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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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WCI Classics

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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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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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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

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Is Your Financial Advisor Ripping You Off?

When hiring a financial advisor, make sure you are getting good advice at a fair price. If you already have a financial advisor, make sure you are still getting good advice at a fair price. Far too many doctors overpay, and there is no price too low for bad advice.

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Odyssey Last Rap 238

Using Upromise to Pay Off Your Loans Faster

UPromise not only gives you some cash back for 529s, but also for your Sallie Mae student loans. How would you like an additional reward on top of your usual credit cards reward program for doing your everyday shopping?

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Multi-Generational Wealth Building

Multiple generations working together can create some awesome benefits. But pretending you are a bank or an insurance company in order to cut out the middleman is fraught with peril.

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Larry Keller 238

Experienced Help for Physician-specific Insurance Needs

Lawrence Keller, CLU, ChFC is an experienced insurance agent specializing in term life and disability insurance for physicians, dentists, and similar professionals. He is also a Platinum Sponsor of the 2016 WCI Scholarship. Here he discusses his business and industry.

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The Importance of Spouses Being On The Same Financial Page

What should you do when you realize your husband is just looking for a physician "sugar momma?" How can a middle-aged couple fix financial problems that have been festering for decades?

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A Wealth of Common Sense 238

A Wealth of Common Sense- A Review

A Wealth of Common Sense by blogger Ben Carlson is a gem of a book which will help any investor to simplify and stick with his investing plan.

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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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