Progressive

Most docs realize the tax system is progressive. But do they realize that the health care system, the education system, and their own family is also?

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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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