Today, our friend Dr. Tyler Scott is joining Dr. Jim Dahle to talk about disability insurance and help answer your questions. Tyler is a licensed dentist turned financial planner and a columnist here at WCI. Tyler is here to preach the message that all docs need disability insurance, and he shares his story of going on disability. Later they talk about HSAs, saving for future home expenses, capital gains taxes, how to clean up a disaster of an investment account, and more.      You Need Disability Insurance  Jim Dahle:Tyler, this is a great opportunity while we have you ..read more

By Andrew Paulson, Lead Student Loan Consultant and Co-Founder of our partner site StudentLoanAdvice.com Since its introduction in the summer of 2023, the Saving on a Valuable Education (SAVE) repayment plan has exploded as the most popular repayment choice for student loan borrowers, with nearly 8 million enrolled. While SAVE offers several advantages, such as lower payments and an interest subsidy, it’s essential to understand that it’s not the best repayment plan for all borrowers. In fact, there are situations where you would be worse off enrolling into SAVE rather than staying in Pay As Y ..read more

By Dr. Jim Dahle, WCI Founder I found a very full email box on a recent Monday morning, so, while working out in the garage, I answered one question between each set. Many of them seemed applicable to others, so I turned them into a potpourri post.   How to Practice on Your Own Terms and Farmland Investing “Hope all is well. Really enjoyed (albeit virtual) the WCI conference. Two questions. #1 In terms of practicing medicine ‘on your own terms,' is this something truly realistic for non-ER/hospitalist-type providers? For example, I am a pediatric specialist (ped GI) and just don't see h ..read more

By Josh Katzowitz, WCI Content Director About a year ago, with the help of 20 fellow white coat investors, I created a new (hypothetical) investment called the White Coat Investor Fund (WCIF) to see how it would perform against VTSAX (the Vanguard Total Stock Market Index Fund) and FSKAX (the Fidelity Total Market Index Fund). Here’s how I spawned WCIF: During the week of WCICON23, I asked a slew of attendees and speakers to give me their favorite individual stock—whether it’s something they invest in or whether it’s just a company they happen to admire. What they chose made up our pseudo-ind ..read more

[Editor's Note: Looking to supercharge the way you plan for retirement? NewRetirement is a financial planning platform that can help people answer critical questions and model key financial issues for the future (Dr. Jim Dahle has called it “an online retirement calculator on steroids”). From now until April 30, WCI readers will get 20% off a purchase of NewRetirement’s Planner Plus (with this deal, you can get it for $96 per year—the price will increase to $120 on May 1). If you’re a DIY investor, NewRetirement is a fantastic resource. Make sure to check it out today!]   By Dr. Jim Dahle ..read more

By Dr. Margaret Curtis, WCI Columnist [Editor's Note: Readers of The White Coat Investor might know our columnist Dr. Margaret Curtis as a pediatrician, half of a dual-physician household, and the proud owner of a sidewalk sofa. She has been around long enough to have seen and experienced all kinds of professional challenges that physicians face. As her alter-ego, Auntie Marge, she shares opinions and gives advice. If you have questions about your work or financial life, Auntie Marge is here for you.] “My employer has recently mandated that physicians will chart in a shared workspace or ..read more

By Dr. Jim Dahle, WCI Founder Almost all of us with kids eventually face the dilemma of how much to save for their college education. Some kids don't go to college and some parents can't or don't save anything for their college, but among the high-income professionals that read this site, the vast majority of kids will go and the vast majority of parents will save something. The question is simply how much to save for college.   Philosophy About Paying for College Trumps All The most important consideration in this process is not the cost of school, but it's simply how you feel about pay ..read more

By Josh Katzowitz, WCI Content Director One hundred fifty-nine years ago today, John Wilkes Booth sneaked into Abraham Lincoln’s presidential booth and, while Lincoln and his wife watched the play “Our American Cousin” at Ford’s Theatre in Washington DC, Booth changed the course of history with a single gunshot. About 40 feet away from the presidential box, Dr. Charles Leale —who had arrived late to the theater that evening and who, thus, didn’t have a great seat to see the play or to see Lincoln—heard the shot and saw Booth, dagger in hand, leap onto the stage from the box. He heard a woman ..read more

By Dr. Jim Dahle, WCI Founder Doctor mortgage loans, aka physician mortgage loans, are being offered by an increasing number of banks and to an increasing number of high-income professionals other than just doctors. Today, I'll explain what you need to know about physician mortgage loans, weigh the pros and cons, and help you decide if a doctor loan is right for you. We'll also discuss other financing options for purchasing a home including conventional loans, FHA, and VA, and we'll introduce you to the best lenders offering these programs to white coat investors. For conventional home loans ..read more

By Dr. Jim Dahle, WCI Founder I am not Muslim, I do not speak Arabic, and I am certainly no expert on the Quran or Islamic investing. I have only spent five months of my life in a Muslim country, and I'm not sure I actually spoke to a single Muslim while I was there, locked down on one-quarter of a square mile on an Air Force base. Thus, there's a decent chance of an error somewhere in this post (which I'm sure will be rapidly corrected in the comments below). However, this post about Halal investing is in response to a question I have been receiving regularly from white coat investors for ye ..read more