White Coat Investor Podcast

White Coat Investor Podcast

whitecoatinvestor.libsyn.com/podcast
Helping Those Who Wear the White Coat get a “Fair Shake” on Wall Street
84: Bonds in a Rising Interest Rate Environment
Dec 13 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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 • 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…