White Coat Investor Podcast

WCI #127: Understanding the Mega Backdoor Roth IRA

10 Oct 2019

Contributed by Lukas

The Mega Backdoor Roth IRA allows you to contribute an additional amount into an Roth IRA due to the fact that some employer 401k plans allow after-ta...

WCI #126: How to Reduce your Investment Taxes with Phil DeMuth

03 Oct 2019

Contributed by Lukas

Every doctor and other high income earner wants to reduce their investment taxes. Our podcast guest, Phil DeMuth, is just the man to help you do that....

WCI #125: How to Rebalance Your Portfolio

26 Sep 2019

Contributed by Lukas

See the show notes for this episode at https://www.whitecoatinvestor.com. One listener asked about how to rebalance his portfolio. A lot of people sti...

WCI #124: Financial Advisors: The Good, The Bad, and The Ugly with Michael Kitces

19 Sep 2019

Contributed by Lukas

Michael Kitces is the brains behind Nerd's Eye View, https://www.kitces.com which I believe is the most widely read website aimed at educating financi...

WCI #123: Will the Politicians Cancel your Student Loan Debt?

12 Sep 2019

Contributed by Lukas

"Aren't all the Democratic candidates going to cancel student loan debt? I'll just wait, because if I pay them back and then they cancel them, I'm out...

WCI #122: Frugal Living with the Frugal Physician

05 Sep 2019

Contributed by Lukas

If you forgot to live like a resident for your first few years as an attending physician, it isn't too late. In this podcast episode I interview Dr. D...

WCI #121: What You Need to Know About Self-Employment Taxes

29 Aug 2019

Contributed by Lukas

Dealing with self employment taxes can be a little tricky. In this episode I discuss quarterly payments or a way to avoid making them if you have W2 i...

WCI #120: Medical Missionary Work

22 Aug 2019

Contributed by Lukas

Ever thought about doing a medical mission trip? My 15 year old daughter and I went to Honduras this summer to spend a week assisting in a local hospi...

WCI #119: How to Pay for College with Robert Farrington

15 Aug 2019

Contributed by Lukas

This episode we interview Robert Farrington, the founder of thecollegeinvestor.com, https://thecollegeinvestor.com/ where he provides lots of informat...

WCI #118: How Do I Claim a Foreign Tax Credit?

08 Aug 2019

Contributed by Lukas

If you invest in the total international stock market index you may be eligible for the foreign tax credit. As long as your foreign tax paid is less t...

WCI #117: Managing Healthcare Real Estate Properly

01 Aug 2019

Contributed by Lukas

Our guest is Collin Hart, managing director of ERE Healthcare Real Estate Advisors. His company is a real estate brokerage that specializes in represe...

WCI #116: Fix the Car or Buy a New One?

25 Jul 2019

Contributed by Lukas

I received a couple of questions about cars in the Facebook group https://www.whitecoatinvestor.com/facebookgroup and thought it would be interesting ...

WCI #115: How to Fix Your Investment Mistakes

18 Jul 2019

Contributed by Lukas

Unlike our typical shows where we answer questions people have pre-recorded, this episode will be a bit of a back and forth with a listener who had a ...

WCI #114: Should You Start a Group Practice Retirement Plan?

11 Jul 2019

Contributed by Lukas

Should you start a retirement plan for your office? When is it worth starting? What things should you consider? A practice retirement plan can help wi...

WCI #113: Dare to be Dull with Allan Roth

04 Jul 2019

Contributed by Lukas

"Always ask yourself, where can your portfolio go wrong? And if you can't come up with lots of different reasons, you probably are too overconfident o...

WCI #112: The Right Way to Borrow Money From Family

27 Jun 2019

Contributed by Lukas

A listener asked me how to prioritize loans from their parents. I am not a fan of borrowing money from family. I'd hate to owe money to my parents. Pa...

WCI #111: Investing in Airbnb Rentals with David Draghinas

20 Jun 2019

Contributed by Lukas

Dr. David Draghinas is probably best known in this community for his podcast, Doctors Unbound, https://www.doctorsunbound.com/ where he shares inspiri...

WCI #110: How Does the US Tax Foreign Investment Income?

13 Jun 2019

Contributed by Lukas

How does the US tax foreign investment income? Foreign income is taxed as ordinary income on your US tax return. No free lunch here, sorry. The places...

WCI #109: Passive Investing and Financial Advisory Fees with Rick Ferri

06 Jun 2019

Contributed by Lukas

Rick Ferri is a financial advisor and an accomplished author of 7 books related to investing. I consider him the heir apparent to Jack Bogle. In this ...

WCI #108: What is Value Averaging and How Does it Work

30 May 2019

Contributed by Lukas

What is Value Averaging and How Does it Work? It is an investing strategy that works like dollar cost averaging in terms of steady contributions, but ...

WCI #107: The Four Pillars of Investing with Bill Bernstein, MD

23 May 2019

Contributed by Lukas

I first met Bill Bernstein at the Bogleheads Conference in 2008. I was a Bernsteinhead before I was ever a Boglehead. The Four Pillars of Investing wa...

WCI #106: Financial Advice for Those Starting a Family

16 May 2019

Contributed by Lukas

We talk about tips for physicians starting a family in this episode. You have to realize it has dramatic changes on retirement dates - pretty easy to ...

WCI #105: How to Think About Money with Jonathan Clements

09 May 2019

Contributed by Lukas

Our guest this episode is Jonathan Clements, a previous WSJ columnist, the blogger behind HumbleDollar.com, and the author of 8 books (7 financial and...

WCI #104: Mistaking a Salesman for a Financial Advisor

02 May 2019

Contributed by Lukas

Many financial advisors are salesmen masquerading as financial advisors. You need to learn how to differentiate between the two so you make sure you a...

WCI #103: Reduce Burnout with the Physician Philosopher

25 Apr 2019

Contributed by Lukas

Our guest this episode is Jimmy of The Physician Philosopher blog. Jimmy is an anesthesiologist, an academic physician working full-time and living on...

WCI #102: How to Pay for a House

18 Apr 2019

Contributed by Lukas

There are lots of ways to pay for a home, 15 year mortgages, 30 year mortgages, fixed, ARMS, paying all cash. What is right for you? I answer listener...

WCI #101: When To Hire A Financial Planner

11 Apr 2019

Contributed by Lukas

When should you hire a financial planner? You don't have to know everything about finance to take care of your own finances. You only have to know the...

WCI #100: How To Get Rich as a Doctor

04 Apr 2019

Contributed by Lukas

Let's talk about How to Get Rich. First thing is to avoid getting poor. That means minimizing the cost of your education, making sure you match. Makin...

WCI #99: How to Break Up with Your Financial Advisor

28 Mar 2019

Contributed by Lukas

Two readers are on this week's episode, a dentist and an attending physician. Both are in the process of taking control of their money and moving on f...

WCI #98: A Discussion with a Resident and a Medical Student

21 Mar 2019

Contributed by Lukas

A resident listener and a medical school listener come on the podcast today to have their financial questions answered. Still not sure what to do with...

WCI #97: Realtors and Physician Mortgage Loans with Peter Kim of Curbside Real Estate

14 Mar 2019

Contributed by Lukas

Interview with Dr. Peter Kim, founder of Curbside Real Estate, addressing physician-specific issues encountered during the home buying process. We tal...

WCI #96: An Interview with Michelle Finkel of Insider Medical Admissions

07 Mar 2019

Contributed by Lukas

In this episode I interview Michelle Finkel. Dr. Finkel is a former Harvard Medical School faculty member with admissions experience and a board certi...

WCI #95: The Speakpipe is Working

28 Feb 2019

Contributed by Lukas

Lots of listener's voices on this episode. The speakpipe to record your questions is working well! I answer your colleagues questions about contributi...

WCI #94: Surgery Center Investments

21 Feb 2019

Contributed by Lukas

I'm often asked questions about investing in a surgery center but it is something that I have no experience with. So I brought on someone who does hav...

WCI #93: Being a Military Physician

14 Feb 2019

Contributed by Lukas

Dr. Schofer is board certified in EM and currently serves in the U.S. Navy. Whenever I write anything inaccurate about being a military doctor he is g...

WCI #92: Private Real Estate Funds

07 Feb 2019

Contributed by Lukas

Over the years, I've invested across the entire spectrum of real estate investments, from owning and managing an individual property and its tenant to...

WCI #91: Becoming Your Parent's Financial Advisor

31 Jan 2019

Contributed by Lukas

"As a young attending who has put into effect the many themes presented by the WCI, how would you recommend I go about helping my parents get into a b...

WCI #90: An Interview with Physician on Fire and Passive Income MD

24 Jan 2019

Contributed by Lukas

Your three favorite physician finance bloggers all in one podcast again! WCI, PIMD, and PoF answer listener questions in this episode ranging from who...

WCI #89: State of the Podcast

17 Jan 2019

Contributed by Lukas

It is a tradition at The White Coat Investor to update the members of our community on the progress made in the last year. As usual, last year was our...

WCI #88: Interview with Crispy Doc

10 Jan 2019

Contributed by Lukas

In this episode I speak with Crispy Doc, a financially independent emergency physician in his mid-40s, married with kids, living in coastal California...

WCI #87: The White Coat Investor Philosophy

03 Jan 2019

Contributed by Lukas

I'm often asked "where should I start with the podcasts." I thought for our first podcast of 2019 that I'd lay out the WCI philosophy, so if someone a...

WCI #86: Legacy Holdings in Taxable Account

27 Dec 2018

Contributed by Lukas

A listener emailed me who is lucky enough to get a generous gift every year from their grandparents of $14,000 in stocks. The stock is all from a sing...

WCI #85: The Real Life Financial Experience of a Young Periodontist

20 Dec 2018

Contributed by Lukas

In this episode I speak with a young periodontist about his finances. He is doing great, having already paid off all his student loans relatively quic...

WCI #84: Bonds in a Rising Interest Rate Environment

13 Dec 2018

Contributed by Lukas

I was asked for some good strategies for investing in bonds in a rising interest rate environment. This episode I discuss short term, money market fun...

WCI #83: Teaching Personal Finance to Students and Residents with Jason Mizell

06 Dec 2018

Contributed by Lukas

Dr. Jason Mizell has been teaching a personal finance and investing course at his academic institution for medical students and residents for several ...

WCI #82: Nearing Retirement

29 Nov 2018

Contributed by Lukas

One listener felt a lot of my podcasts are geared toward the younger physician. She really wanted to know more about investing as she nears retirement...

WCI #81 - Medicine and Finance in the UK with Dr. Nikki Ramskill

22 Nov 2018

Contributed by Lukas

Ever wondered what is was like to practice medicine in the UK? It is fascinating to see the differences in medicine and physicians' finances between t...

WCI #80: Answering Listener Questions

15 Nov 2018

Contributed by Lukas

This episode is choke full of listener questions from should you get a retirement plan for your employees to revocable trusts to the age old questions...

WCI #79: Sorting Out An Academic Doc's Finances

08 Nov 2018

Contributed by Lukas

This episode I interview an academic doctor about her finances. She is in the process of firing her financial advisor and becoming a do-it-yourselfer....

WCI #78: Cash Balance Plans

01 Nov 2018

Contributed by Lukas

A cash balance plan is a type of defined benefit plan (pension) that acts like a defined contribution plan (401K). When private companies were trying ...

WCI #77: Investing in Online Businesses - An Interview with Gregory Elfrink from Empire Flippers

25 Oct 2018

Contributed by Lukas

Investing in online businesses is a relatively new asset class for most investors. But can be a great place to invest some of your portfolio. If you e...

WCI #76: Good Debt and Bad Debt

18 Oct 2018

Contributed by Lukas

Is there such thing as good debt and bad debt? Is it good to carry some form of debt for your credit score? Is buying things on a credit card and then...

WCI #75: Increasing Your Primary Care Income - An Interview with Doc G from DiverseFI.com

16 Oct 2018

Contributed by Lukas

Doc G of DiverseFI.com shares with us how he increased his primary care income to almost 7 figures. I have always been impressed that the intraspecial...

WCI #74: Public Service Loan Forgiveness

04 Oct 2018

Contributed by Lukas

It has been ten years since the Public Service Loan Forgiveness Program was created. The first people are up for loan forgiveness. So what happened? D...

WCI #73: Raising Exceptionally Talented Children

27 Sep 2018

Contributed by Lukas

Dr. Dahle interviews Dr. Champeaux in this episode about her experience raising an exceptionally talented son, a tennis player. But we also really del...

WCI #72: Why Bonds?

20 Sep 2018

Contributed by Lukas

Why should you invest in bonds at all? Especially if you are young or fresh out of training and could tolerate any changes in the stock market? I addr...

WCI #71: An Interview with Nii Darko from Docs Outside the Box

13 Sep 2018

Contributed by Lukas

In this episode Dr. Dahle talks with Nii Darko from Docs Outside the Box. Docs Outside the Box podcast brings stories of ordinary doctors doing extrao...

WCI #70: Stuff I Don't Invest In

06 Sep 2018

Contributed by Lukas

In this episode Dr. Dahle discusses all the things he doesn't invest in like precious metals, individual stocks, actively managed mutual funds, curren...

WCI #69: An Interview with Carrie Reynolds from Hippocratic Hustle

30 Aug 2018

Contributed by Lukas

I interview Carrie Reynolds today from The Hippocratic Hustle Podcast. She developed The Hippocratic Hustle Podcast to create a space where women doct...

WCI #68: Moonlighting and Side Gigs

23 Aug 2018

Contributed by Lukas

We discuss moonlighting and everything a doctor needs to know about this extra source of income. We also talk about side gigs for high income professi...

WCI #67: An Interview with Passive Income MD and Physician on Fire

16 Aug 2018

Contributed by Lukas

Your three favorite physician finance bloggers all in one podcast! WCI, PIMD, and PoF answer listener questions in this episode ranging from how they ...

WCI #66: Long Term Care Insurance

09 Aug 2018

Contributed by Lukas

Long term care insurance, cancer supplemental insurance, disability insurance - it is all covered in this episode as well as answering listener questi...

WCI #65: An Interview with Coach Carson

02 Aug 2018

Contributed by Lukas

This episode is an interview with Coach Carson who provides practical and approachable education and empowerment concerning investing in real estate. ...

WCI #64: Dealing with Inflation

26 Jul 2018

Contributed by Lukas

Do you take inflation into consideration when you create your "retirement day financial goal"? This and more listener questions about military medicin...

WCI #63: Hate Mail and a Disclosure

19 Jul 2018

Contributed by Lukas

Dr. 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 quest...

WCI #62: An Interview with Vagabond MD

12 Jul 2018

Contributed by Lukas

Dr. Dahle and Vagabond MD, an active participant in the WCI forum, providing many readers with needed financial information, discuss what he teaches n...

WCI #61: All About Residents

05 Jul 2018

Contributed by Lukas

Dr. Dahle talks about everything that a resident needs to know in this episode, from managing student loans, to housing, to retirement accounts, etc. ...

WCI #60: An Interview with Ryan Gray from Medical School Headquarters

28 Jun 2018

Contributed by Lukas

Dr. Dahle and Dr. Gray discuss relevant premed topics in this episode to help those thinking medical school is for them to receive the information the...

WCI #59: Is Dr. Mike Meru Crazy?

21 Jun 2018

Contributed by Lukas

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 ...

WCI #58: Interview with Sarah Catherine Gutierrez from Aptus Financial

14 Jun 2018

Contributed by Lukas

Dr. Dahle interviews Sarah Catherine Gutierrez from Aptus Financial in this episode. They talked about how she got into the financial advising world, ...

WCI #57: Questions from Doctors Doing Well and Doctors in Trouble

07 Jun 2018

Contributed by Lukas

Dr. Dahle answers listeners' questions in this episode about disability insurance, lending money to family, student loan management, backdoor Roth IRA...

WCI #56: An Interview with Mike Piper from the Oblivious Investor

31 May 2018

Contributed by Lukas

In 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 the...

Bonus Episode: WCI Conference Video Course

28 May 2018

Contributed by Lukas

Bonus Episode! On March 1-3, 2018, 300 physicians, dentists, and other high income professionals met in Park City, Utah for the first-ever Physician W...

WCI #55: Basics of Investing

24 May 2018

Contributed by Lukas

Sometimes investing hobbyists like myself, especially after a decade or more of investing, assume everybody knows the basics of investing. Occasionall...

WCI #54: Asset Protection

17 May 2018

Contributed by Lukas

This episode is about asset protection. We discuss what you can do to better protect your assets like houses, taxable accounts, real estate, etc. Plus...

WCI #53: Tax Cut and Jobs Act Pass Through Deduction

13 May 2018

Contributed by Lukas

There is a new deduction for pass-through businesses such as sole proprietorships, LLCs, and S corporations. However, this deduction is specifically l...

WCI #52: An Interview with Lara McElderry from Married to Doctors

03 May 2018

Contributed by Lukas

In this episode I interview Lara McElderry from the Married to Doctors podcast. Some might find that being married to a doctor isn't as glamorous as s...

WCI #51: Another Visit to Whole Life Insurance Land

26 Apr 2018

Contributed by Lukas

I would like to say "don't ever buy whole life insurance" and leave it at that but that just isn't the case. In this episode we revisit whole life ins...

WCI #50: An Interview with Paul Merriman

19 Apr 2018

Contributed by Lukas

In this episode I interview Paul Merriman. He is best known for his work, a large percentage of which is done on a volunteer basis, educating the indi...

WCI #49: Tales From my Email Box

12 Apr 2018

Contributed by Lukas

This episode is full of listeners' and readers' questions. Dr. Dahle talks about lifetime limits on retirement accounts and 529 plans, Backdoor Roth I...

WCI #48: Choose Financial Independence

05 Apr 2018

Contributed by Lukas

Dr. Dahle interviews Brad and Jonathan from the ChooseFI podcast. They discuss many different aspects of financial independence. The White Coat Invest...

WCI #47: Staying the Course, Stock Purchase Plans, and TSP Loans

29 Mar 2018

Contributed by Lukas

In this episode Dr. Dahle answers listeners' questions about staying the course with your investing, stock purchase plans, and TSP Loans. If you are f...

WCI #46: The Happy Philosopher

22 Mar 2018

Contributed by Lukas

WCI interviews The Happy Philosopher in this episode discussing physician burnout and what can be done about it. Still not sure what to do with your s...

WCI #45: Interview with Curbside Real Estate

15 Mar 2018

Contributed by Lukas

I am continually fascinated by the burning desire among graduating medical students and even residents, and particularly their spouses, to purchase a ...

WCI #44: Complicated Aspects of 401(k)s

08 Mar 2018

Contributed by Lukas

There are complicated aspects of 401(k)s. Many of these are discussed in this episode as we answer listeners' questions about their 401(k)s. If you're...

WCI #43: Merger Arbitrage with Peter Steinberg MD

01 Mar 2018

Contributed by Lukas

WCI and Dr. Steinberg discuss merger arbitrage. Now, this is a technique that hedge fund managers have done for some time, with varying amounts of suc...

WCI #42: Buy One Property A Year

22 Feb 2018

Contributed by Lukas

In this episode I discuss the concept of buying one property a year as a path to wealth and financial independence. Remember this isn't required for a...

WCI #41: Getting A Second Opinion

15 Feb 2018

Contributed by Lukas

In the medical world, it is routine to get a second opinion. The more serious the condition, the more likely a patient will seek a second opinion. Mos...

WCI #40: Physician on Fire Update

08 Feb 2018

Contributed by Lukas

Physician on Fire and WCI discuss his transition to part time work, his safe withdrawal rate, and slow traveling with his family. They also answer man...

WCI #39: Five Questions on SERPs, New Tax Law, Inherited IRAs, and Gifts

01 Feb 2018

Contributed by Lukas

Dr. Dahle answers listeners' questions in this episode. He covers questions about SERPs, the new tax law, inherited IRAs, and gifts. At some point in ...

WCI #38: Bitcoin, Prenups, and Investing vs Paying off Debt

25 Jan 2018

Contributed by Lukas

In this episode Dr. Dahle answers listeners' questions about bitcoin, prenups, and whether you should be investing or paying off debt. I estimate that...

WCI #37: Introducing the WCI Online Course: Fire Your Financial Advisor

18 Jan 2018

Contributed by Lukas

This episode is an introduction to the new WCI course, Fire Your Financial Advisor! Over the years that I've been helping doctors and other high incom...

WCI #36: Interview with Nathaniel Minnick, DO

11 Jan 2018

Contributed by Lukas

Dr. 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 t...

WCI #35: Interview with Jordan Goodman from Money Answers

04 Jan 2018

Contributed by Lukas

This show is an interview with Jordan Goodman, "America's Money Answers Man" and a "nationally-recognized expert" on personal finance. We discuss hard...

WCI #34: Good Investing is Boring Investing

28 Dec 2017

Contributed by Lukas

This episode is a bit of a "back to basics" show. Mutual funds make up the majority of my investment portfolio and I think that should be the case for...

WCI #33: Questions from Medical Students

21 Dec 2017

Contributed by Lukas

Dr. 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 discu...

WCI #32: Passive Income MD

14 Dec 2017

Contributed by Lukas

We have a special guest in this episode, Passive Income M.D. He's the newest addition to the White Coat Investor Network, which is a network of physic...

WCI #31: Alternative Investments with Dr. Meadows

07 Dec 2017

Contributed by Lukas

Alternative Investments with Dr. Meadows Our guest on this episode is Dr. Kenyon Meadows, a radiation oncologist who practices in Georgia. He recently...

WCI #30: How to Invest at All Time Highs

30 Nov 2017

Contributed by Lukas

How to Invest at All Time Highs Our topic on the podcast today is how to invest at all time highs. This is a question I've been hearing a lot lately b...

WCI #29: Tax Reform Bill in Congress

16 Nov 2017

Contributed by Lukas

Tax Reform Bill in Congress We are talking about taxes today and specifically about the tax bills bouncing around in Congress. Now obviously these are...