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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

stretch ira

What Is a Stretch IRA?

The Stretch IRA used to be much more generous for those receiving an inherited IRA. Here's what a Stretch IRA is and how to plan for it.

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reducing burnout

Burnout Is Expensive: The Financial Case for Prioritizing Mental Health

Addressing your burnout is not just personal self-care. It’s a financial wellness strategy. Here's why you should take it very seriously.

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retirement withdrawal from readers

Real Life Examples of How WCIers Live, Worry, and Withdraw Money in Retirement

We asked 15 questions to determine how those who have retired got there. So far, dozens of readers have responded. Here's what they said.

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asset location

What Is Asset Location? Tax-Efficient Fund Placement

Get a handle on asset location. Here are six high-yield principles that teach how to choose the right investments for the best account.

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residency retirement match

Is a Residency Retirement Match Really That Valuable?

Sometimes fourth-year medical students ask me, "Should I rank the program that offers a retirement match higher?” Here's what I tell them.

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fidelity youth account

The Fidelity Youth Account — Should You Use It?

Fidelity has started offering a youth account, and some wonder if it is a good idea for their teenager. Here's what you need to know.

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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