A conversation with Bill Bengen—the creator of the 4% rule—to discuss how retirement strategies have evolved, what high-income professionals should be thinking about now, and his current recommendations on safe withdrawal rates.
After eight years of managing our funds and averaging over 9%, I was feeling confident. But if you change your mind, things can get messy.
You don't need to be the smartest doctor in the room to understand how to get more into your retirement accounts. But I'll explain it anyway.
I always thought I could budget $1,000 for healthcare in early retirement and be totally fine. Turns out that was nowhere close to true.
Many doctors pay way too much in taxes. Here are some tips to lower your IRS bill with a variety of potential deductions.
Medical school may not have taught you about money, but we will.
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Get ready to take control of your financial life. You can do this, and we can help.
We won't sell your information. Modify your preferences or unsubscribe at any time.
Let's break down the disability insurance premium payment setups and show how each one could impact the tax status of disability checks.
For physicians, the conversation about 1099 income and micro-corporations is about professional autonomy and financial acceleration.
Dr. Jim Dahle and Dr. Tyler Scott answer listener questions about 529 plans and Trump Accounts and how and if you should use them for your child's education.
Does medical school still make financial sense after OBBBA? Let's run the numbers and see how it all pans out.
I graduated from dental school with $300,000 in student loans. Nearly two decades later, I'm financially independent. Well, sort of.
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See the end from the beginning and figure out how you're going to get out of real estate investing before you get into it.
Here's what you need to know about prediction markets like Kalshi and Polymarket and whether you should risk your money with them.
Once people become aware of the benefits of passive investing, they sometimes "jump the shark" with it. You can take this concept too far.
Money scripts are the deep-seated beliefs about money you picked up without even realizing it. Here's how you can combat the negative ones.
An interview with podcast/author David Stein, where we talk about how experiencing burnout changed the way he thinks about work, money, and investing, and why many high-income professionals struggle with finances even with plenty of information.
Tax-loss harvesting is a strategy where you sell losing positions to get a tax deduction. Here's how to tax-loss harvest with Vanguard.
Why are people scared about the decumulation phase in retirement? It has more to do than with how much money they have. Let's explore why.
I've done the things that people say they'd do if they didn't have to work—travel, hobbies, time with family. Sometimes, I'm still not happy.
Our Health Savings Account has grown and grown and grown. Now, it's into six-figure territory. Here's how we did it and what we'll do next.
If you let a season of your life go by without having an experience that is only available in that season, you've lost your chance.
Medical school may not have taught you about money, but we will.
We will never sell your information. Modify your preferences or unsubscribe at any time.
Get ready to take control of your financial life. You can do this, and we can help.
We won't sell your information. Modify your preferences or unsubscribe at any time.
Two White Coat Investor columnists—one older and one younger—go head to head to discuss their views on investing and retirement.
How much longer can I do this job? I'd wondered that for years, but now I needed to make a choice: retire early or find something else to do.
The contribution limits for 401(k)s, 403(b)s, IRAs, and HSAs will change for 2026. Here's what you need to know.
Now that the Secure 2.0 Act has been signed into law, here's everything you need to know about the changes for high-income earners.
Your financial and fitness goals often share the same principles. Here's what to know about getting in shape—with your body and your money.
Knowing what we know about cryptocurrency and its volatility, should you invest in it? Let's explore the issue here.
According to a new survey, the average doctor's salary rose slightly in 2024. Here's what doctors make in a year.
Many beginning investors feel overwhelmed when trying to design and implement their investment portfolios. This detailed plan should help.
In the US, it's better to be an owner than an employee. Utilize these ownership strategies to accumulate wealth through non-taxable income.
Get a tax plan in place to better manage your wealth in 2026. Start by understanding the 2026 tax brackets and how they work.
Parents with fantastic intentions often hurt their children by giving terrible financial gifts. Here's how to change that.
Learn the basics of real estate investing—from hard money loans to mezzanine debt, capital stacks to waterfalls, depreciation, 1031 exchanges, strategies, and lots more.
Too many docs never build significant wealth despite their high incomes. Make plans now to ensure you aren't in that category when you retire.
Want a bunch of discounts available for doctors and other healthcare workers? Here's how you can cash in on all kinds of savings.
How much money will you need to retire? Let's run through all the information you'll need to calculate your target number.
Start implementing critical strategies NOW to lower your S-Corp taxes this year. Here are 10 ways to use your business to keep more of your money.
Reach financial goals with the least amount of risk by implementing an Investing Plan. Here's how and why to get it done now.
Here's how top physician earners in typically lower-income specialties are killing it and commanding over 2X+ the average.
Yes, the rich do take advantage of their knowledge of the tax code to pay less in taxes. But six of their seven techniques are available to everyone.
Every doctor needs an asset protection plan. The best are simple, inexpensive, and highly effective at protecting you from financial loss.
Learn what tasks to do first using these waterfalls for residents and attendings, so you can manage your money.
Get as mad at debt as I am! Do the math, make a plan, take control, and seize the life you want by paying off your debt FAST.
Too many investors have never taken Investing 101. Here's your chance. Learn it from me or learn it in the school of hard knocks, but you will learn it.
There are much better things to do with your time than hunting down 0% financing deals. Once quantified, they just look like clipping coupons.
Most of my portfolio is invested in index funds. I hope that's not news to you. Here are 10 of the reasons why.
What are the most unbiased, accurate, high-yielding, current, and entertaining financial books for doctors and other high income professionals? Here you go!
Whole life insurance is pitched to almost every high-income professional. Arm yourself with the facts so you don't fall prey to a decision you'll regret.
Disability insurance is crucial insurance for the vast majority of physicians to secure. Buy it right the first time, and you may never have to do it again.
We had a money hemorrhage a few years ago. It was bad. There was a lot of fun involved, but we did learn some lessons.
What do you do with the pennies your money earns between the contribution and conversion to a Backdoor Roth IRA? Not much.
Tax-deferred retirement accounts can reduce taxes, protect assets, plan your estate, and boost returns. Ignore them at your peril.
Guess what? You can have multiple 401(k) accounts, saving you thousands in additional taxes every year. But it can get pretty complicated.
A good investment portfolio is diversified, low-cost, passively managed, and consistent with your risk tolerance. Which one is best for you?
This Backdoor Roth IRA tutorial takes you step-by-step through the contribution process including Form 8606, tax implications, common mistakes, and lots more.
Doctors should follow these 10 steps to reach financial independence. Let's call them the 10 commandments of The White Coat Investor.
There are LOTS of reasonable budgets. Learn to create one to fit YOUR priorities and values as you use money as a tool to bring happiness.
Many Americans aren't rich because of what kind of car they drive. Don't be like them. You aren't what you drive.
How much money will you need to retire? Here are 9 reasons it may be a lot less money than you think.
While it’s a personal decision with lots of factors, here’s what to consider when deciding if you should pay off student loans or invest.
Let the government share in your investment losses. Here is a step-by-step guide to tax-loss harvesting so you can take advantage of market downturns.
I've said "Stay the course" a thousand times, and I meant it every time. It doesn't matter if stocks are up or down, stay the course!
When doctors don't talk about money, they end up making the same dumb mistakes. Stop the cycle and learn from others.
There are a few important financial chores every busy resident would be foolish to ignore. Get these 6 things done and checked off on your "to-do" list.
"Don't buy stuff you can't afford" is so simple it's laughable, yet too many of us live with debt we think acceptable. Here's how to change.
Uncompensated investment risk doesn't increase, and may even decrease your expected return. Avoid it through diversification.
Don’t make these seven common mistakes that cause doctors to fall short in reaching financial success.
Want to successfully reach your investing goals and build the life you dream of? Here are 7 numbers you need to know to make it happen.
In broad strokes, asset protection includes tax saving, estate planning, and even investment strategies, and it will help preserve your nest egg in case of a malpractice suit. See Posts
Estate planning is the process to ensure that your assets go where you want after your death, that your desires are carried out after you can no longer make decisions, and that the estate taxes you pay to the government are minimal. See Posts
Whether it's life, disability, auto, home, or malpractice, high-income professionals need insurance to make sure life's biggest costs don't substantially hurt their nest egg. See Posts
There are so many ways to invest successfully that the most important thing is to just pick something reasonable and stick with it. But it's key to know which approach to take and why you're picking that option. See Posts
Beginning your financial journey and learning about personal finance can seem awfully overwhelming. But instead of trying to solve the entire puzzle at once, it'll be easier (for your mind and for your psyche) to break it down into sections that are more easily digestible. See Posts
Ownership matters, whether it's owning profitable companies, owning your own home, or owning your job. Most of the time, medicine is better—for the docs and for the patients—when docs own their jobs. See Posts
A full, happy, comfortable retirement is where so many WCIers have been aiming since they began working. The main questions: what's the best way to get there, and once you arrive, how do you begin to live and fund your new life? See Posts
While it's entirely possible to finish an undergraduate education debt-free, it's become less likely that physicians and other high-income professionals can do the same. That's why it's so important to know how to manage student loans and the programs that provide student loan forgiveness—especially in a political world that constantly makes changes to them. See Posts
Recent studies show that more than 50% of physicians have experienced burnout, marking a notable increase in the past decade. This trend is alarming and shows why the intersection of burnout and how high earners can keep themselves healthy has never been more pertinent. See Posts