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What I Should Have Told Myself When I Became a Resident
With my intern year done, I have some feedback for my financial plan from before I became a resident. Here are the positives and negatives. The post …
What to Do When Your Insurance Rates Go Up: A Guide for Physicians
Insurers are raising premiums for a mix of reasons, many tied to shifting market conditions and increased costs. Here's what to do about it. The post…
Rollovers, Roth, and Investing
Answering reader questions about the Mega Backdoor Roth, the regular Backdoor Roth IRA, and IRA rollovers. We also talk about high-yield dividend fun…
The Foreign Tax Credit
Figuring out the foreign tax credit isn't as easy as you might hope. Here are some step-by-step instructions that should help. The post The Foreign T…
Social Security Is Not Going Away (But You Might Have to Adjust Your Plans)
Are you so worried about Social Security disappearing that you want to redo your financial plan? Here's why that approach isn't necessary. The post S…
The White Coat Investor’s 11 Most Controversial Teachings
Let's go over some of the more controversial pieces of advice WCI gives, the things that people disagree with us about the most. The post The White C…
Here’s Where Doctors Are Most Comfortable Investing
Not all physicians or other high-income earners take their cues from John Bogle. Some have their own ideas about how to invest their money, The post …
What Is the Guyton-Klinger Guardrails Approach for Retirement?
Guyton-Klinger guardrails is a strategy that allows for a relatively large withdrawal rate during retirement. Here are the pros and cons. The post Wh…
Physician Surveys Step by Step (And Why Making $30,000 in a Year Was Easy)
I've made as much as $30,000 a year taking physician surveys. Here's how I do it and why it could be such a valuable experience for you. The post Phy…
Parents, Children, and Relationships When Money Gets Involved
Answering reader questions about finances and family members, including what to do when you are supporting your parents financially, how the gift tax…
The WCI Medical School Scholarship
The 2025 WCI Medical School Scholarship is underway. Here's a chance for medical and other professional students to win cash prizes. The post The WCI…
Why I Designed My Life Working Part-Time 931 Miles from Home
I live in Cleveland. I work in South Dakota. I travel all the time. Here's how and why I've planned my work life to be so far from home. The post Wh…
Beyond PSLF: The Top Student Loan Repayment Alternatives for Doctors
The future of PSLF is currently unclear, so if you're thinking about trying to get your student loans forgiven, here are some alternatives. The post …
10 Reasons NOT to Take Social Security Early
Some people claim that taking Social Security early is the right move. Here's why that's absolutely the wrong move for your retirement. The post 10 …
Catch-Up Contributions: What You Need to Know
Catch-up contributions for your retirement accounts can be simple, but a few of them are more complex than you think. Let's break it down. The post C…
Balancing Retirement and College Savings
Here's how you should think about making sure you fund your retirement while also potentially saving for your kids' college education. The post Bala…
Finding Joy in Your Work with Dr. Cory Fawcett
An interview with WCI friend, Dr. Cory Fawcett, where we discuss how he set his goal to be financially independent by 50 years old and how to avoid b…
Flourishing at Work: What Physicians Get Wrong About Career Happiness
As doctors, we optimize for salary, prestige, or job security but rarely consider the factors that really contribute to long-term happiness. The post…
2025 WCI Survey Results: Here’s How Much You Make, How Much You Spend, and Your WCI Criticisms
We asked you to fill out the 2025 WCI survey, and so many of you did. Here's what you said, what you like, and what you want us to improve. The post …
Generational Wealth vs. Enough
You might've heard the phrase, "Shirt sleeves to shirt sleeves in three generations," and the statistics back this up. What should be done? The post …