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The White Coat Investor

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Welcome New Readers!

Welcome to The White Coat Investor! 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 and we understand it can be overwhelming to the first timer, so we 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

How Much Money Do Doctors Make a Year? Salaries Have Yet Another Disappointingly Small Increase

According to a new survey, the average doctor's salary rose slightly in 2024. Here's what doctors make in a year.

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150 best investment portfolios

Best Investment Portfolios — 150+ Portfolios Better Than Yours

A good investment portfolio is diversified, low-cost, passively managed, and consistent with your risk tolerance. Which one is best for you?

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Financial Waterfalls for New Residents and Attendings

Learn what tasks to do first using these waterfalls for residents and attendings, so you can manage your money.

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The 2026 Retirement Plan Contribution Limits

The contribution limits for 401(k)s, 403(b)s, IRAs, and HSAs will change for 2026. Here's what you need to know.

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disability insurance

Physician Disability Insurance

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.

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Hippies

How to Do a Backdoor Roth IRA

This Backdoor Roth IRA tutorial takes you step-by-step through the contribution process including Form 8606, tax implications, common mistakes, and lots more.

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Latest Posts

w-2 vs 1099

Why ‘Going 1099’ Won’t Solve All Your Financial Problems

There are guidelines about when someone should be an employee and when they should be an independent contractor. Is being on a 1099 better?

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hedonic adaptation

The Other Side of Hedonic Adaptation: When Life Knocks You Down

In the summer of 2025, I started feeling off. It was nothing dramatic at first—just a sense I wasn’t at my best. The result was a gut punch.

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good time to retire

5 Good Times to Retire (and 1 Bad Time)

Per the 4% guideline, you can spend about 4% of your portfolio a year. But there are five times when that number might change significantly.

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tax deferred retirement account

Tax-Deferred Retirement Accounts: A Gift from the Government

Tax-deferred retirement accounts can reduce taxes, protect assets, plan your estate, and boost returns. Ignore them at your peril.

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tiaa real estate fund

Should You Invest in the TIAA Real Estate Account (QREARX)?

If you have access to TIAA’s real estate account and you're thinking about investing in QREARX, here's what you should be thinking about.

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heloc

Why a HELOC Can Be a Smart Financial Tool for Physicians

Borrowing, when done smartly, can provide flexibility and help you reach financial goals. One option is a Home Equity Line of Credit (HELOC).

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The White Coat Investor

A Doctor's Guide to Personal Finance and Investing

Financial Boot Camp

Financial Boot Camp

Guide For Students

Guide for Students