[Editor’s Note: Today’s WCI Network post is from Passive Income, MD, who gives his recommendations for the first steps beginners can make to start investing in real estate. Peter loves to introduce people to real estate as a method to get solid long-term investment returns and to improve your current tax advantaged tax flow. If you haven’t already subscribed to ...

[Editor’s Note: Today’s guest post was submitted by Dr. Garrett Rossi, a psychiatrist that blogs at Shrinks in Sneakers. Dr Rossi proposes some reasonable changes to Public Service Loan Forgiveness (PSLF) for the Biden administration and Congress to consider. We have no financial relationship. See the end of the post for an editorial note about the current state of student ...

Podcast #194 Show Notes: The Backdoor Roth IRA Made Easy Everyone should be contributing to a Roth IRA every year. This is retirement account space that you can’t get back. Many of us need to contribute to the Roth IRA through the backdoor, which can be confusing. In this episode, we discuss what a backdoor Roth IRA is, steps for ...

It is tradition here at The White Coat Investor to thank the entire White Coat Investor community for all of their hard work and support over the last year. This includes readers, listeners, viewers, students, scholarship applicants/winners/judges, followers, members, attendees, sponsors, advertisers, staff, and partners. We thank you for what you have done to help us to fulfill our missions ...

If you’re looking to build wealth, it’s likely that you’re looking for ways to make well informed decisions about your investments. However, it’s equally as important to make sure that you are staying on track with your financial goals so that you can adjust your strategy as your financial situation ebbs and flows. That being said, platforms for building wealth ...

I get lots of questions from readers about whether or not they should take advantage of their Roth 401(k) (or 403(b)) option. They’re usually looking for an easy, straightforward answer. Unfortunately, it isn’t that easy. I only have one rule of thumb, and that’s that residents (and military docs) should make Roth contributions and attendings should generally make traditional, tax-advantaged ...

Becoming financially literate means acquiring a very useful body of knowledge. Possessing this body of knowledge is such a rare phenomenon in today’s world that having it, especially when combined with some financial discipline, is like a superpower. When I speak, I frequently demonstrate the importance of financial literacy with a section of the talk entitled “Numbers You Should Know”. ...

[Editor’s Note: Today’s WCI Network post from The Physician Philosopher discusses a common fallacy held among most people, including the high earners who compose the audience for this blog. Most people think that more money will make them happier. While the data suggests that it actually does make people happier to have more money (particularly as income grows up to ...

Leti and Kenji at SemiRetiredMD ran a post a few months back answering a question I often get, “Can I use a Doctor Loan to Buy an Investment Property?” They correctly answered the question that, in general, you can’t do that. Then they pointed out a handful of ways that one might be able to actually do it and suggested ...

Burnout is a big risk to your finances. Your fastest path to cash is as a board-certified doctor. We want you to be happily practicing medicine for as long as you would like. Our guest in this episode is Dr. Dike Drummond The Happy MD. He has spent the last 20 years coaching and training physicians on the prevention and ...

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