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October 10, 2019
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-tax contributions. See the full transcription at https://www.whitecoatinvestor.com/classic-blog/ Our podcast today is sponsored by one of my favorite partner companies, Earnest at https://www.whitecoatinvestor.com/refi Save money on your student loans by refinancing with Earnest. Check out Earnest today and get $500 cash back when you refinance.
October 3, 2019
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. See the full transcription at https://www.whitecoatinvestor.com/ Contract Diagnostics http://contractdiagnostics.com/ is a long-term advertiser with us here at WCI. I love this company as they’ve helped hundreds of WCI get a ‘fair shake’ when it comes to reviewing and understanding their employment contracts – its 100% they do there. 888-574-5526.
September 26, 2019
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 still get confused about this. Our sponsor today is Earnest, https://www.whitecoatinvestor.com/refi one of the student loan refinancing companies. Save money on your student loans by refinancing with Earnest.
September 19, 2019
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 financial advisors in the world. See the show notes at https://www.whitecoatinvestor.com/financial-advisors-the-good-the-bad-and-the-ugly-with-michael-kitces-podcast-124 This episode is sponsored by Set for Life Insurance. https://www.setforlifeinsurance.com/ Contact Jamie at Set for Life Insurance today.
September 17, 2019
Host, 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! Learn more at http://whitecoatinvestor.com/
September 12, 2019
Should people be changing their student loan plan based on the discussion of canceling and forgiving loans that politicians are currently having? See show notes at https://www.whitecoatinvestor.com/will-the-politicians-cancel-your-student-loan-debt-podcast-123/ Our podcast today is sponsored by one of my favorite partner companies, Earnest. Save money on your student loans by refinancing with Earnest. Go to www.whitecoatinvestor.com/refi to get $500 cash back when you refinance with Earnest.
September 5, 2019
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. Disha Spath, of the https://www.thefrugalphysician.com/ who did just that. Choosing to be generally frugal and selectively extravagant will help you build wealth and live the life you want This episode is sponsored by https://www.setforlifeinsurance.com/ Set for Life Insurance was founded by President, Jamie K. Fleischner, CLU, ChFC, LUTCF Contact Jamie today
August 29, 2019
Dealing with self employment taxes can be tricky. In this episode I discuss quarterly payments or a way to avoid making them if you have W2 income as well to avoid penalties by being in the safe harbor. See the show notes at https://www.whitecoatinvestor.com/ Today’s episode is sponsored by CommonBond. http://commonbond.co/wci CommonBond has worked with thousands of doctors to help them refinance their student loans, save money, and get out of debt more quickly. Head over to claim your $550 bonus.
August 22, 2019
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 hospital. https://www.speakpipe.com/whitecoatinvestor This podcast is sponsored by Pattern Financial Consultancy. Contact Matt today at Pattern at https://whitecoatinvestor.com/pattern Be sure to sign up for our newsletter at https://www.whitecoatinvestor.com/free-monthly-newsletter/
August 15, 2019
This episode we interview Robert Farrington, the founder of thecollegeinvestor.com, https://thecollegeinvestor.com/ where he provides lots of information for young investors, for indebted people with student loans, and millennials in particular.To find the best deals for refinancing your student loans go to https://www.whitecoatinvestor.com/student-loan-refinancing/ This episode is sponsored by Set for Life Insurance https://www.setforlifeinsurance.com/
August 8, 2019
If you invest in the total international stock market index you may be eligible for the foreign tax credit. See the show notes at https://www.whitecoatinvestor.com/ This episode is sponsored by Locumstory. Have you ever wondered about a different way of practicing medicine? Go to https://www.whitecoatinvestor.com/locumstory and get the answers. Make sure you sign up for the monthly newsletter at https://www.whitecoatinvestor.com/free-monthly-newsletter/
August 1, 2019
Our guest is Collin Hart, managing director of ERE Healthcare Real Estate Advisors. In this episode we talk about when a physician should buy vs rent their practice space. Check out the special WCI deals for refinancing. https://www.whitecoatinvestor.com/student-loan-refinancing/ https://whitecoatinvestor.teachable.com/p/fire-your-financial-advisor This episode was sponsored by Alexis Gallati of Gallati Professional Services http://www.gallatitax.com/.
July 25, 2019
I received a couple of questions about cars in the Facebook group https://www.whitecoatinvestor.com/facebookgroup and thought it would be interesting to compare and contrast them. See the show notes for more information at https://www.whitecoatinvestor.com/ This podcast is sponsored by Sofi https://www.whitecoatinvestor.com/Sofi a long time White Coat Investor partner.
July 18, 2019
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 lot of questions. Show notes at https://www.whitecoatinvestor.com/ This episode is sponsored by Alexis Gallati of Gallati Professional Services. Visit Alexis’ website at https://www.gallatitax.com/ today. https://www.whitecoatinvestor.com/scholarship/ Submit essays to scholarship@whitecoatinvestor.com https://www.whitecoatinvestor.com/BootcampAudible
July 11, 2019
Should you start a retirement plan for your office? When is it worth starting? What things should you consider? https://www.speakpipe.com/whitecoatinvestor. See this episode's show notes at https://www.whitecoatinvestor.com/ This episode is sponsored by Earnest. Save money on your student loans by refinancing with Earnest at https://www.whitecoatinvestor.com/earnest. Check out our updated Reddit page at https://www.whitecoatinvestor.com/reddit https://www.whitecoatinvestor.com/financial-advisors/
July 4, 2019
"Your investing should be very, very boring." Allan Roth shares lots of wisdom like this in this episode. Read the show notes at https://www.whitecoatinvestor.com/ If you are in need of financial planning or advice, check out our recommended list of financial advisors at https://www.whitecoatinvestor.com/financial-advisors/ This episode was sponsored by Bob Bhayani at https://drdisabilityquotes.com/. Contact Bob today by email at info@drdisabilityquotes.com or by calling (973) 771-9100.
June 27, 2019
A listener asked me how to prioritize loans from their parents. We get into more details about borrowing money from family in this episode. Check out the show notes for this episode at https://www.whitecoatinvestor.com/ This episode is sponsored by the Origin Income Plus Fund, a diversified private real estate fund targeting a total annual return of 9 to 11%. Learn more by visiting www.originincomeplus.com/wci. Become a member of the Facebook group at https://www.facebook.com/groups/whitecoatinvestors/
June 20, 2019
Dr. David Draghinas is probably best known in this community for his podcast, Doctors Unbound, https://www.doctorsunbound.com/ where he shares inspiring stories about doctors doing extraordinary things. https://www.whitecoatinvestor.com/ Registration for WCICON20 opens at 7pm MST on July 8th. https://www.facebook.com/groups/whitecoatinvestors/ I'd like to thank this episode's sponsor, Origin Investments. Learn more by visiting www.originincomeplus.com/wci.
June 13, 2019
How does the US tax foreign investment income? Foreign income is taxed as ordinary income on your US tax return. The places that are paying higher interest rates are generally expected to depreciate against the dollar. So should you invest in foreign currency trading? Listen to this episode to learn more. Find detailed show notes and links to everything discussed in this episode at https://www.whitecoatinvestor.com/ Registration for WCICon20 starts at 7:00 PM Mountain Time on Monday, July 8th.
June 6, 2019
Episode #109 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 interview we discuss passive investing and why you should be investing in index funds. As well as financial advisory fees and negotiating those fees with your advisor.
May 30, 2019
Episode #108 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 differs in its approach to the amount of each contribution. My problem with it is mainly the side fund, the complexity and the extra work. I realized pretty early on I didn’t need to do that to reach my goals but I discuss how to do it in this episode if that is something you want to try.
May 23, 2019
Episode #107 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 was certainly one of the first good books on investing I ever read and had a huge influence on my financial outlook. This interview with Dr. Bernstein is chalk full of so much financial wisdom that every investor should know.
May 16, 2019
Episode #106 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 FIRE without kids. Kids not only introduce additional expenses but can also change your lifestyle. It is a big decision. What do you want out of your life?
May 9, 2019
Episode #105 Our guest this episode is Jonathan Clements, a previous WSJ columnist and an author. From Jonathan, "There are those who think the goal of investing is to beat the market and amass as much wealth as possible, that street smarts and hard work ensure investment success, and that the road to happiness is paved with more of everything. And then there are those who get it. Want a more prosperous, less stressful financial life?" Listen to this episode.
May 2, 2019
Episode #104. Many financial advisors are salesmen masquerading as financial advisors. You need to learn how to differentiate between the two so you make sure you are getting good advice at a fair price. In this episode you can learn how to to do that as well as how to move away from your salesman financial advisor if you find yourself working with one.
April 25, 2019
#103: Reduce Burnout with the Physician Philosopher Our guest this episode is Jimmy of The Physician Philosopher blog. Despite his youth, he already has some impressive personal finance experience; he increased his net worth by 1/4 of a million dollars in his first year out of training and paid off $200,000 in student loans in 19 months. He clearly knows how to Live Like a Resident. But it is his focus on balance, contentment, burnout, life design, and living intentionally that we focus on today.
April 18, 2019
Episode #102. 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 questions in this episode about buying a house and the right way to pay for it.
April 11, 2019
Episode #101 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 parts that apply to you. The amount of knowledge you have to assemble in order to do your own financial planning and investing can be surprisingly minimal. But there are a lot of ways a financial planner can help you. We discuss these ways and when it would be smart to hire professional help with your finances in this episode.
April 4, 2019
Episode #100 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. Making sure you get through your training. That doctor income is going to fuel your wealth creation. Even if you end up with a great side gig or become a real estate mogul, the doctor income is going to kick that off. It’s the cash cow. So make sure you get it. In this episode we discuss the other steps to becoming rich as a doctor.
March 28, 2019
Episode #99. 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 from their financial advisors. I have no problem whatsoever with using an advisor, so long as the advisor charges a fair price for good advice. If the advisor charges too much, or gives bad advice you should fire them. You can then either hire a good advisor, or become your own financial advisor.
March 21, 2019
Episode #98. A resident listener and a medical school listener come on the podcast today to have their financial questions answered.
March 14, 2019
Episode #97: Interview with Dr. Peter Kim, founder of Curbside Real Estate, addressing physician-specific issues encountered during the home buying process. We talk about how to avoid the most common mistakes doctors make when buying a home and how Curbside can save you time, money and stress.
March 7, 2019
96: In this episode I interview Dr. Finkel , a former Harvard Medical School faculty member with admissions experience and a board certified emergency physician. She started Insider Medical Admissions to use her experience to guide clients through the medical admissions process successfully. She has helped well over a thousand clients from the strongly competitive to the sink or swim candidate successfully gain access to medical school. If you are looking at medical school this episode is for you.
February 28, 2019
Lots of listener's voices on this episode. The speakpipe to record your questions is working well! I answer your colleagues questions about contributing to a Roth IRA for those married filing separately, taking out a 401(k) loan, funding HSAs, when it makes sense to file as an S Corp, exchanging an annuity, and more.
February 21, 2019
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 have experience as well as a doctor that is just at the beginning of the surgery center investment in his career to discuss this type of opportunity, the pros and cons, and what you should be looking for when given the opportunity to invest.
February 14, 2019
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 gracious enough to set me straight. He has been a valuable resource to the WCI community and anyone who has ever thought about doing military medicine would do well to listen to this interview. There are a lot of unique aspects of practicing medicine in the military and we cover them in this episode.
February 7, 2019
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 buying and holding a REIT index fund. This has included investments with half a dozen crowdfunding sites, some individual syndicated investments bought directly from the syndicator and private real estate funds. Over time, I’ve gravitated more and more toward the real estate funds. In this episode I discuss the reasons why.
January 31, 2019
"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 better financial situation?" This is the main listener question I answer in this week's episode. Tread lightly if you are thinking about taking on the role of financial advisor to your parents. I explain many things you should think about before doing this.
January 24, 2019
Your three favorite physician finance bloggers all in one podcast again! WCI, PIMD, and PoF answer listener questions in this episode ranging from who is the funniest and is curling a real sport? To backdoor Roth IRAs, investing in real estate vs index funds, and what are the most important financial topics to teach new physicians. Plus lots more questions. You will find it informative and entertaining.
January 17, 2019
It is a tradition at WCI to update the members of our community on the progress made in the last year. Thanks to all of you who have even the tiniest amount of responsibility for the success. If you told even one person about the site or book or podcast, answered one question on the forum or Facebook group, or used the site to find a financial service provider you needed, THANK YOU. In this episode I talk about the state of the podcast in terms of the three missions of The White Coat Investor:
January 10, 2019
In this episode I speak with Crispy Doc, a financially independent emergency physician in his mid-40s, married with kids, living in coastal California. We discuss his mid-career burnout and how it was transformed by financial literacy. He learned to manage his investments. He saved aggressively using smart strategies tailored to high-income professionals. As financial independence came he found that instead of wanting out of medicine he became more satisfied in his career.
January 3, 2019
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 asks “what podcast should I start with?” you can confidently say #87. In this episode I discuss the 12 Steps of the WCI philosophy. Listening to this episode will help people to understand the basics of personal finance and investing for high income earners.
December 27, 2018
A listener emailed me who is lucky enough to get a generous gift every year from their grandparents of $14,000 in stocks. He wanted to know what I thought they should do with it. I address what to do with individual stocks in your taxable account, the pros and cons of selling them vs keeping them as a legacy holding in your portfolio in this episode.
December 20, 2018
This is an interview with a young periodontist about his finances. Like many of the WCI listeners he started out with a financial advisor that tried to sell him insurance that wasn't right for him. He is saving for a house down payment, upgrading a beater car from dental school, saving to buy a practice, and of course, saving for retirement. Lots of competing uses for his money. He has all the same challenges his young physician counterpart has and there is something for most to learn in this episode.
December 13, 2018
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 funds, inflation adjusted, and stable value funds. But don’t extrapolate the past into the future. Interest rates may go up, down, or stay flat. I don't have a working crystal ball. So I prefer a fixed asset allocation strategy.
December 6, 2018
Dr. Jason Mizell has been teaching a personal finance and investing course at his academic institution for medical students and residents for several years. It is inspiring to see what he has created and the difference he is making in the lives of these trainees.
November 29, 2018
A common misconception is that someone nearing retirement should do something dramatically different than a 25 year old. Bear in mind a typical 55 year old still has a 30 year investing career. The right investments for a 55 year old are exactly the same as the ones for a 25 year old. But perhaps the mix will be a little different. Learn more in this podcast episode.
November 22, 2018
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 the States and those practicing in England. Dr. Ramskill walks us through the training, practicing, and finances of British physicians.
November 15, 2018
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 of why bonds and investing vs paying off debt.
November 8, 2018
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. We talk about what accounts she has, asset allocation, 529s, dealing with capitol gains in her taxable accounts, and more. If you have ever thought of becoming a do-it-yourselfer this episode is for you. It isn't that hard and we will help you successfully manage your finances.
November 1, 2018
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 to get rid of their expensive pension plans, many of them converted their pension plans into cash balance plans, since they cost the company less. It provides an option for a physician or similar professional to shelter some more money from Uncle Sam. In this episode we discuss how they work.
October 25, 2018
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 ever wondered how do you invest in websites this episode is for you. Gregory Elfrink from Empire Flippers walks us through the process of buying an online business and gives us the ins and outs of this asset class.
October 18, 2018
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 paying it off each month accumulating good debt/credit? Listen to this episode if you have ever had questions like that. But I will give you a hint. Debt is debt. And it costs you money.
October 16, 2018
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 intraspecialty income differences are so dramatic compared to the interspecialty income differences. Even if you are in one of the lower paying specialties, there are things you can do to increase your income.
October 4, 2018
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? Did they get loan forgiveness? How will this affect your quest for loan forgiveness? Listen to this episode and all your questions will be answered and your fears calmed.
September 27, 2018
I interview 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.
September 20, 2018
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 address this question and more in today's episode.
September 13, 2018
In this episode I talk 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.
September 6, 2018
In this episode I discuss all the things I don't invest in like precious metals, individual stocks, actively managed mutual funds, currencies, bitcoin, start-ups/angel investing, commodities, options, or insurance.
August 30, 2018
I interview Carrie Reynolds today from The Hippocratic Hustle Podcast. She developed The Hippocratic Hustle Podcast to create a space where women doctors can come together and share their stories of their business, project or side-hustle, to explore ways to stretch your hard earned dollars and be more efficient with your time and money.
August 23, 2018
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 professionals in this episode.
August 16, 2018
Your three favorite physician finance bloggers all in one podcast! WCI, PIMD, and PoF answer listener questions in this episode ranging from how they prefer their chicken wings to how to help your colleagues learn to manage their money better. They discuss REITs vs buying rental property, getting on the same financial page with your spouse, and whether they would encourage their children to go into medicine. Plus lots more questions. You will find it informative and entertaining.
August 9, 2018
Long term care insurance, cancer supplemental insurance, disability insurance - it is all covered in this episode as well as answering listener questions.
August 2, 2018
This episode is an interview with Coach Carson who provides practical and approachable education and empowerment concerning investing in real estate. He wants to help listeners win financially so that you can do what matters in your life.
July 26, 2018
Do you take inflation into consideration when you create your "retirement day financial goal"? This and more listener questions about military medicine, paying AUM fees, buying health insurance, and student loan management are addressed in this episode.
July 19, 2018
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 questions about student loans, delaying tax filing, annuities, and how much disability insurance you need.
July 12, 2018
Dr. 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.
July 5, 2018
Dr. 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.
June 28, 2018
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 they need. Dr. Gray desire is to guide medical school applicants through the admissions process and simplify the process.
June 21, 2018
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.
June 14, 2018
Dr. 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.
June 7, 2018
Dr. 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.
May 31, 2018
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 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.
May 28, 2018
Bonus Episode! Physicians, dentists, and other high income professionals met in Park City, Utah for the first-ever Physician Wellness and Financial Literacy Conference. It was a wonderful time with 12 hours of lectures, a panel of physician financial bloggers, and a book signing event. The lectures and blogger panel were recorded and compiled with slides into this online course, which is now made available to you to watch on any device at any time convenient to you.
May 24, 2018
Sometimes investing hobbyists like myself, especially after a decade or more of investing, assume everybody knows the basics of investing. Occasionally, I am starkly reminded that is not the case. Today, I’d like to just go on record about what I think everyone should have learned in Investing 101. Learn it from me or learn it in the school of hard knocks, but you will learn it.
May 17, 2018
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 of course answer listener question about backdoor Roth IRAs, PSLF, marijuana, and cash flow banking.
May 13, 2018
There is a new deduction for pass-through businesses such as sole proprietorships, LLCs, and S corporations. However, this deduction is specifically limited for physicians and similar professionals who have a taxable income of more than $157,500 ($315,000 if married). This episode we talk about the Tax Cut and Jobs Act pass through deduction as well as answer a whole bunch of questions from readers.
May 3, 2018
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 society assumes. Having a physician spouse and having a strong relationship can be difficult. It is common to feel resentment, friction, and stress in your relationship despite how much you love each other. Lara's mission statement is simple, "Making Successful Homes Happier." We talk about how to do that in this episode.
April 26, 2018
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 insurance and discuss some situations in which you may want to buy or keep the policy you were already sold.
April 19, 2018
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 individual investor. I told him when we were lining this up that he was a controversial figure in the Bogleheads community, not only for his advocacy of a tilted portfolio, but also the trend following bit, so we focus heavily on that today.
April 12, 2018
This 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.
April 5, 2018
Dr. Dahle interviews Brad and Jonathan from the ChooseFI podcast. They discuss many different aspects of financial independence.
March 29, 2018
In this episode Dr. Dahle answers listeners' questions about staying the course with your investing, stock purchase plans, and TSP Loans.
March 22, 2018
WCI interviews The Happy Philosopher in this episode discussing physician burnout - what it is, how it affects you, and what can be done about it.
March 15, 2018
I am continually fascinated by the burning desire among graduating medical students and even residents to purchase a home as soon as is humanly possible. I try to talk them out of it but I know many will do it anyway. I'm often asked for referrals for realtors that work frequently with physicians. I want you to buy the right house at the right time. This episode introduces a new WCI partner, Curbside Real Estate, that can help you buy your home when the time is right.
March 8, 2018
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.
March 1, 2018
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 success. Dr. Steinberg shares his experience with us. Critics say merger arbitrage has a limited upside and a huge downside. Listen to learn more.
February 22, 2018
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 high income professional. But it is an alternate path and quite likely a little faster, but more risky, path to financial independence.
February 15, 2018
In the medical world, it is routine to get a second opinion. However, in the world of financial advisors, a second opinion is rare and some advisors are personally offended by it. It shouldn’t be any big deal to have one of your clients go pay for an hour or two of someone’s time to make sure you’re not doing anything too crazy with their money. If you’ve never had a second opinion, I highly recommend it and will discuss ways to get that second opinion on your financial plan.
February 8, 2018
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 many listeners' questions.
February 1, 2018
Dr. Dahle answers listeners' questions in this episode. He covers questions about SERPs, the new tax law, inherited IRAs, and gifts.
January 25, 2018
In this episode Dr. Dahle answers listeners' questions about bitcoin, prenups, and whether you should be investing or paying off debt.
January 18, 2018
This course is for you. 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. This course will take you from feeling anxious and having no plan to having a written financial plan you can follow the rest of your investing career as a professional and a retiree.
January 11, 2018
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 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.
January 4, 2018
This show is an interview with Jordan Goodman. We discuss hard money loans, mortgage acceleration, investing in life settlements, and bitcoin. There is now a lengthy discussion at the end that I added in December 2018 where I mention some of the things in the podcast that I think Mr. Goodman got wrong as well as some of the conflicts of interest that weren't mentioned by him in the podcast. So make sure you listen to the end.
December 28, 2017
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 most investors out there. Get rich once, get rich slowly. Good investing is boring investing.
December 21, 2017
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 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.
December 14, 2017
We want you to live the life that you want, practice how you want, have the time to spend with your loved ones, and not worry about money. Passive Income MD shares some of his forms of passive income in this episode and discusses how others can open up these streams of revenue for themselves.
December 7, 2017
Along with Dr. Meadows we are discussing our experiences investing in stuff that isn’t stock and bond index funds. Now regular listeners know that I also invest in “alternatives,” although only about 15% of my portfolio is invested in something besides index funds. So far it has been a pretty good experience.
November 30, 2017
How to invest at all time highs? This is not a new question. The market has been going up for a long time and it will eventually go down. And you need an investment plan that can handle that. In this episode you will learn what you need to do to successfully invest when the market is at an all time high and when it eventually goes down.
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