White Coat Investor Podcast

WCI #449: Unions, ACATS Fraud, Vesting, HSAs, and ETFs: What Doctors Need to Know

Today's episode tackles a wide mix of practical questions. We explore the pros and cons of unions for doctors, how to protect yourself from ACATS fraud, and what you need to know about vesting rules. We also dig into an asset allocation question, upcoming changes to HSA plans in 2026, and whether it makes sense to exchange a mutual fund for its ETF counterpart. It's a packed episode with insights you can put to use right away. Today's episode is brought to us by SoFi [https://www.whitecoatinvestor.com/a/sofi], the folks who help you get your money right. Paying off student debt quickly and getting your finances back on track isn't easy, but that's where SoFi [https://www.whitecoatinvestor.com/a/sofi] can help — they have exclusive, low rates designed to help medical residents refinance student loans—and that could end up saving you thousands of dollars, helping you get out of student debt sooner. SoFi [https://www.whitecoatinvestor.com/a/sofi] also offers the ability to lower your payments to just $100 a month* while you're still in residency. And if you're already out of residency, SoFi [https://www.whitecoatinvestor.com/a/sofi]'s got you covered there too. For more information, go to https://www.whitecoatinvestor.com/Sofi [https://www.whitecoatinvestor.com/a/sofi] SoFi Student Loans are originated by SoFi Bank, N.A. Member FDIC. Additional terms and conditions apply. NMLS 696891. The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you! Find 1000's of written articles on the blog: https://www.whitecoatinvestor.com [https://www.whitecoatinvestor.com] Our YouTube channel if you prefer watching videos to learn: https://www.whitecoatinvestor.com/youtube [https://www.whitecoatinvestor.com/youtube] Student Loan Advice for all your student loan needs: https://studentloanadvice.com [https://studentloanadvice.com] Join the community on Facebook: https://www.facebook.com/thewhitecoatinvestor [https://www.facebook.com/thewhitecoatinvestor] Join the community on Twitter: https://twitter.com/WCInvestor [https://twitter.com/WCInvestor] Join the community on Instagram: https://www.instagram.com/thewhitecoatinvestor [https://www.instagram.com/thewhitecoatinvestor] Join the community on Reddit: https://www.reddit.com/r/whitecoatinvestor [https://www.reddit.com/r/whitecoatinvestor] Learn faster with our Online Courses: https://whitecoatinvestor.teachable.com [https://whitecoatinvestor.teachable.com] Sign up for our Newsletter here: https://www.whitecoatinvestor.com/free-monthly-newsletter [https://www.whitecoatinvestor.com/free-monthly-newsletter] 00:00 WCI Podcast #449 01:19 Unions in Healthcare 05:43 ACATS Fraud: What You Need to Know 16:43 Vesting in Employer's Retirement Accounts 19:42 Rebalancing vs. Paying Capital Gains 27:33 HSA Eligible Healthcare Plans 34:34 Swapping Mutual Funds for ETFs

MtoM #252: Psych Resident Maxes Out Spousal and Personal IRAs and Finance 101: Boosting Your Income

Today we are talking with a psych resident who has maxed out his personal and spousal IRAs for two years in a row. He found a lucrative moonlighting gig that has helped increase his income. His secret to success is getting educated early so you can get off on the right foot. He shows that you can start building your wealth long before you have reached your max income. After the interview we talking about boosting your income for Finance 101. As a white coat, you have valuable knowledge. Various companies want that knowledge [https://www.whitecoatinvestor.com/surveys-for-money-best-companies-for-physician-online-surveys/]. And they're willing to pay you for it! That's why we've put together a list of recommendations for companies that pay you to take surveys. If you're looking for a profitable side gig for not too much effort, getting paid for surveys [https://www.whitecoatinvestor.com/surveys-for-money-best-companies-for-physician-online-surveys/] could be the perfect solution for you. You can make extra money, start a solo 401(k), and use your medical knowledge to impact new products. One of the WCI columnists makes an extra $30,000 a year just doing these surveys. Sign up today and use a fraction of your downtime to make extra cash! Go to whitecoatinvestor.com/MDSurveys [https://www.whitecoatinvestor.com/surveys-for-money-best-companies-for-physician-online-surveys/] The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you! Have you achieved a Milestone? You can be on the Milestones to Millionaire Podcast too! Apply here: https://whitecoatinvestor.com/milestones [https://whitecoatinvestor.com/milestones] Find 1000's of written articles on the blog: https://www.whitecoatinvestor.com [https://www.whitecoatinvestor.com] Our YouTube channel if you prefer watching videos to learn: https://www.whitecoatinvestor.com/youtube [https://www.whitecoatinvestor.com/youtube] Student Loan Advice for all your student loan needs: https://studentloanadvice.com [https://studentloanadvice.com] Join the community on Facebook: https://www.facebook.com/thewhitecoatinvestor [https://www.facebook.com/thewhitecoatinvestor] Join the community on Twitter: https://twitter.com/WCInvestor [https://twitter.com/WCInvestor] Join the community on Instagram: https://www.instagram.com/thewhitecoatinvestor [https://www.instagram.com/thewhitecoatinvestor] Join the community on Reddit: https://www.reddit.com/r/whitecoatinvestor [https://www.reddit.com/r/whitecoatinvestor] Learn faster with our Online Courses: https://whitecoatinvestor.teachable.com [https://whitecoatinvestor.teachable.com] Sign up for our Newsletter here: https://www.whitecoatinvestor.com/free-monthly-newsletter [https://www.whitecoatinvestor.com/free-monthly-newsletter] 00:00 MtoM Podcast #252 03:05 Psych Resident Maxes Out Spousal and Personal IRAs 15:30 Advice For Others 18:20 Boosting Your Income as a Doctor

WCI #448: Smart Retirement Moves for High-Income Professionals

Today's episode tackles a handful of questions that come up often for high-income professionals planning for the future. We dig into how to optimize your retirement accounts and take advantage of key tax benefits, explore how cash balance plans work inside a group practice, and look at whether a target-date retirement fund ever makes sense in a taxable account. We also talk through what to do with your retirement savings over the next year if you won't have access to workplace profit sharing until the end of 2026. Laurel Road [https://www.whitecoatinvestor.com/pln/a/laurelroad] is committed to helping residents and physicians take control of their finances. That's why we've designed a personal loan for doctors, with special repayment terms during training. Get help consolidating high-interest credit card debt or fund the unexpected with one low monthly payment. Check your rates in minutes to see if you qualify for a lower rate, plus, White Coat Readers also get an additional rate discount when they apply through https://LaurelRoad.com/WCI [https://www.whitecoatinvestor.com/pln/a/laurelroad] For terms and conditions, please visit https://LaurelRoad.com/WCI [https://www.whitecoatinvestor.com/pln/a/laurelroad] Disclosures Laurel Road [https://www.whitecoatinvestor.com/pln/a/laurelroad] is a brand of KeyBank N.A. All products are offered by KeyBank N.A. Member FDIC. ©2025 KeyCorp® All Rights Reserved. The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you! Find 1000's of written articles on the blog: https://www.whitecoatinvestor.com [https://www.whitecoatinvestor.com] Our YouTube channel if you prefer watching videos to learn: https://www.whitecoatinvestor.com/youtube [https://www.whitecoatinvestor.com/youtube] Student Loan Advice for all your student loan needs: https://studentloanadvice.com [https://studentloanadvice.com] Join the community on Facebook: https://www.facebook.com/thewhitecoatinvestor [https://www.facebook.com/thewhitecoatinvestor] Join the community on Twitter: https://twitter.com/WCInvestor [https://twitter.com/WCInvestor] Join the community on Instagram: https://www.instagram.com/thewhitecoatinvestor [https://www.instagram.com/thewhitecoatinvestor] Join the community on Reddit: https://www.reddit.com/r/whitecoatinvestor [https://www.reddit.com/r/whitecoatinvestor] Learn faster with our Online Courses: https://whitecoatinvestor.teachable.com [https://whitecoatinvestor.teachable.com] Sign up for our Newsletter here: https://www.whitecoatinvestor.com/free-monthly-newsletter [https://www.whitecoatinvestor.com/free-monthly-newsletter] 00:00 WCI Podcast #448 07:30 Optimizing Retirement Accounts 20:38 Adjusting Risk with a Cash Balance Plan 25:34 Target Retirement Funds in Taxable 30:55 Saving for Retirement in Taxable?

MtoM #251: Dermatologist Hits $750,000 Net Worth Before Finishing Residency and Finance 101: The Basics of Real Estate Investing

Today we are talking to a Dermatology resident who has hit a $750,000 net worth before finishing training. He has been building wealth since high school and is off to an unbelievable start. This kind of saving and wealth growth will allow him to craft the career he wants as well as reduce the risk of burnout. He knows the impact of the time value of money and was able to complete his MD PhD program in only six years. After the interview we will talk about the basics of real estate investing for Finance 101. Resolve [https://www.whitecoatinvestor.com/resolve] is the #1 rated physician contract team, reviewing 1000+ physician contracts every year. They empower physicians with location specific compensation data which leads to unparalleled leverage during the physician contract negotiation process. A physician contract lawyer is included and can negotiate on your behalf – alleviating the stress that can go along with reviewing complex legal terms. Flat-rate pricing and flexible schedules are designed for a physician's schedules. Use code WHITECOAT10 [https://www.whitecoatinvestor.com/resolve] for 10% off! https://WhiteCoatInvestor.com/Resolve [https://www.whitecoatinvestor.com/resolve] The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you! Have you achieved a Milestone? You can be on the Milestones to Millionaire Podcast too! Apply here: https://whitecoatinvestor.com/milestones [https://whitecoatinvestor.com/milestones] Find 1000's of written articles on the blog: https://www.whitecoatinvestor.com [https://www.whitecoatinvestor.com] Our YouTube channel if you prefer watching videos to learn: https://www.whitecoatinvestor.com/youtube [https://www.whitecoatinvestor.com/youtube] Student Loan Advice for all your student loan needs: https://studentloanadvice.com [https://studentloanadvice.com] Join the community on Facebook: https://www.facebook.com/thewhitecoatinvestor [https://www.facebook.com/thewhitecoatinvestor] Join the community on Twitter: https://twitter.com/WCInvestor [https://twitter.com/WCInvestor] Join the community on Instagram: https://www.instagram.com/thewhitecoatinvestor [https://www.instagram.com/thewhitecoatinvestor] Join the community on Reddit: https://www.reddit.com/r/whitecoatinvestor [https://www.reddit.com/r/whitecoatinvestor] Learn faster with our Online Courses: https://whitecoatinvestor.teachable.com [https://whitecoatinvestor.teachable.com] Sign up for our Newsletter here: https://www.whitecoatinvestor.com/free-monthly-newsletter [https://www.whitecoatinvestor.com/free-monthly-newsletter] 00:00 MtoM Podcast #251 02:34 Dermatologist Hits $750,000 Net Worth Before Finishing Residency 09:08 Advice For Others 14:22 What Jim Dahle Thinks About Real Estate Investing

WCI #447: The Past and Future of WCI

In today's episode, Dr. Dahle takes listeners on a journey through the past and future of the White Coat Investor, sharing how it all began and how it has grown into what it is today. He gives an inside look at the brand-new WCI website, which is more beautiful, modern, and easier to navigate than ever. Jim also opens up about new business ventures, personal reflections, lessons learned, and how he'll know when it's time to step back. It's a rare behind-the-curtain conversation that helps you get to know him and the mission of WCI on a deeper level. Today's episode is brought to us by SoFi [https://www.whitecoatinvestor.com/a/sofi], the folks who help you get your money right. Paying off student debt quickly and getting your finances back on track isn't easy, but that's where SoFi can help — they have exclusive, low rates designed to help medical residents refinance student loans—and that could end up saving you thousands of dollars, helping you get out of student debt sooner. SoFi also offers the ability to lower your payments to just $100 a month* while you're still in residency. And if you're already out of residency, SoFi's got you covered there too. For more information, go to https://www.whitecoatinvestor.com/Sofi [https://www.whitecoatinvestor.com/a/sofi] SoFi Student Loans are originated by SoFi Bank, N.A. Member FDIC. Additional terms and conditions apply. NMLS 696891. The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you! Find 1000's of written articles on the blog: https://www.whitecoatinvestor.com [https://www.whitecoatinvestor.com] Our YouTube channel if you prefer watching videos to learn: https://www.whitecoatinvestor.com/youtube [https://www.whitecoatinvestor.com/youtube] Student Loan Advice for all your student loan needs: https://studentloanadvice.com [https://studentloanadvice.com] Join the community on Facebook: https://www.facebook.com/thewhitecoatinvestor [https://www.facebook.com/thewhitecoatinvestor] Join the community on Twitter: https://twitter.com/WCInvestor [https://twitter.com/WCInvestor] Join the community on Instagram: https://www.instagram.com/thewhitecoatinvestor [https://www.instagram.com/thewhitecoatinvestor] Join the community on Reddit: https://www.reddit.com/r/whitecoatinvestor [https://www.reddit.com/r/whitecoatinvestor] Learn faster with our Online Courses: https://whitecoatinvestor.teachable.com [https://whitecoatinvestor.teachable.com] Sign up for our Newsletter here: https://www.whitecoatinvestor.com/free-monthly-newsletter [https://www.whitecoatinvestor.com/free-monthly-newsletter] 00:00 WCI Podcast #447 03:26 WCI Has a New Website! 05:26 The Past and Future of WCI