White Coat Investor Podcast

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 b...

An interview with Mrs. WCI about how they've worked together to build financial success. Great couples function as one unit. It's not my money or your money, it's our money. In this podcast Dr. WCI and Mrs WCI discuss how they have worked together to build financial success. I estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment...

The 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...

Passive 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...

Backdoor Roth IRAs and Why You Should Be Funding Them. If you have no idea what a Backdoor Roth IRA is, listen to this podcast. Seriously. You need to know what it is. Most physicians should be using a personal and spousal Backdoor Roth IRA.  Not only does this provide an additional $5,500 each ($6,500 each if you and your spouse are over 50) of tax-protected and (in most states) asset protected s...

Disability 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...

Paying 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 go...

The 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...

How 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 a...

Everything 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...

What 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 mor...

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...