Q. I Am Tired of Paying Taxes and I Hear There Are Tax-Free Investments Out There. What Are They, and Should I Use Them? Many physicians are heavily taxed, so it is no surprise you are looking for ways to invest that do not increase your tax burden. However, it is critical that you pay attention not just to the ...

Podcast #205 Show Notes: Understanding Required Minimum Distributions A lot of people have this fear of required minimum distributions. Understanding how RMDs work is important but you don’t need to fear the future taxes. One listener was concerned that they would end up losing money in retirement because not enough time and effort was spent in planning strategically for RMDs. ...

April 1, 2021 What the Research Can Tell us about Retiring It’s difficult to envision what life will look like on the other side of the consequential decision to retire. But research can help demystify what lies ahead – about the decision itself, the financial challenges, and even the taxes. Readers understand this, as evidenced by the most popular blog ...

Long-time readers know we’ve done The White Coat Investor Scholarship for years, giving out as much as $100,000 in cash and prizes. However, in 2019 we started doing another award, this time for attending level physicians and dentists. This is the financial educator award for people who are trying to boost financial literacy among their colleagues, trainees, and students. In ...

Long-term readers know that when we renovated our house last year I had the garage wired for electric car chargers. Well, my old Sequoia finally broke down (RIP) so we bit the bullet and got one. It is super fun to drive and the acceleration is unreal. The need came up all of a sudden at kind of a bad ...

There are many, many ways to invest in real estate, and the decision of how exactly to invest is based on many factors. Some people, for example, make real estate a full-time job and dedicate many hours a day. Others work a handful of hours every quarter and still bring in a decent chunk of monthly income. If you’ve been interested ...

[Editor’s Note: Passive Income, MD’s Leverage and Growth Virtual Summit for Physicians is underway and live-streaming for FREE through March 28! This is an incredible venue to connect with mentors and like-minded physicians all with the goal of creating multiple streams of income. Don’t worry if you’ve missed out on speakers from earlier in the week—all talks are available for ...

Building wealth isn’t always necessarily about following traditional advice. We know that investing in stocks, bonds, and index funds are proven strategies that people have used to amass wealth over the years. But what about those of us who are searching outside of the box for new and lucrative opportunities to make passive income? If you’re looking for an alternative ...

Once a quarter or so, my mutual funds pay me a dividend and I get all excited. I see them on my online statements that look something like this:   “Hey Katie, look how much we got in passive income this month! That would pay for tons of our expenses even if we quit working. Isn’t that awesome?” “It sure ...

Episode #202 Show Notes: Working Together with Your Partner, with Mrs. WCI Managing finances with your partner can be challenging but it is hard to be successful if you don’t learn to do it well. In this episode, I discuss with Mrs. WCI how we have learned to work together to strengthen our relationship and our finances through the long ...

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