White Coat Investor Podcast

Explore the ins and outs of the Mega Backdoor Roth IRA and discover the potential implications of holding onto old 401(k)s for added asset protection. Dive into the cash vs. bonds debate, highlighting modern investment strategies that adapt to fluctuating interest rates. Learn about managing retirement accounts for freelancers and how to optimize your asset allocation. Plus, tips on navigating 403b complexities and essential financial planning for high-income professionals.

An accomplished orthopedist who amassed $3 million just three years after training shares his inspirational journey. He and his wife tackled student loans, saved aggressively, and aligned their finances for a balanced life. They emphasize financial literacy and intentional choices that led to success. The conversation extends to the importance of a clear investment strategy, cautioning against FOMO, and exploring how commercial real estate can offer diversified opportunities without needing to invest in everything.

Michael Kitces, a CFP and creator of the popular blog Nerds Eye View, shares his deep insights into the financial planning industry. He discusses how to find trustworthy advisors and explores the gender gap in the profession, revealing why only 23% of CFPs are women. Kitces emphasizes the importance of relationship dynamics in financial advising, suggesting therapy training for advisors. The conversation also touches on how consumer protection and coaching can enhance the advisory experience, making financial wellness accessible for everyone.

An emergency physician shares how he and his family paid off an astounding $311,000 in student loans in under a year! By taking extra shifts and living like residents, they tackled their debt head-on. He passionately credits his wife's sacrifices for their success. The conversation also dives into the best paying hobby out there, revealing insights on financial independence for healthcare professionals. Discover how strategic planning and dedication can lead to a brighter financial future!

Discover the latest leadership changes at Vanguard and what they mean for investors. Explore the benefits of donating appreciated securities and real estate to charity. Learn strategic tips for contributing to your non-dependent adult child's Health Savings Account. Plus, hear personal stories about outdoor summer adventures and the joy of celebrating life's milestones over financial savings. This mix of financial wisdom and relatable anecdotes adds up to a captivating listen!

The pharmacist guest, who eliminated over $170,000 in student loans in just two years, shares insights on his intense budget discipline and teamwork with his wife. They discuss the significance of a financial plan, navigating challenges like COVID-19, and living below their means. The conversation shifts to optimizing retirement savings with the Mega Backdoor Roth strategy, highlighting the benefits of a Solo 401(k). It's an inspiring tale of resilience and smart financial choices!

Marita Mccahill, an expert in online marketing strategies for medical professionals, shares valuable insights for doctors looking to enhance their online presence. She emphasizes the importance of managing online reviews and personal branding to attract new patients. The conversation also covers how healthcare providers can leverage patient referrals and improve their marketing efforts, regardless of practice type. Marita offers practical strategies to build trust and drive growth in the digital age, making marketing accessible for all medical professionals.

This week’s guest is a Dental Specialist who impressively paid off $489,000 in student loans just two years post-training! He shares his journey, emphasizing the importance of a written financial plan and prioritizing debt repayment strategies. Explore innovative career paths in dentistry, like working as a mobile specialist, and the benefits it can bring. The conversation also dives into mastering financial literacy, strategic investment principles, and the value of staying committed during market fluctuations. An insightful listen for any medical professional!

Topics include quarterly estimated tax payments, tax loss harvesting, travel expenses, residency challenges, and group health insurance. The discussion emphasizes not letting tax drive investment decisions and navigating complex financial situations.

A pathologist shares their journey from $600,000 in debt to a $500,000 net worth through PSLF and financial education. They discuss evaluating rental property investments with 5 key rules, including buying at the right price and maximizing returns.