Shows
White Coat Investor PodcastWCI #458: Why Automation Beats Willpower for Doctors Building WealthHigh-income doctors often assume that earning more money will naturally lead to wealth—but for many physicians, that never happens. In this episode of the White Coat Investor Podcast, bestselling author David Bach explains why simple, automatic money systems consistently outperform willpower, budgeting, and complex investing strategies. We break down the core ideas behind The Automatic Millionaire, including why automation matters more than motivation, which investments work best for busy professionals, and how small, consistent decisions compound into real wealth over time. We also clarify the often-misunderstood Latte Factor, explaining what it really means—and what it does...
2026-02-121h 00
White Coat Investor PodcastWCI #457: Cash Balance Plans, Trusts, and the Million-Dollar DebateIn this episode we talk through big money topics like cash balance plans, revocable trusts, and what peak spending years really means and when it happens. We talk about where non-docs should start if they are new to White Coat Investor content. Dr. Dahle talks about a recent posts that got some people fired up when he shared his opinion that if doctors do not retire with millions they have failed financially. This podcast is sponsored by Bob Bhayani at Protuity. He is an independent provider of disability insurance planning solutions to the medical community in every...
2026-02-0538 min
White Coat Investor PodcastWCI #456: Alternative Investments with Larry SwedroeToday we're diving into all the stuff everyone seems to be arguing about lately: AI and whether it is actually a bubble, why nobody wants small value, international, or bonds anymore, and what to say to the growing crowd of S&P-500-only investors. We also break down the world of alternative investments in a way that is simple and actually useful, from real estate and crypto to reinsurance, annuities, peer-to-peer loans, commodities, and all the messy complexity in between. And of course, we talk about your new book Enrich Your Future. It is a packed episode, so settle...
2026-01-291h 14
White Coat Investor PodcastWCI #455: Student Loan Forgiveness, Taxes, and Retirement AccountsIn today's episode, we're answering your questions about student loans, taxes, and what to do next once you're already doing a lot of things right. We talk about Borrower's Defense cases and when the government might actually forgive your loans, then dig into smart loan repayment strategies. We also cover investing after you've maxed out your 403(b), what to know after doing your first Mega Backdoor Roth and solo 401(k), and a few tax form gotchas. We wrap up with how to think about cash balance plans when you still have a long runway to invest. Today's...
2026-01-2238 min
White Coat Investor PodcastWCI #454: The Numbers and Psychology of Retirement Spending with Christine BenzToday we sit down with Christine Benz, Author, WCICON Speaker, and Director of Mutual Fund Analysis at Morningstar, for a wide-ranging and insightful conversation. We dive into her annual retirement income research, the realities of spending in retirement, and the challenge many retirees face in giving themselves permission to spend. Christine also reflects on the stark gender imbalance in the finance world and highlights the women she believes every investor should be following, whether they invest on their own or work with an advisor. It is a thoughtful, information-rich interview you will not want to miss. Getting...
2026-01-151h 09
White Coat Investor PodcastWCI #453: Common Real Estate Questions from High-Income ProfessionalsToday's episode is all about real estate, straight from the questions you asked during our recent live webinar. We dig into Real Estate Professional Status, short term rental rules, and how the tax benefits actually work across direct properties, syndications, and private funds. We also tackle REITs, including whether target date funds are enough, other Vanguard options beyond VNQ, and where REITs belong in your portfolio from a tax perspective. We also discuss if you really need real estate at all, and how do syndications, funds, and real estate debt compare in the real world. Questions from...
2026-01-0857 min
White Coat Investor PodcastMtoM #251: Dermatologist Hits $750,000 Net Worth Before Finishing Residency and Finance 101: The Basics of Real Estate InvestingToday we are talking to a Dermatology resident who has hit a $750,000 net worth before finishing training. He has been building wealth since high school and is off to an unbelievable start. This kind of saving and wealth growth will allow him to craft the career he wants as well as reduce the risk of burnout. He knows the impact of the time value of money and was able to complete his MD PhD program in only six years. After the interview we will talk about the basics of real estate investing for Finance 101. Resolve is the #1...
2025-12-0126 min
White Coat Investor PodcastWCI #447: The Past and Future of WCIIn today's episode, Dr. Dahle takes listeners on a journey through the past and future of the White Coat Investor, sharing how it all began and how it has grown into what it is today. He gives an inside look at the brand-new WCI website, which is more beautiful, modern, and easier to navigate than ever. Jim also opens up about new business ventures, personal reflections, lessons learned, and how he'll know when it's time to step back. It's a rare behind-the-curtain conversation that helps you get to know him and the mission of WCI on a deeper level.
2025-11-2752 min
White Coat Investor PodcastWCI #419: Getting to Know Jim: His Past, Present, and Future Relationship with MoneyToday we are turning the tables and Dr. Dahle is being interviewed by our friend of WCI, Dr. Tyler Scott. We turn away from our usual pattern of answering technical questions and instead Tyler asks Jim about his views of money growing up, lessons he has learned along the way and how he views money now. We talk about his upbringing and raising his own children. We talk about what it means to have enough and how you know when you do. Today's interview will give you a little peek behind the curtain of what makes Dr. Dahle who...
2025-05-1553 min
White Coat Investor PodcastWCI #393: Heroes of My Life, Part 2This is part two of Dr. Dahle's fall and rescue story. If you did not listen to last weeks episode yet, be sure to start there. We are picking the story back up as we continue to hear the impact of this experience on Dr. Dahle, his family, friends and coworkers. You will hear from all of the people who had a hand to play in his rescue, hospital stay and overall recovery. It is a heartfelt story full of gratitude both for life, and for the unsung heroes in our lives. If you'd like to join...
2024-11-141h 27
White Coat Investor PodcastWCI #392: Heroes of My Life, Part 1We are so excited to welcome Dr. Dahle back to the podcast after a few months off as he recovered from his mountain climbing accident. Back in August Dr. Dahle was climbing the north face of the Tetons with his long time climbing partner and friend. He had a serious fall and is very lucky to be on his way back to a full recovery. Today we are telling his story. You will hear from all of the people who had a hand to play in his rescue, hospital stay and overall recovery. It is a heartfelt story full...
2024-11-071h 01
White Coat Investor PodcastWCI #365: Disability Insurance with a Friend of WCIToday our friend Dr. Tyler Scott is joining Dr. Dahle to talk about disability insurance as well as to help answer your questions. Dr. Scott is a licensed dentist turned financial planner as well as a columnist here at WCI. Dr. Scott is here to preach the message that all docs need disability insurance and shares his story of going on disability. Later they talk about HSAs, saving for future home expenses, capital gains taxes, and how to clean up a disaster of an investment account and more. Kitces HSA Article: https://www.kitces.com/blog/health-savings-accounts-hsa-dependents-children-age-26...
2024-05-021h 20
White Coat Investor PodcastWCI #364: High Yield Savings AccountsToday we are answering your questions about high yield savings accounts, why you actually need to write down your financial plan instead of just having it in your head, wether or not you should start a 529 if you are going to be an older parent when your kid goes to college, and if you should take out a mortgage when buying a house or raid your taxable account to pay cash and avoid a high interest rate. Dr. Dahle also responds to some criticism directed at WCI. Finally, we have our friends from MLG Capital on to tell us...
2024-04-2558 min
White Coat Investor PodcastWCI #362: Recasting a Mortgage and Beating a Non CompeteToday we are answering your questions about how to get rid of a timeshare that was gifted to you, if it is legal or a good idea to use student loan money for a downpayment, if you should pay off your mortgage early and what recasting a mortgage is and if it is a good idea. Dr. Dahle also answers a few questions about non compete contracts. No more wading through dozens of books at the library, scrolling through hundreds of blog posts on dozens of blogs, or checking in daily with online forums trying to gain...
2024-04-1132 min
White Coat Investor PodcastWCI #361: Financial Pathways for AttorneysToday we are having our first ever full episode focused on lawyers. Our friend and lawyer, Chris Avery, joins Dr. Dahle to discuss education costs and processes for legal professionals, when and why what school you go to matters, what bimodal pay is and what it has to do with lawyers, what lawyers typically make, if there really is a difference with lawyer vs. doctor finance and so much more. If you are finding our podcasts informative and helpful we would encourage you to sign up for our monthly newsletter! It is totally free and includes useful...
2024-04-0456 min
White Coat Investor PodcastWCI #359: Tax Deferred vs. Roth Contributions: A Deep DiveToday Chris Davin, engineer and self taught master of all things Roth, joins Dr. Dahle on the podcast. For anyone who has ever wanted to get all the way into the Roth weeds, this episode is for you. We talk about Roth IRAs, the Backdoor Roth, the Mega backdoor Roth, Roth conversions, and what all of those things mean. We discuss how to determine if you should be doing pre or post tax contributions and why, and how your taxes and tax rate should be considered when deciding what kind of contribution to make. We start with a 101 level...
2024-03-211h 14
White Coat Investor PodcastMtoM #161: Nurse Becomes a Millionaire and Finance 101: How to Get StartedToday we talk with a nurse who is currently in school to become a CRNA and is officially a millionaire. Roughly 10 years ago he and his wife took control of their finances. He said there was some tough conversations as they educated themselves about how to become financially literate and what their goals should be and how to reach them. But once they were on the same page they were able to start crushing their goals. Their big goal was to be millionaires by 40 and they got there a few years early. He is now passionate about giving back...
2024-03-1128 min
White Coat Investor PodcastWCI #355: Burnout in Women with Dr. Darria LongToday on the podcast Dr. Darria Long joins Dr. Dahle. Dr. Long is an ER doc, mom of 3, author, National TV contributor, educator, entrepreneur and researcher. She is passionate about helping women have healthier and better lives. Dr. Dahle and Dr. Long discuss a large study she conducted about burnout among women and the fascinating findings from it. They discuss ways to combat burnout, the dangers of social media for children and adults, how to triage your life and so much more. Still not sure what to do with your student loans? Overwhelmed with how to tackle...
2024-02-2254 min
White Coat Investor PodcastMtoM #156: Family Doc Pays For a Dream Wedding With Cash and Finance 101: How to Wire MoneyToday we are celebrating this family practice doc cash flowing his dream wedding! This super saver had to get comfortable spending a pretty big chunk of change to bring his and his wife's dream to life. He learned that while saving for your future is crucial it is also important to learn how to spend well and enjoy your money. He worked hard and saved both for the wedding and for retirement at the same time. His next financial goals include paying off his student loans in the next few months and then saving enough to be retire optional...
2024-02-0522 min
White Coat Investor PodcastWCI #352: How to Reduce Capital Gains on Property SalesToday we are answering your questions. We talk about capital gains taxes when selling a vacation home, then get into the age old debate about if it is a good idea to buy a house during residency. Dr. Dahle gives advice on things to think about when you are shopping for a new car, then he gives ideas for things to think about when considering buying into a practice. Finally, we answer a few questions about taxes. At some point in our financial lives, it will be time to buy a home. A physician mortgage can be...
2024-02-0158 min
White Coat Investor PodcastWCI #350: Paula Pant & PermabearsToday we have our friend Paula Pant on the podcast. She is one of our Keynote speakers at WCICON24 that you will not want to miss. Today Paula and Dr Dahle cover a whole host of topics including Perma-Bears on the economy, the housing market in 2024 and if you should buy a house now or wait, and even Bitcoin spot ETFs. They also talk about career burnout and how Paula took a year long sabbatical to do an internship to allow herself time to recover from her own burnout. If you're looking to Boost Returns, Lower Taxes...
2024-01-1858 min
White Coat Investor PodcastWCI #349: Is Over Contributing to Your 403(b) Ever a Good Idea?Today is another Friends of WCI episode. Tyler Olson of Olson Consulting joins Dr. Dahle to answer your questions. They talk about paying taxes and if you should use a professional or do them yourself. They discuss medical loans and how taxes work with those. They discuss what to do with an old SEP IRA, if it is ever a good idea to over contribute to a 403(b) and the difference between average cost basis and actual cost basis. The White Coat Investor is proud to introduce our No Hype Real Estate Investing course, which will provide...
2024-01-111h 07
White Coat Investor PodcastWCI #346: Roth IRAs are NOT a Bad InvestmentToday Dr. Dahle debunks an article recently published titled "Why a ROTH is a Bad Idea (Yes, You Can Lose Money)". You can find that article here: https://lifeandmyfinances.com/investing/why-roth-ira-is-bad He spends time educating on why ROTH is a fantastic place to put your money and why this article should never have been published. We also answer a few questions about buying houses now that interest rates are going up. We talk about 401(k) loans, ROTH conversions, how much you need to donate to justify a DAF and more! Getting quality disability and l...
2023-12-2147 min
White Coat Investor PodcastWCI #343: How Do You Know If You Are Getting Good Advice at a Fair Price?WCI Columnist, pediatrician, and WCICON speaker, Margaret Curtis, joins Dr. Dahle today on the podcast to help answer your questions. They debate the age old questions of pay down debt vs invest as well as if it is better to rent or buy in this market. They answer a workplace 401(k) question and discuss how you know if you are getting good advice at a fair price. Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings of our podcast...
2023-11-3059 min
White Coat Investor PodcastMtoM #144: IMG Comes to America and Becomes Financially Successful and Finance 101: Guidance for International Medical GraduatesThis radiologist moved here from Brazil 20 years ago after completing medical school. She wanted to come on the podcast to help educate other international medical graduates about how to succeed in the US financial system. It was a steep learning curve but she wants all immigrants to know they can do this and be successful! This episode is packed full of advice and encouragement. Raquel Oliva Alencar, is an MD, PhD, and CEO and Founder of Scientia Imaging. After the podcast Dr. Dahle talks more about IMGs. Getting quality disability and life insurance should be the first...
2023-11-1327 min
White Coat Investor PodcastWCI #339: Dave Ramsey Gives Poor Advice to Unmatched DocToday we are answering you questions about taxes. We talk about how investing can impact taxes, how to manage estimated payments for your taxes and qualified dividends and even answer a question about tax breaks from investing in oil and gas. We also answer a few questions about asset allocation. Before we get into all of that Dr. Dahle gives his opinion on what advice Dave Ramsey should have, but didn't, give to an unmatched doc in a mountain of debt. Listen to the Dave Ramsey call here: https://www.instagram.com/reel/Cx3Bntau-Au/?igshid=MzRlODBiNWFlZA%3D%3D
2023-11-0247 min
White Coat Investor PodcastWCI #332: Getting A Financial Plan In PlaceToday, SC Gutierrez, long time friend of WCI and the podcast is joining Dr. Dahle to help answer your questions. Together they answer questions about student loans and the SAVE program, about how HSAs should be viewed as retirement accounts, the importance of a written financial plan and a friendly reminder that no one can time the market, and finally get into what a defined benefit plan is. As a white coat, you have valuable knowledge. Various companies want that knowledge. And they're willing to pay you for it! That's why we've put together a list of...
2023-09-141h 01
White Coat Investor PodcastWCI #331: 401K and IRA Limits are Totally SeparateToday Dr. Dahle reminds us that 401K and IRA limits are totally separate. He once again reviews the changes that happened with the Secure Act 2.0 and then dives into a variety of your questions. Some of those questions are about 401(k)s, roth vs. traditional contributions, mega backdoor roth conversions, and what do with retirement accounts when transitioning from residency. Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings of our podcast, short snippets of financial tips explained succinctly...
2023-09-0750 min
White Coat Investor PodcastWCI #330: Financial Therapy with Aja EvansToday Dr. Dahle speaks with financial therapist, Aja Evans. Aja is a licensed therapist with over a decade of experience in the mental health industry. They have a fascinating conversation about the impact of our various behavioral issues when it comes to finance. They discuss the guilt and shame that can come from making a financial mistake, from having saved too much or not enough, and the impact of not being comfortable making boundaries or having open conversations about finances. They get into why financial therapy can be beneficial and a great deal more. We hope you find this...
2023-08-3147 min
White Coat Investor PodcastMtoM #132: Emergency Medicine Resident Hits $100K in Retirement Accounts and Finance 101: CashThis emergency medicine resident saved $100,000 in his retirement accounts all during residency. He said living in the midwest helped because of low cost of living. In addition he stuck to a tight budget, cooked at home, rode his bike to the hospital and saved all he could. This doc is also committed to education and has helped many of his peers and attendings become more financially literate. He said his next big financial goal is to become a millionaire within 3-5 years. After the interview Dr. Dahle will be talking about cash and what to do with it for...
2023-08-2122 min
White Coat Investor PodcastMtoM #129:Family Physician Lives Like a Resident and Finance 101: InflationThis family medicine doc shows us the power of living like a resident for a few years. This family has continued to live frugally since training and were able to tackle their student debt and save up for a mortgage. They are now happily maxing out retirement accounts and saving for their future. Paying off the debt was easier than she thought because they didn't inflate their lifestyle. We also learn from this doc the importance of contract negotiation. She shares her story of speaking up for herself and the impact of having her negotiations honored. After the interview...
2023-07-3123 min
White Coat Investor PodcastMtoM #128 - Podiatrist Pays Off Student Loans and Finance 101: Dave Ramsey's Baby StepsThis podiatrist paid off his student loans only a few years after training. He shared how freeing it has been to be completely out of debt. He said budgeting, open communication, and living frugally for awhile was critical for paying this off so quickly. He said they were still able to enjoy life and celebrate the little wins along the way including enjoying a nice bottle of wine after every $25,000 they paid off. He said being out of debt has allowed him to set his schedule and spend more time with his family and focus on personal development. After...
2023-07-2426 min
White Coat Investor PodcastWCI #324: Pilots Can Reach Financial Independence TooDr. Dahle chats with Australian pilot, Captain FI, about creating the life you want today and making the most of the time you have. Captain FI walked away from his full time career at 30 and is now working part time in a variety jobs that he enjoys. He shares the impact of losing his mother and how it made him realize what mattered most in life. He is now enjoying spending money on what he values and keeping expenses low. He said you might be surprised how little money you need to be happy and live a life you...
2023-07-2056 min
White Coat Investor PodcastMtoM #126 - Pharmacist Writes a Book and Pays Off a Mortgage and Finance 101: Index FundsThis pharmacist turned educator paid off his investment property mortgage. He shares his fascinating story of moving through several different careers before settling into what he does now, teaching. He wrote a successful pharmacology book that made it possible for him to pay off his first of two rental property mortgages and he is on his way to paying off the others. After the interview Dr. Dahle talks about index funds for Finance 101. I estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr...
2023-07-1023 min
White Coat Investor PodcastWCI #321: The Family Board Meeting with Jim ShielsToday we are talking with our friend Jim Shiels about his book, The Family Board Meeting. Jim is a father of 5 and passionate about helping families have the best relationships they can. He talks about the importance of putting your phone down and having scheduled one on one time with your children as well as weekly dates with your partner. We hope you learn some helpful tips on how to dramatically strengthen your family! Getting quality disability and life insurance should be the first financial chore for a doctor to complete. Most docs don't have the ideal...
2023-06-2946 min
White Coat Investor PodcastMtoM #124 - Two Doc Couple Splits Their Student Loan Plan and Finance 101: The 5 Money ActivitiesThis two doc couple has created a great plan for getting rid of both of their loans. He is going for PSLF and they just paid off her loans. He said meeting with StudentLoanAdvice.com, refinancing and then having a plan and sticking to it were the keys for tackling these loans quickly. He said they were able to maximize their retirement accounts while paying down the debt. They didn't live exactly like residents but kept costs down and didn't live lavishly. They were still able to enjoy their lives while they did. After the episode for Finance 101 Dr...
2023-06-2625 min
White Coat Investor PodcastWCI #319: Wholesaling and Flipping Real Estate with Jamil DamjiOur guest today is Jamil Damji who is a co-host of the BiggerPockets On the Market podcast and the author of How to Wholesale Real Estate: The No Cash Strategy to Build a Scalable Business. He is a co-founder of KeyGlee, which helps real estate investors find properties and is the founder of Astroflipping. He hosted Triple Digit Flip on A&E. Today Dr. Dahle and Mr. Damji get into the details of what wholesaling and flipping is, how to get into it and who it is and is not right for. At some point in our...
2023-06-1550 min
White Coat Investor PodcastMtoM #122 - Orthopedic Surgeon Hits $4 Million Net Worth and Finance 101: TaxesThis doc just hit $4 million net worth. He has worked to boost his income at every step of his journey to allow for more savings. While he has a high income, he has always valued living fugally and saving as much as possible. His advice to you? Identify your goals, and find a job that can provide enough income to meet those goals.He said to keep expenses low out of residency, and don't over inflate your lifestyle. Today for Finance 101 Dr. Dahle is talking about taxes! Getting quality disability and life insurance should be the first...
2023-06-1231 min
White Coat Investor PodcastWCI #315: 529's, Inheritance and Roth IRAs For KidsToday we answer your questions about 529's. We try to help clarify the changes coming with Secure Act 2.0. We talk about if it would make sense for 529s to be under a grandparents name to avoid your child not qualifying for FAFSA. We discuss if it is smart to save in a 529 if you aren't sure if your child will attend college in the US. Dr. Dahle answers questions about his families' plan for inheritance for their kids and discusses which funds to choose for your kids Roth IRAs. We even touch on the topic of how much is...
2023-05-1836 min
White Coat Investor PodcastMtoM #118 - Cardiologist Becomes a MillionaireThis cardiologist became a millionaire just 6 years out of training. This physician couple worked hard to pay their debt off and start saving. They have learned that while they want to be set up for a comfortable retirement, they also are not trying to FIRE. They want to save responsibly while still spending money now and making the most of life right now with their kids. His advice to you is to be persistent and consistent and to be patient. If you stick to your plan you will be successful! Dr. Dahle also gives an intro to H...
2023-05-1524 min
White Coat Investor PodcastWCI #314: Loving Your Timeshare with Dr. Cory FawcettDr. Cory Fawcett joins us today to make the case for timeshares. He takes the much less voiced opinion that timeshares are awesome. He shares who he thinks are the right candidates for timeshares and who are not. He also talks about how to make the most of them. As a timeshare owner for over 30 years he believes for the right people they can be a fantastic way to travel. We hope you enjoy the friendly debate between Dr. Fawcett and Dr. Dahle. If you're like most doctors, nobody taught you anything about personal finance or investing...
2023-05-1153 min
White Coat Investor PodcastWCI #312: Generational Wealth and Teaching Your Kids About MoneyOur guest on the podcast today is Dr. Brittne Halford of More Joy, More Wealth. She and Dr. Dahle discuss how your upbringing affects your view on money. They discuss generational wealth and the difference between being rich and having wealth. They talk about how to teach your kids about money and how to help them learn to work hard and create the life they want even if they have some generational wealth coming their way. Do you ever find yourself wishing there was somewhere to go to ask your finance, insurance or investing questions? The White...
2023-04-2757 min
White Coat Investor PodcastWCI #311: Asset LocationToday we are answering your questions off the speak pipe. Many of those questions are in regards to asset location. We talk about weighing tax efficiency against higher returns in your accounts and Dr. Dahle reminds you not to let the tax tail wag the investment dog. We answer questions about high yielding ETFs, QLACs, 457s, non qualified deferred compensation plans, and bonds with high fees. Still not sure what to do with your student loans? Overwhelmed with how to tackle that giant debt in an ever changing political climate? The experts at StudentLoanAdvice.com are here...
2023-04-2039 min
White Coat Investor PodcastWCI #300: Introduction to the Secure Act 2.0Today Dr. Dahle walks you through what changes are coming with Secure Act 2.0. He will take you through everything step by step to hopefully make sense of all of the changes for you. He also answers your questions about the backdoor Roth, estate planning, tax loss harvesting and more. If you want to read more about Secure Act 2.0 click the link: https://www.whitecoatinvestor.com/secure-act-2-0/ Getting quality disability and life insurance should be the first financial chore for a doctor to complete. Most docs don't have the ideal policy for their gender, specialty, state, or h...
2023-02-021h 16
White Coat Investor PodcastWCI #298: Leaving a Bad AdvisorToday Dr. Dahle answers a wide variety of your questions including what HSA contribution rules are, the importance of spending money instead of just saving it, if it is a good idea to change your financial plan to take advantage of a down market and many others! He once again talks about the importance of ditching your bad financial advisors and what to do with actively managed mutual funds when you do decide to break ties with said bad advisor. Still not sure what to do with your student loans? Overwhelmed with how to tackle that giant d...
2023-01-191h 02
White Coat Investor PodcastWCI #296: Charitable Giving and BondsToday Dr. Dahle and Dr. Spath answer your questions about Charitable giving. They get into the details of charitable gift annuities, what level of transparency churches are required to have in regards to donations, answer if it is better to donate appreciated stock for charity or to use it to offset capital losses, as well as share their favorite ways to donate. After all of that they tackle an array of questions about bonds. If you're looking to Boost Returns, Lower Taxes & Build Wealth, join the WCI monthly Real Estate Opportunities list for tips and strategies to m...
2023-01-051h 09
White Coat Investor PodcastWCI #295: Your Money Or Your Life with Vicki RobinToday we have an amazing guest on the podcast. Vicki Robin, author of Your Money Or Your Life and Blessing The Hands That Feed Us has a fascinating discussion with Dr. Dahle about our relationship to finances, healthcare, housing costs, and food. We are certain you will enjoy this compelling conversation. If you're like most doctors, nobody taught you anything about personal finance or investing during your undergrad, professional school, or residency. And even though your family - and perhaps even your business - rely on you to be the Chief Financial Officer, you have never been g...
2022-12-291h 04
White Coat Investor PodcastWCI #293: Life after Financial IndependenceWe have two amazing guests on the podcast today. Physician on Fire's, Dr. Leif Dahleen, and Physician Side Gig's, Nisha Mehta are joining Dr. Dahle to talk all about life after financial independence. They cover all kinds of topics including is there such thing as too much travel? As well as the importance of creating the life you want and living that life to the fullest, the complications of managing work and time with kids and the value of working because you want to and not because you have to. Did you know that the White Coat I...
2022-12-1558 min
White Coat Investor PodcastWCI #284: HSAs, 529s, and Donor Advised FundsDr. Dahle and Dr. Spath tackle your questions around HSAs—specifically the reimbursement process and if you can reimburse yourself for past expenses before the HSA is open. Hint: You cannot! They also get into opening 529 accounts for family members that are not your children. They talk about charitable giving and the fees that are often associated with that as well as donor advised funds and asset allocation inside of those. They answer a few different asset allocation questions, which is always interesting because determining asset allocation in any category is always personal and the answer to every question is, "It...
2022-10-1356 min
White Coat Investor PodcastWCI #282: Fiduciary Financial AdvisorsIn this episode Dr Dahle talks about fiduciaries and financial advisors. The best way to think of the word fiduciary is to think of it as a person that puts your needs ahead of their needs. There are some financial professionals that have a legal fiduciary duty to you but there are a lot of people out there who call themselves financial advisors who don't actually have a fiduciary duty to you. We discuss what you can do when someone does not act as a fiduciary. We also answer your questions about dollar cost averaging, state specific municipal bond...
2022-09-2944 min
White Coat Investor PodcastWCI #281: Physician Entrepreneurism and Venture Capital With Dr. John ShufeldtThis episode Dr. Dahle interviews Dr. John Shufeldt. He has had a pretty remarkable career in entrepreneurship. Dr. Shufeldt talks to us about physicians being entrepreneurs and the life cycle of starting up a business. He walks through how to scale, mistakes he made over the years, raising money, selling your business and so much more. See the full show notes here: https://www.whitecoatinvestor.com/physician-entrepreneurism-and-venture-capital-with-dr-john-shufeldt-281 If you're like most doctors, nobody taught you anything about personal finance or investing during your undergrad, professional school, or residency. And even though your family - and perhaps even y...
2022-09-2245 min
White Coat Investor PodcastWCI #280: Asset Allocation, International Stocks, Bonds, Small and Mid-Cap Value FactorsThis episode Dr. Dahle talks about asset allocation. We discuss if your asset allocation should ever change and specifically if it should change in retirement or after you are financially independent. We discuss if it is even worth investing in international when US stocks are doing so well. Bonds continue to disappoint, and we continue to give the same message—stay the course. Once we talked all about asset allocation and investing, we move on to what you do once you have invested your money. You spend it. Funny enough, for some people, spending money is even harder than sa...
2022-09-1554 min
White Coat Investor PodcastWCI #278: Recession Proof InvestmentsIs there such a thing as a recession proof investment? Many listeners are wondering this and asking questions about what to do right now. We don't like the phrase recession proof investment. It implies you need a different investment strategy depending on what the market is doing. It shouldn't surprise any followers that we don't think this is true. Are we even in a recession? We dive into this question as well as answer your questions about what to do with your money with the current state of the economy. Buy I bonds, savings bonds, pay off rental property...
2022-09-0147 min
White Coat Investor PodcastWCI #277: Nonclinical Work for PhysiciansThis episode Dr. Dahle talks about ways for physicians to make some money outside of their typical clinical work. Whether you are looking to put your medical education to work in a side gig or replace your clinical work completely, this episode will provide several ideas for you to think about. We have covered side gigs many times on the blog but we thought a reminder here on the podcast would be useful. We also answer some of your questions about FSAs, non-qualified deferred compensation plans, how to save money as a resident, how to manage the student loan fr...
2022-08-2550 min
White Coat Investor PodcastWCI #276: 529s, I bonds, TIPS, S Corps, ETFs and 403(b)sThis episode Dr. Dahle covers a variety of your questions. We talk about when it is worth passing cash through a 529 account and if you should use 529s to fund K-12 educations. We talk about how interest on iBonds works and go into why TIPs have been performing pretty poorly as of late. We dive into the tax implications for S Corps and talk about why it is not a great idea to purchase ETFs after hours. See the full show notes here: https://www.whitecoatinvestor.com/529s-i-bonds-tips-s-corps-etfs-and-403bs-276 I estimate that 80% of doctors need, want, and s...
2022-08-1831 min
White Coat Investor PodcastWCI #275: The Buy, Borrow, and Die StrategyIn this episode Dr. Dahle discusses the buy, borrow, and die strategy.The basic idea is that it might be better to pay interest than it is to pay capital gains. We also answer a big variety of your other questions. We tackle subjects like capital gains, disability policies for mental health, debt funds, enhanced cash management portfolio, title insurance and more. See the full show notes here: https://www.whitecoatinvestor.com/the-buy-borrow-and-die-strategy-275 Getting quality disability and life insurance should be the first financial chore for a doctor to complete. Most docs don't have the ideal policy f...
2022-08-1136 min
White Coat Investor PodcastWCI #274: Setting Up Your Portfolio 101In this episode Dr. Dahle reviews the basics of how to set up your portfolio. This can feel like a big and overwhelming job at the front end, but if you follow some basic steps you will see there really isn't all that much to it. The great part of setting up your portfolio is that once you do it, you can stick with it forever with very few changes. We will also answer a handful of your questions about portfolio allocation, HSAs vs. FSAs, ESOPs and which retirement accounts to fund first. See full show notes here: https...
2022-08-0447 min
White Coat Investor PodcastWCI #273: Tax Credits and Passive vs. Actively Managed FundsIn this episode Dr. Dahle discusses tax credits, foreign tax credits, insurance tax code changes and how a 7702 is not something we are excited about at WCI. We talk about Roth conversions during retirement and a host of other topics. We also have a husband and wife doctor duo on the podcast. They are guests we have had before and the creators of the online course Zero to Freedom that will teach you all about cash flowing real estate properties. See full show notes here: https://www.whitecoatinvestor.com/tax-credits-and-passive-vs-actively-managed-funds-273 No more wading through dozens of books a...
2022-07-2847 min
White Coat Investor PodcastWCI #272: Father and Son Physician Duo Does Direct Real EstateIn this episode Dr. Dahle interviews a father and son physician duo. The father began a direct real estate business as he built his medical practice and used the real estate to teach his children about finances and hard work. The father is now at the end of his long real estate investing career and we discuss what that looks like and what his son has taken from the lessons and experiences watching his dad be successful financially as he embarks on his own medical career. See full show notes here: https://www.whitecoatinvestor.com/father-and-son-physician-duo-does-direct-real-estate-272 The W...
2022-07-211h 07
White Coat Investor PodcastMtoM #71 - Neurologist MillionaireDr. Dahle interviews this neurologist who graduated debt-free, matched into Neurology, made twice as much as the average neurologist, and is now, 8 years out of residency, cutting back to 7 days a month (still with a great income), a multi-millionaire, and on CoastFI. Quite an inspiration. Learn more about the different types of FI here https://www.whitecoatinvestor.com/the-fire-movement/ If you're like most doctors, nobody taught you anything about personal finance or investing during your undergrad, professional school, or residency. And even though your family - and perhaps even your business - rely on you to be t...
2022-06-2018 min
White Coat Investor PodcastWCI #267: Non Food FranchisingDr. Jim Dahle interviews our guest on this episode, Jon Ostenson. He is a very successful franchise broker. He specializes in an area that he calls non-food franchising. You're probably familiar with a lot of franchises out there but they all tend to be restaurants. He specializes in other franchises. We talk with him about the idea of a franchise as an occupation, as a business, as a side gig, or as an investment. See full show notes here https://www.whitecoatinvestor.comnon-food-franchising-267 If you're like most doctors, nobody taught you anything about personal finance or investing d...
2022-06-1656 min
White Coat Investor PodcastWCI #266: Employer Health Insurance Plans: PPO vs. HDHPThis episode Dr. Dahle and Dr. Spath answer questions about health insurance. They talk about PPOs vs. HDHP plans. They discuss the difference between co-pays and out-of-pocket maximums. They cover the difference between bronze and silver and platinum plans and talk about why HSAs are so awesome. They answer questions about when you should or should not pay cash for your house and if 1099 employees need to create an LLC or not. See the full show notes here: https://www.whitecoatinvestor.com/employer-health-insurance-plans-and-ppo-versus-hdhp-266 If you are finding our podcasts informative and helpful, check out our website! Since 2011 w...
2022-06-0959 min
White Coat Investor PodcastWCI #264: Interest Rates, Inflation, and I BondsIn this episode Jim Dahle answers your questions about interest rates, inflation, I bonds, where to put that money you are saving for a downpayment, student loan forbearance with IBR, investing in total US stock market versus international, the Japanese markets in the 1980s, and global overpopulation. See the full show notes here https://www.whitecoatinvestor.com/interest-rates-inflation-and-i-bonds-264 Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings of our podcast, short snippets of financial tips explained succinctly by me a...
2022-05-2639 min
White Coat Investor PodcastWCI #263: Investing in Crypto-Assets with Hedge Fund Manager, Jeff Ross MD, MBAIn this episode Dr. Dahle interviews a pretty unusual guest for WCI. Readers and listeners have emailed requesting that we get him on the podcast and we thought it would be an interesting conversation. Our guest is Jeffrey W. Ross MD, MBA. He is the founder of Vailshire Capital Management and Vailshire Partners hedge fund. He was a speaker at the Bitcoin 2022 Conference, and he is a board-certified radiologist. He's an interventional radiologist fellowship-trained, and just retired last year in 2021. He has contributed to the Motley Fool as well as Seeking Alpha. We talk all about Bitcoin and Crypto...
2022-05-191h 14
White Coat Investor PodcastWCI #73: Raising Exceptionally Talented ChildrenDr. Dahle interviews Dr. Champeaux in this episode about her experience raising an exceptionally talented son, a tennis player. But we also really delve into being a military doctor and how to publish about and promote financial literacy as an academic physician. Do you ever find yourself wishing there was somewhere to go to ask your finance, insurance or investing questions? The White Coat Investor community is a great place to turn. We have a thriving community across all of our social channels - facebook, twitter, instagram, reddit and our WCI forum. We have been discussing solutions...
2018-09-2758 min
White Coat Investor PodcastWCI #71: An Interview with Nii Darko from Docs Outside the BoxIn this episode Dr. Dahle talks with Nii Darko from Docs Outside the Box. Docs Outside the Box podcast brings stories of ordinary doctors doing extraordinary things to inspire other docs to think outside the box. We discuss some of these stories but also delve into his finances and how he and his wife paid off $600,000+ in student loan debt and are building the life they want. If you're like most doctors, nobody taught you anything about personal finance or investing during your undergrad, professional school, or residency. And even though your family - and perhaps even...
2018-09-1355 min
White Coat Investor PodcastWCI #70: Stuff I Don't Invest InIn this episode Dr. Dahle discusses all the things he doesn't invest in like precious metals, individual stocks, actively managed mutual funds, currencies, bitcoin, start-ups/angel investing, commodities, options, or insurance. If you are finding our podcasts informative and helpful, check out our website! Since 2011 we have been working hard to provide valuable personal finance and investing information through thousands of blog posts written by an array of authors. You can find information on how to manage your student loans, fix and avoid common financial mistakes, understand your retirement accounts, optimize your investments, find professional help at...
2018-09-0628 min
White Coat Investor PodcastWCI #63: Hate Mail and a DisclosureDr. Dahle shares some hate mail he received as well as a disclosure about what he is licensed to do. More importantly, he answers many listeners questions about student loans, delaying tax filing, annuities, and how much disability insurance you need. No more wading through dozens of books at the library, scrolling through hundreds of blog posts on dozens of blogs, or checking in daily with online forums trying to gain a financial education the way the hobbyists do. For a fraction of the price of hiring a professional financial planner, the Fire Your Financial Advisor online...
2018-07-1925 min
White Coat Investor PodcastWCI #62: An Interview with Vagabond MDDr. Dahle and Vagabond MD, an active participant in the WCI forum, providing many readers with needed financial information, discuss what he teaches new doctors about personal finance and investing, what mistakes he sees his peers making, and whether he thinks becoming a doctor is still worth it or at what level of debt should they change their minds, if any. The White Coat Investor is proud to introduce our No Hype Real Estate Investing course, which will provide the framework for developing further knowledge and experience as you progress in your real estate investing career. We...
2018-07-1258 min
White Coat Investor PodcastWCI #61: All About ResidentsDr. Dahle talks about everything that a resident needs to know in this episode, from managing student loans, to housing, to retirement accounts, etc. If you are a resident, or will be a resident in the future, make sure you listen to this episode. If you are finding our podcasts informative and helpful we would encourage you to sign up for our monthly newsletter! It is totally free and includes useful, actionable information NOT AVAILABLE on the regular blog posts. It's almost like being in a secret club - the kind of club that can boost your...
2018-07-0530 min
White Coat Investor PodcastWCI #60: An Interview with Ryan Gray from Medical School HeadquartersDr. Dahle and Dr. Gray discuss relevant premed topics in this episode to help those thinking medical school is for them to receive the information they need. Dr. Gray desire is to guide medical school applicants through the admissions process and simplify the process. Still not sure what to do with your student loans? Overwhelmed with how to tackle that giant debt in an ever changing political climate? The experts at StudentLoanAdvice.com are here to help guide you through the best options to manage your loans – our experienced staff have consulted on over $250M in student lo...
2018-06-2845 min
White Coat Investor PodcastWCI #59: Is Dr. Mike Meru Crazy?In this episode Dr. Dahle talks about Dr. Mike Meru and his student loan balance of over $1 million dollars. Is he crazy? Or crazy like a fox? Listen to get Dr. Dahle's take on the situation and how best to manage large student loan debts. Do you ever find yourself wishing there was somewhere to go to ask your finance, insurance or investing questions? The White Coat Investor community is a great place to turn. We have a thriving community across all of our social channels - facebook, twitter, instagram, reddit and our WCI forum. We have...
2018-06-2137 min
White Coat Investor PodcastWCI #58: Interview with Sarah Catherine Gutierrez from Aptus FinancialDr. Dahle interviews Sarah Catherine Gutierrez from Aptus Financial in this episode. They talked about how she got into the financial advising world, the mistakes she sees doctors making in their financial plan, even the DIY guys, and where she sees the financial advising business going in the future. They discuss the different ways that advisors are paid and the conflicts of interests with each type. If you found this podcast useful, visit our blog at http://whitecoatinvestor.com for more personal finance and investing information. Find an engaging and helpful community in our forum at http://w...
2018-06-141h 06
White Coat Investor PodcastWCI #57: Questions from Doctors Doing Well and Doctors in TroubleDr. Dahle answers listeners' questions in this episode about disability insurance, lending money to family, student loan management, backdoor Roth IRAs, mortgage rates, and whole life insurance. If you have questions make sure you send them to him. If you're like most doctors, nobody taught you anything about personal finance or investing during your undergrad, professional school, or residency. And even though your family - and perhaps even your business - rely on you to be the Chief Financial Officer, you have never been given the tools to succeed. Enroll in WCI Financial Boot Camp, a FREE...
2018-06-0730 min
White Coat Investor PodcastWCI #56: An Interview with Mike Piper from the Oblivious InvestorIn this episode Dr. Dahle interviews Mike Piper, CPA, who gave the two highest ranked talks at the entire WCI conference in March. In this episode they discuss the new 199A deduction for physicians, when to take social security, the LLC vs S Corp vs C Corp decision,and frequent tax issues that high income professionals face. If you are finding our podcasts informative and helpful, check out our website! Since 2011 we have been working hard to provide valuable personal finance and investing information through thousands of blog posts written by an array of authors. You can...
2018-05-311h 07
White Coat Investor PodcastWCI #49: Tales From my Email BoxThis episode is full of listeners' and readers' questions. Dr. Dahle talks about lifetime limits on retirement accounts and 529 plans, Backdoor Roth IRAs, SEP IRAs, saving for short term large purchases, and a cautionary tale about student loan debt and why you should make a plan early concerning how you will deal with it. No more wading through dozens of books at the library, scrolling through hundreds of blog posts on dozens of blogs, or checking in daily with online forums trying to gain a financial education the way the hobbyists do. For a fraction of the...
2018-04-1225 min
White Coat Investor PodcastWCI #48: Choose Financial IndependenceDr. Dahle interviews Brad and Jonathan from the ChooseFI podcast. They discuss many different aspects of financial independence. The White Coat Investor is proud to introduce our No Hype Real Estate Investing course, which will provide the framework for developing further knowledge and experience as you progress in your real estate investing career. We call it an introductory course because there is always more to learn. But this is no short, superficial course. There are over 200 lectures and videos adding up to more than 27 hours of content by over 15 different instructors. We think it just might be...
2018-04-0554 min
White Coat Investor PodcastWCI #47: Staying the Course, Stock Purchase Plans, and TSP LoansIn this episode Dr. Dahle answers listeners' questions about staying the course with your investing, stock purchase plans, and TSP Loans. If you are finding our podcasts informative and helpful we would encourage you to sign up for our monthly newsletter! It is totally free and includes useful, actionable information NOT AVAILABLE on the regular blog posts. It's almost like being in a secret club - the kind of club that can boost your knowledge and enhance your wealth at the same time - with no strings attached. Visit https://www.whitecoatinvestor.com/newsletter to sign up...
2018-03-2925 min
White Coat Investor PodcastWCI #39: Five Questions on SERPs, New Tax Law, Inherited IRAs, and GiftsDr. Dahle answers listeners' questions in this episode. He covers questions about SERPs, the new tax law, inherited IRAs, and gifts. At some point in our financial lives, it will be time to buy a home. A physician mortgage can be a good vehicle for a young doctor who's just out of school and has a more effective place to use their money than on a big down payment. These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment than a conventional mortgage. But if you're further advanced in your career...
2018-02-0117 min
White Coat Investor PodcastWCI #38: Bitcoin, Prenups, and Investing vs Paying off DebtIn this episode Dr. Dahle answers listeners' questions about bitcoin, prenups, and whether you should be investing or paying off debt. I estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it—just make sure you are getting good advice at a fair price. If you need help updating your fi...
2018-01-2520 min
White Coat Investor PodcastWCI #36: Interview with Nathaniel Minnick, DODr. Dahle and Dr. Minnick answer readers' questions in this episode. From the debate over DO vs MD to where is the best place to open your solo 401k to should you invest in your medical partner's side business. You will enjoy this interview between two physicians who are dedicated to helping their colleagues become financially literate. As a white coat, you have valuable knowledge. Various companies want that knowledge. And they're willing to pay you for it! That's why we've put together a list of recommendations for companies that pay you to take surveys. If you're...
2018-01-1156 min
White Coat Investor PodcastWCI #33: Questions from Medical StudentsDr. Dahle answers questions from medical students on the show today. He will cover how to get on the same page financially with your partner. He discusses how to prioritize paying off debt, investing, and buying a home. The question about socially responsible investing and whether we should be doing it is addressed as well as the backdoor Roth IRA that every doctor should know about. Still not sure what to do with your student loans? Overwhelmed with how to tackle that giant debt in an ever changing political climate? The experts at StudentLoanAdvice.com are here...
2017-12-2121 min
White Coat Investor PodcastWCI #28: What Matters Most in Personal FinanceWhat Matters Most in Personal Finance We spend a lot of our time talking about and worrying about the minutia compared to the big things you should be worried about. Realize that there are somethings that matter far more than other things. In this episode, Dr. Dahle talks about those things that matter most. If you are finding our podcasts informative and helpful, check out our website! Since 2011 we have been working hard to provide valuable personal finance and investing information through thousands of blog posts written by an array of authors. You can find...
2017-11-0424 min
White Coat Investor PodcastWCI #27: How To Get Rich QuicklyHow to Get Rich Quickly Dr. Dahle discusses how to build wealth in this episode and if you have a need/desire to build wealth quickly he lays out a plan for you to do that. Did you know that the White Coat Investor not only has a podcast and a blog but several books that will help you on your way to financial independence. These books cover topics such as asset protection and minimizing your taxes to keep more of your hard earned money. They discuss plans for insurance, housing, spending, student loan elimination...
2017-10-3025 min
White Coat Investor PodcastWCI #26: When To Buy A HomeWhen to Buy a Home. There are lots of great reasons to own your own home, including the fact that you can have as many pets as you like, you can paint the walls whatever color you prefer, and the landlord can never throw you out on the street. Financially speaking, there are many significant benefits of owning a home. However, there are time periods in life when owning your home is a not such a great financial move. In this podcast Dr. Dahle discusses when it is a good time to buy a home. ...
2017-10-2432 min
White Coat Investor PodcastWCI #22: Nuts and Bolts of Financial PlanningNuts and Bolts of Financial Planning. Listen to this Q&A between Dr. Dahle and a fellow listener to find the answers to many of your financial planning questions. As a white coat, you have valuable knowledge. Various companies want that knowledge. And they're willing to pay you for it! That's why we've put together a list of recommendations for companies that pay you to take surveys. If you're looking for a profitable side gig for not too much effort, getting paid for surveys could be the perfect solution for you. You can make extra...
2017-08-2144 min
White Coat Investor PodcastWCI #20: Comparing Independent Contractor Jobs with Employee JobsComparing Independent Contractor Jobs with Employee Jobs. Which job offer is better? This is a common question and one which nearly every doctor wrestles with at some point during her career. In this podcast Dr. Dahle discusses the factors that should go into this decision. The White Coat Investor is proud to introduce our No Hype Real Estate Investing course, which will provide the framework for developing further knowledge and experience as you progress in your real estate investing career. We call it an introductory course because there is always more to learn. But this...
2017-07-1928 min
White Coat Investor PodcastWCI #16: Understanding The Age 59 1/2 RuleUnderstanding the Age 59 1/2 Rule. Planning on an early retirement? Listen to this podcast to understand the Age 59 1/2 Rule and how it may affect you. Dr. Dahle discusses all the exceptions to this rule to simplify your early retirement. If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/ If you're looking to Boost Returns, Lower Taxes & Build Wealth, join the WCI monthly Real Estate Opportunities list for tips and...
2017-05-3121 min
White Coat Investor PodcastWCI #15: What to do if you have No 401K as a New AttendingWhat to do if you have No 401K as a New Attending. When starting a job as an Attending, often there is a time period where you cannot contribute to the 401K. Dr. Dahle outlines some of the things you should be doing with your money during this time. If you're like most doctors, nobody taught you anything about personal finance or investing during your undergrad, professional school, or residency. And even though your family - and perhaps even your business - rely on you to be the Chief Financial Officer, you have never been...
2017-05-2411 min
White Coat Investor PodcastWCI #12: Investing in Taxable Accounts - What You Need to KnowInvesting in Taxable Accounts -- What You Need to Know. Ever wondered what you should do when you've maxed out your 401K, backdoor Roth IRA, and HSA but still want to save more? Dr. Dahle discusses the advantages to taxable accounts and what you need to know as you invest in them. Love what you hear on the podcast? Looking for more great White Coat Investor content? Head over to our YouTube channel where you can watch video recordings of our podcast, short snippets of financial tips explained succinctly by me and others, and deep...
2017-04-2523 min
White Coat Investor PodcastWCI #11: Should You Make Roth or Traditional 401K Contributions?Should You Make Roth or Traditional 401K Contributions? Dr. Dahle get lots of questions from readers about whether or not they should take advantage of their new Roth 401K (or 403B) option or keep contributing to a traditional 401K. They're usually looking for an easy, straightforward answer. Unfortunately, it isn't that easy. In this podcast Dr. Dahle discusses the important things you should be considering as you make this decision. At some point in our financial lives, it will be time to buy a home. A physician mortgage can be a good vehicle for a yo...
2017-03-2319 min
White Coat Investor PodcastWCI #9: The Four Pillars to Successfully Paying for Children's EducationThe Four Pillars to Successfully Paying for Children's Education. Student loans are becoming an ever-larger burden on many households. Dr. Dahle discusses the four pillars to successfully paying for children's education. Every situation is different, and it is likely that one or two of these pillars will be more important in your scenario than the others, but the larger the contribution from each of them, the easier the task will be. Getting quality disability and life insurance should be the first financial chore for a doctor to complete. Most docs don't have the ideal policy...
2017-03-1023 min
White Coat Investor PodcastWCI #8: Passive IncomePassive Income. "The wealthiest physicians have loads of passive income. They don't just have like trickling, bubbling streams…they have frothy rivers brimming with passive income." -Dave Denniston In this podcast Dr. Dahle gives ideas for creating passive income, explains some tax implications, and shares recommendations for entrepreneurship. He also answers listeners questions concerning whether or not to avoid the fees on your HSA by keeping money in the account or to invest it all, Roth IRAs for a non-working spouse, and debt negotiation versus bankruptcy with some solid advice for getting out of debt. As a...
2017-02-2423 min
White Coat Investor PodcastWCI #6: Disability Insurance for High Income EarnersDisability Insurance for High Income Earners: Understand these critical steps to purchasing disability insurance. A medical resident's most valuable financial asset is his future earnings ability, which is at serious risk of loss due to a personal disability. Dr Dahle outlines critical steps to purchasing disability insurance correctly in this podcast. Disability insurance is FAR more complicated than term life insurance, and while it may not require a ton of time to understand and purchase a policy, it will require more self-education and a lot more decisions to be made. This episode will further your education and walk you th...
2017-02-0919 min
White Coat Investor PodcastWCI #5: Paying Down Student Loans Versus InvestingPaying Down Student Loans Versus Investing -- What Should You Do? Ahhhhh….you've finally made it. 4 years in college, 4 years in medical school, 3-5 more in residency, and 1-3 more in fellowship and you're finally making the big bucks. You've just started getting your first 5 figure paychecks and you feel like you have some money that you don't need to spend on this month's necessities. You've got a couple hundred thousand dollars worth of student loans hanging over your head, a big mortgage, and even a little bit of credit card debt. But you're also looking at a hu...
2017-01-2717 min
White Coat Investor PodcastWCI #4: The Stealth IRA: A Health Savings Account May Be Your Best Retirement PlanThe Stealth IRA: A Health Savings Account May Be Your Best Retirement Plan Dr. Dahle teaches you everything you need to know about a Health Savings Account. An HSA can help cover health care costs and serve as a triple-tax-free, stealth IRA investment plan. Wondering if you should open one? Want to know the best way to spend your HSA money? Listen to this podcast for the answers. He also answers readers' questions about big financial advising firms versus small ones, commission salesmen versus actual financial advisors, and options for lowering your tax bill. Still no...
2017-01-2718 min
White Coat Investor PodcastWCI #3: How to Choose a Financial AdvisorHow to Choose a Financial Advisor Dr. Dahle helps you understand the financial advisor professional. What do those designations after their name mean? How do you choose a competent advisor that won't rip you off? What is a robo-advisor and should you use one? Listening to this podcast will help you answer all these questions and more. He also answers readers' questions about backdoor Roth IRAs and refinancing student loans multiple times. Do you ever find yourself wishing there was somewhere to go to ask your finance, insurance or investing questions? The White Coat Investor community is a great place to...
2017-01-2021 min
White Coat Investor PodcastWCI #2: Everything You Need to Know about Whole Life InsuranceEverything You Need to Know about Whole Life Insurance. Dr Dahle explains what it is, how it works, why you don't need it, and what to do if you have already purchased it. Dr. Dahle also addresses questions about inheriting individual securities and prioritizing extra money according to your personal investing statement. If you're looking to Boost Returns, Lower Taxes & Build Wealth, join the WCI monthly Real Estate Opportunities list for tips and strategies to maximize your real estate returns and for introductions to exclusive investment opportunities. Expect educational emails that introduce you to syndicators...
2017-01-1923 min
White Coat Investor PodcastWCI #1: Refinancing Student LoansWhat You Should Be Doing With Your Student Loans. Still have student loans at 6-8% interest? Not planning to go for PSLF? Dr. Dahle explains the reasons and process of refinancing your student loans to save yourself thousands of dollars. Also he includes a Q and A addressing topics such as if you should be driving an expensive car, opening an individual 401K, backdoor Roth IRAs, shopping for a mortgage, finding more tax protected space for investing, and investing in the market at all time highs. If you're like most doctors, nobody taught...
2017-01-1930 min
White Coat Investor PodcastThe White Coat Investor - Podcast TrailerHost, Dr. James Dahle, is a practicing emergency physician and founder of the White Coat Investor Blog. Like the blog, the White Coat Investor Podcast, is dedicated to educating medical students, residents, physicians, dentists, and similar high-income professionals about personal finance and building wealth, so they can ultimately be their own financial advisor—or, at least know enough to not get ripped off by a financial advisor! We tackle the hard topics like the best ways to pay off student loans, how to create your own personal financial plan, retirement planning, how to save money, investing in real estate, si...
2017-01-0500 min