White Coat Investor Podcast

White Coat Investor Podcast

www.whitecoatinvestor.com
Helping Those Who Wear the White Coat get a “Fair Shake” on Wall Street


136: Taxes on Stock Options
Dec 12 • 41 min
There are non-qualified stock options and incentive stock options. They are each taxed very differently. You can see the full show notes and transcription here https://www.whitecoatinvestor.com/classic-blog/. This podcast sponsored by Bob Bhayani at…
135: Estate Planning with Daniel Kesten
Dec 5 • 76 min
Daniel Kesten, an estate planning attorney and a speaker at the WCICon 20 in Las Vegas in March, is our guest on this episode. We have a great discussion concerning everything you need to know about getting started with your estate planning. See the full…
134: Improve Your Personal Financial Literacy
Nov 28 • 45 min
This week is continuing financial education week. See more information and resources to get financially literate at https://www.whitecoatinvestor.com/classic-blog/. I do this week every year with book reviews on the blog and podcast to encourage you to…
133: What Physicians Need to Know About Contract Negotiation
Nov 21 • 58 min
A contract is just a vehicle to set expectations. But understanding those expectations is very important. We discuss what you need to know about negotiating a contract in this episode. See the full transcription at…
132: Asset Protection Strategies to Secure Your Wealth
Nov 14 • 75 min
Our guest this episode is an asset protection attorney. See the full transcription here https://www.whitecoatinvestor.com/classic-blog/ If you apply at https://www.whitecoatinvestor.com/sofi, not only will you get paid $300 if you close the loan, but you…
131: Rules for Business Vehicle Tax Deduction
Nov 7 • 38 min
Deducting your business vehicle sounds like a great way to lower your tax bill. Unfortunately it is probably not going to be a significant deduction for most doctors. See the show notes at https://www.whitecoatinvestor.com/classic-blog/ This episode was…
130: How to Retire Early as a Doctor with the Physician on Fire
Oct 31 • 57 min
Have you ever dreamed of retiring from medicine in your 40s? In this episode we interview a doctor who actually did retire recently at the age of 43. Of course long time readers will know the Physician on Fire (https://www.physicianonfire.com/) well. See…
129: Helping Family When They are Bad With Money
Oct 24 • 42 min
Setting financial boundaries with your parents is challenging. See the show notes at https://www.whitecoatinvestor.com/classic-blog/ The Principals at DI4MDS https://www.di4mds.com/have collectively been advising physicians, business executives and other…
128: Resident Physician Financial Mistakes
Oct 17 • 70 min
We interview a resident in this episode and discuss cashflow/budgeting, filling out a W-4, doing Roth or tax deferred retirement accounts when going for PSLF, seeking student loan management advice. See the full transcriptions for this episode at…
127: Understanding the Mega Backdoor Roth IRA
Oct 10 • 74 min
The Mega Backdoor Roth IRA allows you to contribute an additional amount into an Roth IRA due to the fact that some employer 401k plans allow after-tax contributions. See the full transcription at https://www.whitecoatinvestor.com/classic-blog/ Our…
126: How to Reduce your Investment Taxes with Phil DeMuth
Oct 3 • 75 min
Every doctor and other high income earner wants to reduce their investment taxes. Our podcast guest, Phil DeMuth, is just the man to help you do that. See the full transcription at https://www.whitecoatinvestor.com/ Contract Diagnostics…
125: How to Rebalance Your Portfolio
Sep 26 • 47 min
See the show notes for this episode at https://www.whitecoatinvestor.com/ One listener asked about how to rebalance his portfolio. A lot of people still get confused about this. Our sponsor today is Earnest, https://www.whitecoatinvestor.com/refi one of…
124: Financial Advisors: The Good, The Bad, and The Ugly with Michael Kitces
Sep 19 • 78 min
Michael Kitces is the brains behind Nerd’s Eye View, https://www.kitces.com/ which I believe is the most widely read website aimed at educating financial advisors in the world. See the show notes at…
The White Coat Investor Trailer
Sep 17 • 0 min
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…
123: Will the Politicians Cancel your Student Loan Debt?
Sep 12 • 54 min
Should people be changing their student loan plan based on the discussion of canceling and forgiving loans that politicians are currently having? See show notes at…
122: Frugal Living with the Frugal Physician
Sep 5 • 44 min
If you forgot to live like a resident for your first few years as an attending physician, it isn’t too late. In this podcast episode I interview Dr. Disha Spath, of the https://www.thefrugalphysician.com/ who did just that. Choosing to be generally frugal…
121: What You Need to Know About Self-Employment Taxes
Aug 29 • 44 min
Dealing with self employment taxes can be tricky. In this episode I discuss quarterly payments or a way to avoid making them if you have W2 income as well to avoid penalties by being in the safe harbor. See the show notes at…
120: Medical Missionary Work
Aug 22 • 66 min
Ever thought about doing a medical mission trip? My 15 year old daughter and I went to Honduras this summer to spend a week assisting in a local hospital. https://www.speakpipe.com/whitecoatinvestor This podcast is sponsored by Pattern Financial…
119: How to Pay for College with Robert Farrington
Aug 15 • 57 min
This episode we interview Robert Farrington, the founder of thecollegeinvestor.com, https://thecollegeinvestor.com/ where he provides lots of information for young investors, for indebted people with student loans, and millennials in particular.To find…
118: How Do I Claim a Foreign Tax Credit?
Aug 8 • 54 min
If you invest in the total international stock market index you may be eligible for the foreign tax credit. See the show notes at https://www.whitecoatinvestor.com/ This episode is sponsored by Locumstory. Have you ever wondered about a different way of…
117: Managing Healthcare Real Estate Properly
Aug 1 • 45 min
Our guest is Collin Hart, managing director of ERE Healthcare Real Estate Advisors. In this episode we talk about when a physician should buy vs rent their practice space. Check out the special WCI deals for refinancing.…
116: Fix the Car or Buy a New One?
Jul 25 • 50 min
I received a couple of questions about cars in the Facebook group https://www.whitecoatinvestor.com/facebookgroup and thought it would be interesting to compare and contrast them. See the show notes for more information at…
115: How to Fix Your Investment Mistakes
Jul 18 • 70 min
Unlike our typical shows where we answer questions people have pre-recorded, this episode will be a bit of a back and forth with a listener who had a lot of questions. Show notes at https://www.whitecoatinvestor.com/ This episode is sponsored by Alexis…
114: Should You Start a Group Practice Retirement Plan?
Jul 11 • 44 min
Should you start a retirement plan for your office? When is it worth starting? What things should you consider? https://www.speakpipe.com/whitecoatinvestor. See this episode’s show notes at https://www.whitecoatinvestor.com/ This episode is sponsored by…
113: Dare to be Dull with Allan Roth
Jul 4 • 55 min
“Your investing should be very, very boring.” Allan Roth shares lots of wisdom like this in this episode. Read the show notes at https://www.whitecoatinvestor.com/ If you are in need of financial planning or advice, check out our recommended list of…
112: The Right Way to Borrow Money From Family
Jun 27 • 44 min
A listener asked me how to prioritize loans from their parents. We get into more details about borrowing money from family in this episode. Check out the show notes for this episode at https://www.whitecoatinvestor.com/ This episode is sponsored by the…
111: Investing in Airbnb Rentals with David Draghinas
Jun 20 • 69 min
Dr. David Draghinas is probably best known in this community for his podcast, Doctors Unbound, https://www.doctorsunbound.com/ where he shares inspiring stories about doctors doing extraordinary things. https://www.whitecoatinvestor.com/ Registration for…
110: How Does the US Tax Foreign Investment Income?
Jun 13 • 39 min
How does the US tax foreign investment income? Foreign income is taxed as ordinary income on your US tax return. The places that are paying higher interest rates are generally expected to depreciate against the dollar. So should you invest in foreign…
109: Passive Investing and Financial Advisory Fees with Rick Ferri
Jun 6 • 85 min
Episode #109 Rick Ferri is a financial advisor and an accomplished author of 7 books related to investing. I consider him the heir apparent to Jack Bogle. In this interview we discuss passive investing and why you should be investing in index funds. As…
108: What is Value Averaging and How Does it Work
May 30 • 52 min
Episode #108 What is Value Averaging and How Does it Work? It is an investing strategy that works like dollar cost averaging in terms of steady contributions, but differs in its approach to the amount of each contribution. My problem with it is mainly the…
107: The Four Pillars of Investing with Bill Bernstein, MD
May 23 • 55 min
Episode #107 I first met Bill Bernstein at the Bogleheads Conference in 2008. I was a Bernsteinhead before I was ever a Boglehead. The Four Pillars of Investing was certainly one of the first good books on investing I ever read and had a huge influence on…
106: Financial Advice for Those Starting a Family
May 16 • 43 min
Episode #106 We talk about tips for physicians starting a family in this episode. You have to realize it has dramatic changes on retirement dates - pretty easy to FIRE without kids. Kids not only introduce additional expenses but can also change your…
105: How to Think About Money with Jonathan Clements
May 9 • 58 min
Episode #105 Our guest this episode is Jonathan Clements, a previous WSJ columnist and an author. From Jonathan, “There are those who think the goal of investing is to beat the market and amass as much wealth as possible, that street smarts and hard work…
104: Mistaking a Salesman for a Financial Advisor
May 2 • 47 min
Episode #104. Many financial advisors are salesmen masquerading as financial advisors. You need to learn how to differentiate between the two so you make sure you are getting good advice at a fair price. In this episode you can learn how to to do that as…
103: Reduce Burnout with the Physician Philosopher
Apr 25 • 58 min
#103: Reduce Burnout with the Physician Philosopher Our guest this episode is Jimmy of The Physician Philosopher blog. Despite his youth, he already has some impressive personal finance experience; he increased his net worth by 1/4 of a million dollars in…
102: How to Pay for a House
Apr 18 • 37 min
Episode #102. There are lots of ways to pay for a home, 15 year mortgages, 30 year mortgages, fixed, ARMS, paying all cash. What is right for you? I answer listener questions in this episode about buying a house and the right way to pay for it.
101: When To Hire A Financial Planner
Apr 11 • 50 min
Episode #101 When should you hire a financial planner? You don’t have to know everything about finance to take care of your own finances. You only have to know the parts that apply to you. The amount of knowledge you have to assemble in order to do your…
100: How To Get Rich as a Doctor
Apr 4 • 40 min
Episode #100 Let’s talk about How to Get Rich. First thing is to avoid getting poor. That means minimizing the cost of your education, making sure you match. Making sure you get through your training. That doctor income is going to fuel your wealth…
99: How to Break Up with Your Financial Advisor
Mar 28 • 69 min
Episode #99. Two readers are on this week’s episode, a dentist and an attending physician. Both are in the process of taking control of their money and moving on from their financial advisors. I have no problem whatsoever with using an advisor, so long as…
98: A Discussion with a Resident and a Medical Student
Mar 21 • 50 min
Episode #98. A resident listener and a medical school listener come on the podcast today to have their financial questions answered.
97: Realtors and Physician Mortgage Loans with Peter Kim of Curbside Real Estate
Mar 14 • 48 min
Episode #97: Interview with Dr. Peter Kim, founder of Curbside Real Estate, addressing physician-specific issues encountered during the home buying process. We talk about how to avoid the most common mistakes doctors make when buying a home and how…
96: An Interview with Michelle Finkel of Insider Medical Admissions
Mar 7 • 45 min
96: In this episode I interview Dr. Finkel , a former Harvard Medical School faculty member with admissions experience and a board certified emergency physician. She started Insider Medical Admissions to use her experience to guide clients through the…
95: The Speakpipe is Working
Feb 28 • 34 min
Lots of listener’s voices on this episode. The speakpipe to record your questions is working well! I answer your colleagues questions about contributing to a Roth IRA for those married filing separately, taking out a 401(k) loan, funding HSAs, when it…
94: Surgery Center Investments
Feb 21 • 59 min
I’m often asked questions about investing in a surgery center but it is something that I have no experience with. So I brought on someone who does have experience as well as a doctor that is just at the beginning of the surgery center investment in his…
92: Being a Military Physician
Feb 14 • 65 min
Dr. Schofer is board certified in EM and currently serves in the U.S. Navy. Whenever I write anything inaccurate about being a military doctor he is gracious enough to set me straight. He has been a valuable resource to the WCI community and anyone who…
93: Private Real Estate Funds
Feb 7 • 55 min
Over the years, I’ve invested across the entire spectrum of real estate investments, from owning and managing an individual property and its tenant to buying and holding a REIT index fund. This has included investments with half a dozen crowdfunding…
91: Becoming Your Parent’s Financial Advisor
Jan 31 • 37 min
“As a young attending who has put into effect the many themes presented by the WCI, how would you recommend I go about helping my parents get into a better financial situation?” This is the main listener question I answer in this week’s episode. Tread…
90: An Interview with Physician on Fire and Passive Income MD
Jan 24 • 86 min
Your three favorite physician finance bloggers all in one podcast again! WCI, PIMD, and PoF answer listener questions in this episode ranging from who is the funniest and is curling a real sport? To backdoor Roth IRAs, investing in real estate vs index…
89: State of the Podcast
Jan 17 • 37 min
It is a tradition at WCI to update the members of our community on the progress made in the last year. Thanks to all of you who have even the tiniest amount of responsibility for the success. If you told even one person about the site or book or podcast,…
88- An Interview with Crispy Doc
Jan 10 • 48 min
In this episode I speak with Crispy Doc, a financially independent emergency physician in his mid-40s, married with kids, living in coastal California. We discuss his mid-career burnout and how it was transformed by financial literacy. He learned to…
87: The White Coat Investor Philosophy
Jan 3 • 29 min
I’m often asked “where should I start with the podcasts.” I thought for our first podcast of 2019 that I’d lay out the WCI philosophy, so if someone asks “what podcast should I start with?” you can confidently say #87. In this episode I discuss the 12…
86: Legacy Holdings in Taxable Account
Dec 27, 2018 • 36 min
A listener emailed me who is lucky enough to get a generous gift every year from their grandparents of $14,000 in stocks. He wanted to know what I thought they should do with it. I address what to do with individual stocks in your taxable account, the…
85: The Real Life Financial Experience of a Young Periodondist
Dec 20, 2018 • 69 min
This is an interview with a young periodontist about his finances. Like many of the WCI listeners he started out with a financial advisor that tried to sell him insurance that wasn’t right for him. He is saving for a house down payment, upgrading a beater…
84: Bonds in a Rising Interest Rate Environment
Dec 13, 2018 • 37 min
I was asked for some good strategies for investing in bonds in a rising interest rate environment. This episode I discuss short term, money market funds, inflation adjusted, and stable value funds. But don’t extrapolate the past into the future. Interest…
83: Teaching Personal Finance to Students and Residents with Jason Mizell
Dec 6, 2018 • 47 min
Dr. Jason Mizell has been teaching a personal finance and investing course at his academic institution for medical students and residents for several years. It is inspiring to see what he has created and the difference he is making in the lives of these…
82: Nearing Retirement
Nov 29, 2018 • 33 min
A common misconception is that someone nearing retirement should do something dramatically different than a 25 year old. Bear in mind a typical 55 year old still has a 30 year investing career. The right investments for a 55 year old are exactly the same…
81 - Medicine and FInance in the UK with Dr. Nikki Ramskill
Nov 22, 2018 • 50 min
Ever wondered what is was like to practice medicine in the UK? It is fascinating to see the differences in medicine and physicians’ finances between the States and those practicing in England. Dr. Ramskill walks us through the training, practicing, and…
80: Answering Listener Questions
Nov 15, 2018 • 32 min
This episode is choke full of listener questions from should you get a retirement plan for your employees to revocable trusts, to the age old questions of why bonds and investing vs paying off debt.
79: Sorting Out An Academic Doc’s Finances
Nov 8, 2018 • 47 min
This episode I interview an academic doctor about her finances. She is in the process of firing her financial advisor and becoming a do-it-yourselfer. We talk about what accounts she has, asset allocation, 529s, dealing with capitol gains in her taxable…
78: Cash Balance Plans
Nov 1, 2018 • 26 min
A cash balance plan is a type of defined benefit plan (pension) that acts like a defined contribution plan (401K). When private companies were trying to get rid of their expensive pension plans, many of them converted their pension plans into cash balance…
77: Investing in Online Businesses - An Interview with Gregory Elfrink from Empire Flippers
Oct 25, 2018 • 52 min
Investing in online businesses is a relatively new asset class for most investors. But can be a great place to invest some of your portfolio. If you ever wondered how do you invest in websites this episode is for you. Gregory Elfrink from Empire Flippers…
76: Good Debt and Bad Debt
Oct 18, 2018 • 31 min
Is there such thing as good debt and bad debt? Is it good to carry some form of debt for your credit score? Is buying things on a credit card and then paying it off each month accumulating good debt/credit? Listen to this episode if you have ever had…
75: Increasing Your Primary Care Income - An Interview with Doc G from DiverseFI.com
Oct 16, 2018 • 43 min
Doc G of DiverseFI.com shares with us how he increased his primary care income to almost 7 figures. I have always been impressed that the intraspecialty income differences are so dramatic compared to the interspecialty income differences. Even if you are…
74: Public Service Loan Forgiveness
Oct 4, 2018 • 23 min
It has been ten years since the Public Service Loan Forgiveness Program was created. The first people are up for loan forgiveness. So what happened? Did they get loan forgiveness? How will this affect your quest for loan forgiveness? Listen to this…
73: Raising Exceptionally Talented Children
Sep 27, 2018 • 58 min
I interview Dr. Champeaux in this episode about her experience raising an exceptionally talented son, a tennis player. But we also really delve into being a military doctor and how to publish about and promote financial literacy as an academic physician.
72: Why Bonds?
Sep 20, 2018 • 23 min
Why should you invest in bonds at all? Especially if you are young or fresh out of training and could tolerate any changes in the stock market? I address this question and more in today’s episode.
71: An Interview with Nii Darko from Docs Outside the Box
Sep 13, 2018 • 56 min
In this episode I talk with Nii Darko from Docs Outside the Box. Docs Outside the Box podcast brings stories of ordinary doctors doing extraordinary things to inspire other docs to think outside the box. We discuss some of these stories but also delve…
70: Stuff I Don’t Invest In
Sep 6, 2018 • 28 min
In this episode I discuss all the things I don’t invest in like precious metals, individual stocks, actively managed mutual funds, currencies, bitcoin, start-ups/angel investing, commodities, options, or insurance.
69: An Interview with Carrie Reynolds from Hippocratic Hustle
Aug 30, 2018 • 48 min
I interview Carrie Reynolds today from The Hippocratic Hustle Podcast. She developed The Hippocratic Hustle Podcast to create a space where women doctors can come together and share their stories of their business, project or side-hustle, to explore ways…
68: Moonlighting and Side Gigs
Aug 23, 2018 • 26 min
We discuss moonlighting and everything a doctor needs to know about this extra source of income. We also talk about side gigs for high income professionals in this episode.
67: An Interview with Passive Income MD and Physician on Fire
Aug 16, 2018 • 63 min
Your three favorite physician finance bloggers all in one podcast! WCI, PIMD, and PoF answer listener questions in this episode ranging from how they prefer their chicken wings to how to help your colleagues learn to manage their money better. They…
66: Long Term Care Insurance
Aug 9, 2018 • 36 min
Long term care insurance, cancer supplemental insurance, disability insurance - it is all covered in this episode as well as answering listener questions.
65: An Interview with Coach Carson
Aug 2, 2018 • 52 min
This episode is an interview with Coach Carson who provides practical and approachable education and empowerment concerning investing in real estate. He wants to help listeners win financially so that you can do what matters in your life.
64: Dealing with Inflation
Jul 26, 2018 • 37 min
Do you take inflation into consideration when you create your “retirement day financial goal”? This and more listener questions about military medicine, paying AUM fees, buying health insurance, and student loan management are addressed in this episode.
63: Hate Mail and a Disclosure
Jul 19, 2018 • 25 min
Dr. Dahle shares some hate mail he received as well as a disclosure about what he is licensed to do. More importantly, he answers many listeners questions about student loans, delaying tax filing, annuities, and how much disability insurance you need.
62: An Interview with Vagabond MD
Jul 12, 2018 • 58 min
Dr. Dahle and Vagabond MD, an active participant in the WCI forum, providing many readers with needed financial information, discuss what he teaches new doctors about personal finance and investing, what mistakes he sees his peers making, and whether he…
61: All About Residents
Jul 5, 2018 • 30 min
Dr. Dahle talks about everything that a resident needs to know in this episode, from managing student loans, to housing, to retirement accounts, etc. If you are a resident, or will be a resident in the future, make sure you listen to this episode.
60: An Interview with Ryan Gray from Medical School Headquarters
Jun 28, 2018 • 45 min
Dr. Dahle and Dr. Gray discuss relevant premed topics in this episode to help those thinking medical school is for them to receive the information they need. Dr. Gray desire is to guide medical school applicants through the admissions process and simplify…
59: Is Dr. Mike Meru Crazy?
Jun 21, 2018 • 37 min
In this episode Dr. Dahle talks about Dr. Mike Meru and his student loan balance of over $1 million dollars. Is he crazy? Or crazy like a fox? Listen to get Dr. Dahle’s take on the situation and how best to manage large student loan debts.
58: An Interview with Sarah Catherine Gutierrez from Aptus Financial
Jun 14, 2018 • 65 min
Dr. Dahle interviews Sarah Catherine Gutierrez from Aptus Financial in this episode. They talked about how she got into the financial advising world, the mistakes she sees doctors making in their financial plan, even the DIY guys, and where she sees the…
57: Questions from Doctors Doing Well and Doctors in Trouble
Jun 7, 2018 • 30 min
Dr. Dahle answers listeners’ questions in this episode about disability insurance, lending money to family, student loan management, backdoor Roth IRAs, mortgage rates, and whole life insurance. If you have questions make sure you send them to him.
56: An Interview with Mike Piper from the Oblivious Investor
May 31, 2018 • 67 min
In this episode Dr. Dahle interviews Mike Piper, CPA, who gave the two highest ranked talks at the entire WCI conference in March. In this episode they discuss the new 199A deduction for physicians, when to take social security, the LLC vs S Corp vs C…
Bonus Episode: WCI Conference Video Course
May 28, 2018 • 7 min
Bonus Episode! Physicians, dentists, and other high income professionals met in Park City, Utah for the first-ever Physician Wellness and Financial Literacy Conference. It was a wonderful time with 12 hours of lectures, a panel of physician financial…
55: Basics of Investing
May 24, 2018 • 28 min
Sometimes investing hobbyists like myself, especially after a decade or more of investing, assume everybody knows the basics of investing. Occasionally, I am starkly reminded that is not the case. Today, I’d like to just go on record about what I think…
54: Asset Protection
May 17, 2018 • 31 min
This episode is about asset protection. We discuss what you can do to better protect your assets like houses, taxable accounts, real estate, etc. Plus of course answer listener question about backdoor Roth IRAs, PSLF, marijuana, and cash flow banking.
53: Tax Cut and Jobs Act Pass Through Deduction
May 13, 2018 • 30 min
There is a new deduction for pass-through businesses such as sole proprietorships, LLCs, and S corporations. However, this deduction is specifically limited for physicians and similar professionals who have a taxable income of more than $157,500 ($315,000…
52: An Interview with Lara McElderry from Married to Doctors
May 3, 2018 • 46 min
In this episode I interview Lara McElderry from the Married to Doctors podcast. Some might find that being married to a doctor isn’t as glamorous as society assumes. Having a physician spouse and having a strong relationship can be difficult. It is common…
51: Another Visit to Whole Life Insurance Land
Apr 26, 2018 • 42 min
I would like to say “don’t ever buy whole life insurance” and leave it at that but that just isn’t the case. In this episode we revisit whole life insurance and discuss some situations in which you may want to buy or keep the policy you were already sold.
50: An Interview with Paul Merriman
Apr 19, 2018 • 73 min
In this episode I interview Paul Merriman. He is best known for his work, a large percentage of which is done on a volunteer basis, educating the individual investor. I told him when we were lining this up that he was a controversial figure in the…
49: Tales From my Email Box
Apr 12, 2018 • 24 min
This episode is full of listeners’ and readers’ questions. Dr. Dahle talks about lifetime limits on retirement accounts and 529 plans, Backdoor Roth IRAs, SEP IRAs, saving for short term large purchases, and a cautionary tale about student loan debt and…
48: Choose Financial Independence
Apr 5, 2018 • 54 min
Dr. Dahle interviews Brad and Jonathan from the ChooseFI podcast. They discuss many different aspects of financial independence.
47: Staying the Course, Stock Purchase Plans, and TSP Loans
Mar 29, 2018 • 25 min
In this episode Dr. Dahle answers listeners’ questions about staying the course with your investing, stock purchase plans, and TSP Loans.
46: The Happy Philosopher
Mar 22, 2018 • 55 min
WCI interviews The Happy Philosopher in this episode discussing physician burnout - what it is, how it affects you, and what can be done about it.
45: Interview with Curbside Real Estate
Mar 15, 2018 • 37 min
I am continually fascinated by the burning desire among graduating medical students and even residents to purchase a home as soon as is humanly possible. I try to talk them out of it but I know many will do it anyway. I’m often asked for referrals for…
44: Complicated Aspects of 401(k)s
Mar 8, 2018 • 29 min
There are complicated aspects of 401(k)s. Many of these are discussed in this episode as we answer listeners’ questions about their 401(k)s.
43: Merger Arbitrage with Peter Steinberg MD
Mar 1, 2018 • 47 min
WCI and Dr. Steinberg discuss merger arbitrage. Now, this is a technique that hedge fund managers have done for some time, with varying amounts of success. Dr. Steinberg shares his experience with us. Critics say merger arbitrage has a limited upside and…
42: Buy One Property A Year
Feb 22, 2018 • 37 min
In this episode I discuss the concept of buying one property a year as a path to wealth and financial independence. Remember this isn’t required for a high income professional. But it is an alternate path and quite likely a little faster, but more risky,…
41: Getting A Second Opinion
Feb 15, 2018 • 28 min
In the medical world, it is routine to get a second opinion. However, in the world of financial advisors, a second opinion is rare and some advisors are personally offended by it. It shouldn’t be any big deal to have one of your clients go pay for an hour…
40: Physician on Fire Update
Feb 8, 2018 • 57 min
Physician on Fire and WCI discuss his transition to part time work, his safe withdrawal rate, and slow traveling with his family. They also answer many listeners’ questions.
39: Five Questions on SERPs, New Tax Law, Inherited IRAs, and Gifts
Feb 1, 2018 • 16 min
Dr. Dahle answers listeners’ questions in this episode. He covers questions about SERPs, the new tax law, inherited IRAs, and gifts.
38: Bitcoin, Prenups, and Investing vs Paying off Debt
Jan 25, 2018 • 20 min
In this episode Dr. Dahle answers listeners’ questions about bitcoin, prenups, and whether you should be investing or paying off debt.
37: Introducing the WCI Online Course: Fire Your Financial Advisor
Jan 18, 2018 • 29 min
This course is for you. No more wading through dozens of books at the library, scrolling through hundreds of blog posts on dozens of blogs, or checking in daily with online forums trying to gain a financial education the way the hobbyists do. This course…
36: Interview with Nathaniel Minnick, DO
Jan 11, 2018 • 56 min
Dr. Dahle and Dr. Minnick answer readers’ questions in this episode. From the debate over DO vs MD to where is the best place to open your solo 401k to should you invest in your medical partner’s side business. You will enjoy this interview between two…
35_Interview with Jordan Goodman from Money Answers
Jan 4, 2018 • 58 min
This show is an interview with Jordan Goodman. We discuss hard money loans, mortgage acceleration, investing in life settlements, and bitcoin. There is now a lengthy discussion at the end that I added in December 2018 where I mention some of the things in…
34_Good Investing is Boring Investing
Dec 28, 2017 • 18 min
This episode is a bit of a “back to basics” show. Mutual funds make up the majority of my investment portfolio and I think that should be the case for most investors out there. Get rich once, get rich slowly. Good investing is boring investing.
33: Questions from Medical Students
Dec 21, 2017 • 20 min
Dr. Dahle answers questions from medical students on the show today. He will cover how to get on the same page financially with your partner. He discusses how to prioritize paying off debt, investing, and buying a home. The question about socially…
32: Passive Income MD
Dec 14, 2017 • 31 min
We want you to live the life that you want, practice how you want, have the time to spend with your loved ones, and not worry about money. Passive Income MD shares some of his forms of passive income in this episode and discusses how others can open up…
31: Alternative Investments with Dr. Meadows
Dec 7, 2017 • 47 min
Along with Dr. Meadows we are discussing our experiences investing in stuff that isn’t stock and bond index funds. Now regular listeners know that I also invest in “alternatives,” although only about 15% of my portfolio is invested in something besides…
30: How to Invest at All Time Highs
Nov 30, 2017 • 23 min
How to invest at all time highs? This is not a new question. The market has been going up for a long time and it will eventually go down. And you need an investment plan that can handle that. In this episode you will learn what you need to do to…
29: Tax Reform Bill in Congress
Nov 15, 2017 • 38 min
We are talking about taxes today and specifically about the tax bills bouncing around in Congress. Now obviously these are a work in progress. And it is important to look at it from two perspectives- one what is good tax policy and two whether or not it…
28: What Matters Most in Personal Finance
Nov 4, 2017 • 24 min
We spend a lot of our time talking about and worrying about the minutia compared to the big things you should be worried about. Realize that there are somethings that matter far more than other things. In this episode, Dr. Dahle talks about those things…
27: How to Get Rich Quickly
Oct 30, 2017 • 24 min
Dr. Dahle discusses how to build wealth in this episode and if you have a need/desire to build wealth quickly he lays out a plan for you to do that.
26: When to Buy a Home
Oct 24, 2017 • 32 min
There are lots of great reasons to own your own home, including the fact that you can have as many pets as you like, you can paint the walls whatever color you prefer, and the landlord can never throw you out on the street. Financially speaking, there are…
25: Military and 1099 Physicians
Oct 2, 2017 • 29 min
WCI discusses important financial aspects of being a military physician or a physician paid on a 1099. If this applies to you, make sure you listen to this podcast!
24: Potpourri of Listeners’ Questions
Sep 25, 2017 • 26 min
Many of listener questions are answered today on the podcast from diversifying bonds to getting on the same page financially with your spouse.
23: An Interview with Miss Bonnie MD
Aug 29, 2017 • 36 min
Listen to this interview between the WCI and Miss Bonnie MD, who is helping women find financial clarity through per blog and podcast. They discuss issues that female physicians face financially, attending expensive medical schools, practicing medicine in…
22: Nuts and Bolts of Financial Planning
Aug 21, 2017 • 43 min
Nuts and Bolts of Financial Planning. Listen to this Q&A between Dr. Dahle and a fellow listener to find the answers to many of your financial planning questions.
21: Tax Diversification
Jul 31, 2017 • 31 min
Tax Diversification Tax Diversification means not having all of your assets subject to the same tax effects, particularly during the withdrawal phase in retirement. Proponents of this concept argue you should have some tax-free money, some tax-deferred…
20: Comparing Independent Contractor Jobs with Employee Jobs
Jul 19, 2017 • 28 min
Which job offer is better? This is a common question and one which nearly every doctor wrestles with at some point during her career. In this podcast Dr. Dahle discusses the factors that should go into this decision.
19: Social Security
Jun 27, 2017 • 22 min
Do you count on Social Security when running your retirement projections? How do you do so? Do you discount it somehow? Listen to this podcast to better understand how social security benefits work and how to use them in your retirement plans.
18: Emergency Funds
Jun 19, 2017 • 23 min
What is the purpose of an emergency fund? How should you invest it? This podcast tells everything you ever wanted to know about emergency funds in general and WCI’s emergency fund in particular.
17: Understanding Tax Deductions and Credits
Jun 9, 2017 • 25 min
If you’ve ever wondered what the difference between tax deductions and tax credits is and desired to lower your tax bill, this is the podcast episode for you.
16: Understanding the Age 59 1/2 Rule
May 30, 2017 • 21 min
Planning on an early retirement? Listen to this podcast to understand the Age 59 1/2 Rule and how it may affect you. Dr. Dahle discusses all the exceptions to this rule to simplify your early retirement.
15: What to do if you have No 401K as a New Attending
May 24, 2017 • 11 min
When starting a job as an Attending, often there is a time period where you cannot contribute to the 401K. Dr. Dahle outlines some of the things you should be doing with your money during this time.
14: WCI Interviews the Physician on Fire
May 11, 2017 • 36 min
WCI Interviews the Physician on Fire. Listen to the first interview the anonymous PoF has granted! Learn about the path he took to gain financial independence before he was 40 and his plans to retire early.
13: Fixed versus Variable Rates
Apr 28, 2017 • 20 min
Fixed versus Variable Rates— Which is Better for Your Mortgage or Student Loan Refinance? There is a natural hesitancy to having a variable rate loan, because it creates uncertainty in the future. However, it is still often the correct choice in many…
12: Investing in Taxable Accounts — What You Need to Know
Apr 25, 2017 • 23 min
Ever wondered what you should do when you’ve maxed out your 401K, backdoor Roth IRA, and HSA but still want to save more? Dr. Dahle discusses the advantages to taxable accounts and what you need to know as you invest in them.
11: Should You Make Roth or Traditional 401K Contributions?
Mar 23, 2017 • 19 min
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…
10: An interview with Mrs. WCI
Mar 17, 2017 • 18 min
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…
9: The Four Pillars to Successfully Paying for Children’s Education
Mar 10, 2017 • 22 min
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…
8: Passive Income
Feb 24, 2017 • 23 min
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…
7: Backdoor Roth IRAs and Why You Should Be Funding Them
Feb 15, 2017 • 21 min
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.
6: Disability Insurance for High Income Earners
Feb 8, 2017 • 19 min
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…
5: Paying Down Student Loans Versus Investing
Jan 26, 2017 • 17 min
You’ve got a couple hundred thousand dollars worth of student loans hanging over your head, a big mortgage, and even a little bit of credit card debt. But you’re also looking at a huge tax bill, and besides, you don’t want to work forever, so you’ve been…
4: The Stealth IRA: A Health Savings Account May Be Your Best Retirement Plan
Jan 26, 2017 • 17 min
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…
3: How to Choose a Financial Advisor
Jan 19, 2017 • 21 min
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…
2: Everything You Need to Know about Whole Life Insurance
Jan 19, 2017 • 23 min
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…
1: Refinancing Student Loans
Jan 19, 2017 • 29 min
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…