White Coat Investor Podcast

Can you access retirement money before age 59.5 without penalty? In this episode of The White Coat Investor Podcast, we discuss the Rule of 55 retirement strategy and how it may allow certain investors to access retirement funds earlier than expected. We also answer listener questions about the risks of linking financial accounts to budgeting apps like YNAB⁠, strategies for optimizing Trump accoun...

What is the real purpose of building wealth? In this Milestones to Millionaire episode, we meet a physician who reached $1 million in investable assets, but a serious health scare involving his wife changed how their family thinks about money, saving, and enjoying life in the present. We discuss the financial journey to this milestone, how unexpected life events can reshape financial priorities, a...

How can physicians maximize charitable giving while reducing their tax burden? In this episode of The White Coat Investor Podcast, Dr. Matt Moore joins us to discuss charitable trusts, recent changes affecting charitable giving, and advanced strategies physicians can use to give more efficiently. We cover the different types of charitable trusts, tax implications, when these strategies make sense,...

What should you do when a large amount of money suddenly enters your life? In this Milestones to Millionaire episode, we talk with a physician who received an unexpected inheritance and had to make important decisions about how to manage that new wealth responsibly. We discuss the financial choices made after receiving the inheritance, lessons learned along the way, and advice for other physicians...

What happens when a physician-owned practice takes on corporate medicine? In this episode of The White Coat Investor Podcast, we discuss how a group of emergency physicians successfully fought to preserve their independent practice in a dispute that drew national attention. We explore the challenges facing physician-owned groups, the growing influence of corporate medicine, and what this case coul...

What happens when financial success gives you the freedom to rethink your career? In this Milestones to Millionaire episode, we meet a physician who reached millionaire status and then made an unexpected decision: returning to fellowship and changing specialties. We discuss the financial journey that made this career move possible, the role financial security played in creating options, and the le...

Should investors stick with traditional index funds, or does factor investing deserve a place in a portfolio? In this episode of the White Coat Investor Podcast, we interview Jeromey Thornton from Avantis about the firm's origins, investment philosophy, and approach to factor investing. We discuss portfolio tilts, the evidence behind factor premiums, how investors should think about choosing funds...

How quickly can a physician build wealth after training? In this Milestones to Millionaire episode, we meet a doctor who became a millionaire just four years after completing training while also paying off student loans in only two years. We discuss the financial decisions, habits, and priorities that helped accelerate wealth building early in this physician's career. This episode highlights the i...

What is a family office, and do physicians actually need one? In this episode of the White Coat Investor Podcast, we speak with Josh Kanter about the concept of family offices, the story of Burton W. Kanter, and how high-income professionals can think about organizing, managing, and communicating wealth. We also discuss tools like LeafPlanner, approaches to teaching children about family finances,...

What happens when your investment growth starts exceeding the amount you are contributing each year? In this Milestones to Millionaire episode, we talk with a physician who reached an important investing milestone: annual portfolio growth that outpaced new contributions. We discuss what this stage of wealth building can look like, lessons learned along the way, and advice for other physicians purs...

How should physicians think about choosing the right investment accounts? In this episode of the White Coat Investor Podcast, we discuss several common account and investing questions, including Roth versus traditional contributions, isolating basis within a TSP, managing multiple solo retirement plans, and whether a business should have a brokerage account. We also explore the tradeoff between in...

What does strong financial progress during residency actually look like? In this Milestones to Millionaire episode, we talk with a physician who is graduating residency with a $200K net worth and discuss the decisions that helped make that milestone possible. We also explore the role military medicine played in this physician's journey, including lessons for doctors considering a military career p...

How should investors think about risk, reward, and building a portfolio that actually matches their goals? In this episode of the White Coat Investor Podcast, we talk with Ben Carlson about themes from his new book Risk & Reward, including market fear, portfolio complexity, behavioral mistakes, and the tradeoffs involved in investing decisions. We discuss questions many investors wrestle with: rea...

What does long-term wealth building look like as a government physician? In this Milestones to Millionaire episode, we talk to a doctor who became a TSP millionaire while transitioning to part-time work and maintaining a strong long-term investing strategy. We also cover lessons learned along the way, including career flexibility, retirement investing through the Thrift Savings Plan, and practical...

In this episode of the White Coat Investor Podcast, we answer a range of financial questions relevant to both new and experienced physicians. Topics include handling a parent's reverse mortgage, refinancing during residency, structuring compensation within an S-corporation, whether brokerage accounts belong inside an LLC, and evaluating a Vanguard variable annuity. We also recognize graduating phy...

What does building wealth look like as a physician practicing in a smaller community? In this Milestones to Millionaire episode, we chat with a doctor who reached $1 million in investments and the financial decisions that helped make it possible. We also explore the benefits and tradeoffs of practicing in a small town, along with practical advice for physicians considering that career path. This e...

In this episode of the White Coat Investor Podcast, Dr. Josh Daily shares his experience with a brain tumor recurrence and how it reshaped his perspective on life, work, and money. We discuss the emotional and practical realities of facing a serious diagnosis, including the role of disability insurance and the importance of preparing for uncertainty. More importantly, this conversation explores de...

What role can geographic arbitrage play in your financial plan? In this Milestones to Millionaire episode, we discuss how one physician used geographic arbitrage to become mortgage-free and improve overall financial flexibility. We also review lessons learned from relocating, including how cost of living, income, and lifestyle choices can influence long-term financial outcomes. If you are consider...

In this episode of the White Coat Investor Podcast we explore how physicians and other high-income professionals can approach charitable giving in a more intentional and effective way. We discuss reaching financial independence early, developing a philosophy of giving, and how to maximize the impact of donations over time. Topics include the logistics of giving, tax considerations, and the tradeof...

What does it look like to manage $800,000 in student loan debt as a physician? In this Milestones to Millionaire episode, we discuss this doctor's plan for handling a massive student loan balance while navigating a high cost of living area and the financial realities of early career medicine. We also discuss the challenges and experience of attending a Caribbean medical school, along with practica...

In this episode of the White Coat Investor Podcast, we cover practical real estate decisions that matter for physicians and other high-income professionals. We begin by comparing REITs, REIT funds, and private real estate syndications, including how these options differ in structure, liquidity, and risk. We also discuss warning signs of private real estate scams and what investors should evaluate...

What helps a physician succeed in the first year as an attending? In this Milestones to Millionaire episode, we discuss a doctor who had a strong first year after training and the decisions that helped create early momentum. We also cover practical advice for landing your first attending job, negotiating opportunities, and getting ahead financially and professionally in the early years of practice...

In this episode of the White Coat Investor Podcast, we discuss common financial mistakes that can quietly reduce long-term wealth for physicians and other high-income professionals. Topics include handling a 401(k) rollover without disrupting the backdoor Roth IRA process, why direct indexing may be less valuable than advertised, setting up a 401(k) as a practice owner, and why some financial one-...

What does it take to pay off more than $500,000 in student loan debt in a single year? In this Milestones to Millionaire episode, we discuss a dual-physician couple who paid off $527,000 in student loans in just one year. Their experience highlights how income, discipline, and prioritization can work together to accelerate debt repayment. We also cover practical advice for others facing large stud...

In this episode of the White Coat Investor Podcast we review key takeaways from a Vanguard white paper on index fund investing, focusing on what actually drives long-term results. We then cover several practical financial topics relevant to physicians and high-income professionals, including strategies for handling inheritances, considerations when inheriting a home with a mortgage, and how indust...