White Coat Investor Podcast

By Dr. Jim Dahle

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Description

Helping Physicians, Dentists, Residents, Students, And Other Highly-Educated Busy Professionals get a "fair shake" on Wall Street through sharing investing and personal finance information.

Episode Date
66: Long Term Care Insurance
36:57

Long term care insurance, cancer supplemental insurance, disability insurance - it is all covered in this episode as well as answering listener questions.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Set for Life Insurance. Set for Life Insurance was founded by President, Jamie K. Fleischner, CLU, ChFC, LUTCF in 1993 which she started while attending Washington University in St. Louis. They specialize in individual term life, disability and long term care insurance. They work on the client’s behalf to shop around to find the most suitable products at the most cost effective rate. Set for Life is first and foremost a client-centric company. They listen carefully to the needs of clients and shop around to find the best products available at the best rate. Because of the volume and exceptional reputation of Set for Life Insurance as well as the relationships they have developed over the years, Set for Life clients have access to special services not available elsewhere in the industry. This includes special discounts, gender neutral policies (saving women significantly), priority underwriting handling and on some occasions exceptions in the underwriting process. For more information, visit www.setforlifeinsurance.com.

Aug 09, 2018
65: An Interview with Coach Carson
52:27

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.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Splash Financial, a leader in student loan refinancing for doctors. Consolidate and refinance your federal and private student loans to save money and simplify your life. No application or origination fees and no prepayment penalties. Splash has new rates as low as 3.5% fixed APR which can save doctors tens of thousands of dollars over the life of their loans. Plus, WCI readers receive a $500 welcome bonus for refinancing with Splash. You can even use their loan assessment tool to compare government repayment options against refinancing. Visit whitecoatinvestor.com/splashfinancial to learn more and to check your rate in minutes.

Aug 02, 2018
64: Dealing with Inflation
37:53

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.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Adam Grossman of Mayport Wealth Management. Adam is a Boston-based advisor and works with physicians across the country. Unlike most other advisors, Adam offers straightforward flat fees for both standalone financial planning and investment management. Whatever stage you're at in your career, Adam can help you get organized with a personalized financial plan and can help you implement it with a low-cost index fund portfolio. Adam is a Chartered Financial Analyst and received his MBA from MIT, but more importantly, you'll benefit from Adam's own personal experience with many of the same financial obstacles and opportunities that face physicians. To learn more, visit Adam's website mayport.com/whitecoat to download a free e-book especially for physicians.

Jul 26, 2018
63: Hate Mail and a Disclosure
25:33

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.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is brought to you by 37th Parallel Properties. As you know, I'm primarily an index mutual fund guy. But there's a strong body of evidence supporting alternative investments - especially commercial multifamily investments. They can provide non-correlated equity growth and tax-advantaged income. Full disclosure, I've just started investing with 37th Parallel. But, several members of White Coat Investor have invested with them and all seem to be happy with their results and reporting. With over $300M in profitable multifamily transactions, they've made the Inc. 5000 list of fastest growing companies the past two years and are on pace to do it again this year. One thing I really like is that 37th Parallel educates their investors. You can learn more about them and get a very informative introduction to how commercial multifamily investing works via their special report Evidence Based Investing. Check out 37parallel.com/ebi

Jul 19, 2018
62: An Interview with Vagabond MD
58:39

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 thinks becoming a doctor is still worth it or at what level of debt should they change their minds, if any.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by our friends at Zoe Financial. Finding a reputable financial advisor can be difficult. And even more difficult, is finding an advisor you personally connect with, that also specializes in the areas where you need help like taxes, diversifying investments, or just budgeting. That’s where Zoefin.com comes in. They have developed an algorithm that matches you with with an advisor based on your unique life stage & goals. All of the advisors in Zoe’s network are independent, accredited, fee only fiduciaries - amazingly this means that Zoe rejects 95% of the advisors they interview, so you don’t have to waste time with sales people. Visit Zoefin.com/whitecoat to take their quiz and schedule your free call today.

Jul 12, 2018
61: All About Residents
30:59

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.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by PracticeLink. Did you know PracticeLink, the #1 online physician job board, helps you find the right opportunity in the right community, AND it's 100% free? Join PracticeLink today to browse physician and advanced practitioner opportunities across town or across the country. Create a profile to make yourself visible to physician recruiters looking for you. Visit info.PracticeLink.com/WCI to learn about all the free career resources available. That’s I N F O dot PracticeLink dot com slash WCI.

Jul 05, 2018
60: An Interview with Ryan Gray from Medical School Headquarters
45:19

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 the process.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Splash Financial, a leader in student loan refinancing for doctors. Consolidate and refinance your federal and private student loans to save money and simplify your life. No application or origination fees and no prepayment penalties. Splash has new rates as low as 3.5% fixed APR which can save doctors tens of thousands of dollars over the life of their loans. Plus, WCI readers receive a $500 welcome bonus for refinancing with Splash. You can even use their loan assessment tool to compare government repayment options against refinancing. Visit whitecoatinvestor.com/splashfinancial to learn more and to check your rate in minutes.

Jun 28, 2018
59: Is Dr. Mike Meru Crazy?
37:26

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.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by CommonBond. If you’re like many of your peers, your heart probably drops each time you see how much you owe in medical school loans. But, it doesn’t have to be this way. You don’t have to live life with high payments or high interest. By simplifying all of their student loans into one loan at a lower rate, Doctors save $50,615 on average—and CommonBond is here to help you do it. With a straight-forward, commitment free application, you’ll get your new interest rate in two minutes. CommonBond is also the leader in borrower protections versus other options, because they know how unpredictable life is. And, their award-winning service team has your back every step of the way. As a member of the WCI community, you’ll get a $500 bonus when you refinance with CommonBond. Apply today at Commonbond.co/wci to lock in your rates before they go up. CommonBond is a licensed lender. NMLS number 1175900

Jun 21, 2018
58: An Interview with Sarah Catherine Gutierrez from Aptus Financial
01:05:53

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 financial advising business going in the future. They discuss the different ways that advisors are paid and the conflicts of interests with each type.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Set for Life Insurance. Set for Life Insurance was founded by President, Jamie K. Fleischner, CLU, ChFC, LUTCF in 1993 which she started while attending Washington University in St. Louis. They specialize in individual term life, disability and long term care insurance. They work on the client’s behalf to shop around to find the most suitable products at the most cost effective rate. Set for Life is first and foremost a client-centric company. They listen carefully to the needs of clients and shop around to find the best products available at the best rate. Because of the volume and exceptional reputation of Set for Life Insurance as well as the relationships they have developed over the years, Set for Life clients have access to special services not available elsewhere in the industry. This includes special discounts, gender neutral policies (saving women significantly), priority underwriting handling and on some occasions exceptions in the underwriting process. For more information, visit www.setforlifeinsurance.com.

Jun 14, 2018
57: Questions from Doctors Doing Well and Doctors in Trouble
30:48

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.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Adam Grossman of Mayport Wealth Management. Adam is a Boston-based advisor and works with physicians across the country. Unlike most other advisors, Adam offers straightforward flat fees for both standalone financial planning and investment management. Whatever stage you're at in your career, Adam can help you get organized with a personalized financial plan and can help you implement it with a low-cost index fund portfolio. Adam is a Chartered Financial Analyst and received his MBA from MIT, but more importantly, you'll benefit from Adam's own personal experience with many of the same financial obstacles and opportunities that face physicians. To learn more, visit Adam's website mayport.com/whitecoat to download a free e-book especially for physicians.

Jun 07, 2018
56: An Interview with Mike Piper from the Oblivious Investor
01:07:07

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 Corp decision,and frequent tax issues that high income professionals face.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by CommonBond. If you’re like many of your peers, your heart probably drops each time you see how much you owe in medical school loans. But, it doesn’t have to be this way. You don’t have to live life with high payments or high interest. By simplifying all of their student loans into one loan at a lower rate, Doctors save $50,615 on average—and CommonBond is here to help you do it. With a straight-forward, commitment free application, you’ll get your new interest rate in two minutes. CommonBond is also the leader in borrower protections versus other options, because they know how unpredictable life is. And, their award-winning service team has your back every step of the way. As a member of the WCI community, you’ll get a $500 bonus when you refinance with CommonBond. Apply today at Commonbond.co/wci to lock in your rates before they go up. CommonBond is a licensed lender. NMLS number 1175900

May 31, 2018
Bonus Episode: WCI Conference Video Course
07:59

Bonus Episode! On March 1-3, 2018, 300 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 receptions, informal dinners, and skiing, but it also included 12 hours of lectures, a panel of physician financial bloggers, and a book signing event.

The lectures and blogger panel were recorded and compiled with slides, if used, into this online course, which is now made available to you to watch on any device at any time convenient to you without requiring expensive or inconvenient travel to Park City.

Get the online version of The White Coat Investor Conference in Park City today.

May 28, 2018
55: Basics of Investing
28:04

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 everyone should have learned in Investing 101. Learn it from me or learn it in the school of hard knocks, but you will learn it.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Splash Financial, a leader in student loan refinancing for doctors. Consolidate and refinance your federal and private student loans to save money and simplify your life. No application or origination fees and no prepayment penalties. Splash has new rates as low as 3.5% fixed APR which can save doctors tens of thousands of dollars over the life of their loans. Plus, WCI readers receive a $500 welcome bonus for refinancing with Splash. You can even use their loan assessment tool to compare government repayment options against refinancing. Visit whitecoatinvestor.com/splashfinancial to learn more and to check your rate in minutes.

May 24, 2018
54: Asset Protection
31:50

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.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Set for Life Insurance. Set for Life Insurance was founded by President, Jamie K. Fleischner, CLU, ChFC, LUTCF in 1993 which she started while attending Washington University in St. Louis. They specialize in individual term life, disability and long term care insurance. They work on the client’s behalf to shop around to find the most suitable products at the most cost effective rate. Set for Life is first and foremost a client-centric company. They listen carefully to the needs of clients and shop around to find the best products available at the best rate. Because of the volume and exceptional reputation of Set for Life Insurance as well as the relationships they have developed over the years, Set for Life clients have access to special services not available elsewhere in the industry. This includes special discounts, gender neutral policies (saving women significantly), priority underwriting handling and on some occasions exceptions in the underwriting process. For more information, visit www.setforlifeinsurance.com.

May 17, 2018
53: Tax Cut and Jobs Act Pass Through Deduction
30:13

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 if married). This episode we talk about the Tax Cut and Jobs Act pass through deduction as well as answer a whole bunch of questions from readers.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information.

Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/ This episode is sponsored by DI4MDS - Disability Insurance Specialists. Recognizing physicians value time and independence, D.K. Unger has developed tools that streamline the process of reviewing and implementing life and disability insurance. One of the new tools is a unique, instantaneous, term life quote and comparison software that requires no identifying information. Compare your rates from the top companies in 60 seconds by going to termlifeguide.com/home/di4mds.

May 13, 2018
52: An Interview with Lara McElderry from Married to Doctors
46:00

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 to feel resentment, friction, and stress in your relationship despite how much you love each other. Lara's mission statement is simple, "Making Successful Homes Happier." We talk about how to do that in this episode.

 

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

 

This episode is sponsored by Adam Grossman of Mayport Wealth Management. Adam is a Boston-based advisor and works with physicians across the country. Unlike most other advisors, Adam offers straightforward flat fees for both standalone financial planning and investment management. Whatever stage you're at in your career, Adam can help you get organized with a personalized financial plan and can help you implement it with a low-cost index fund portfolio. Adam is a Chartered Financial Analyst and received his MBA from MIT, but more importantly, you'll benefit from Adam's own personal experience with many of the same financial obstacles and opportunities that face physicians. To learn more, visit Adam's website mayport.com/whitecoat to download a free e-book especially for physicians.

May 03, 2018
51: Another Visit to Whole Life Insurance Land
42:21

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.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Splash Financial, a leader in student loan refinancing for doctors. Consolidate and refinance your federal and private student loans to save money and simplify your life. No application or origination fees and no prepayment penalties. Splash has new rates as low as 3.5% fixed APR which can save doctors tens of thousands of dollars over the life of their loans. Plus, WCI readers receive a $500 welcome bonus for refinancing with Splash. You can even use their loan assessment tool to compare government repayment options against refinancing. Visit whitecoatinvestor.com/splashfinancial to learn more and to check your rate in minutes.

Apr 26, 2018
50: An Interview with Paul Merriman
01:13:26

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 Bogleheads community, not only for his advocacy of a tilted portfolio, but also the trend following bit, so we focus heavily on that today.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This podcast is sponsored by Chris Wimberly at The Disability Doc. Chris has helped hundreds of physicians and families protect their income. His insurance practice is “independent”, meaning he works for you and not on behalf of any single carrier. Chris brings a fresh approach to the table, and helps simplify the process of creating a plan. Oh... and also... he has access to the best discounts nationwide. To experience the benefits of working with Chris, please visit: thedisabilitydoc.com ...and “doc” is spelled D-O-C. So again, that’s thedisabilitydoc.com

Apr 19, 2018
49: Tales From my Email Box
24:33

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 why you should make a plan early concerning how you will deal with it.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Bob Bhayani at Doctor Disability Quotes.com . They are a truly independent provider of disability insurance planning solutions to the medical community nation wide. Bob specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. Contact Bob today by email at info@drdisabilityquotes.com or by calling 973-771-9100

Apr 12, 2018
48: Choose Financial Independence
54:39

Dr. Dahle interviews Brad and Jonathan from the ChooseFI podcast. They discuss many different aspects of financial independence.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is brought to you by 37th Parallel Properties. As you know, I'm primarily an index mutual fund guy. But there's a strong body of evidence supporting alternative investments - especially commercial multifamily investments. They can provide non-correlated equity growth and tax-advantaged income. Full disclosure, I've just started investing with 37th Parallel. But, several members of White Coat Investor have invested with them and all seem to be happy with their results and reporting. With over $300M in profitable multifamily transactions, they've made the Inc. 5000 list of fastest growing companies the past two years and are on pace to do it again this year. One thing I really like is that 37th Parallel educates their investors. You can learn more about them and get a very informative introduction to how commercial multifamily investing works via their special report Evidence Based Investing. Check out 37parallel.com/ebi

Apr 05, 2018
47: Staying the Course, Stock Purchase Plans, and TSP Loans
25:33

In this episode Dr. Dahle answers listeners' questions about staying the course with your investing, stock purchase plans, and TSP Loans.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Set for Life Insurance. Set for Life Insurance was founded by President, Jamie K. Fleischner, CLU, ChFC, LUTCF in 1993 which she started while attending Washington University in St. Louis. They specialize in individual term life, disability and long term care insurance. They work on the client’s behalf to shop around to find the most suitable products at the most cost effective rate. Set for Life is first and foremost a client-centric company. They listen carefully to the needs of clients and shop around to find the best products available at the best rate.

Because of the volume and exceptional reputation of Set for Life Insurance as well as the relationships they have developed over the years, Set for Life clients have access to special services not available elsewhere in the industry. This includes special discounts, gender neutral policies (saving women significantly), priority underwriting handling and on some occasions exceptions in the underwriting process. For more information, visit www.setforlifeinsurance.com.

Mar 29, 2018
46: The Happy Philosopher
55:30

WCI interviews The Happy Philosopher in this episode discussing physician burnout and what can be done about it.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Larry Keller, CFP, CLU, ChFC, RHU, LUTCF at Physician Financial Services. Larry is well-known to long-term blog readers from the nearly dozen guest posts he has submitted over the years. He has also worked with literally hundreds of WCI readers to get term life and disability insurance coverage in place. I’ve received tons of favorable feedback and absolutely zero negative feedback about Larry over the years. If you are in need of term life or disability insurance contact Larry at 516-677-6211 or LKeller@physicianfinancialservices.com.

Mar 22, 2018
45: Interview with Curbside Real Estate
37:14

I am continually fascinated by the burning desire among graduating medical students and even residents, and particularly their spouses, to purchase a home as soon as is humanly possible despite having a net worth of a negative $200,000 or $300,000. I try to talk them out of it but I know many will do it anyway. I'm often asked for referrals for realtors that work frequently with physicians. I want you to buy the right house at the right time. This episode introduces a new WCI partner, Curbside Real Estate, that can help you buy your home when the time is right. 

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by CurbsideRealEstate.com, a free real estate concierge service for physicians, by physicians. After struggling through his first home purchase, Dr. Peter Kim founded Curbside Real Estate to address physician-specific issues encountered during the home buying process. In addition to providing news and information, CurbsideRealEstate.com is your physician-led “curbside consult” for physician home loans, expert real estate agents, relocation, and everything in between. Whether you’re securing your first home loan, just beginning your home search, or you’re not sure where to start, CurbsideRealEstate.com can help you navigate the home buying process confidently and efficiently, saving you valuable time and money. Exclusive bonus for White Coat Investor readers: $100 bonus at closing.

Mar 15, 2018
44: Complicated Aspects of 401(k)s
29:36

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.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Adam Grossman of Mayport Wealth Management. Adam is a Boston-based advisor and works with physicians across the country. Unlike most other advisors, Adam offers straightforward flat fees for both standalone financial planning and investment management. Whatever stage you're at in your career, Adam can help you get organized with a personalized financial plan and can help you implement it with a low-cost index fund portfolio. Adam is a Chartered Financial Analyst and received his MBA from MIT, but more importantly, you'll benefit from Adam's own personal experience with many of the same financial obstacles and opportunities that face physicians. To learn more, visit Adam's website mayport.com/whitecoat to download a free e-book especially for physicians.

Mar 08, 2018
43: Merger Arbitrage with Peter Steinberg MD
47:17

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 a huge downside. Listen to learn more.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by DrDisabilityQuotes.com . Bob Bhayani, MBA, is managing partner for a truly independent provider of disability insurance planning solutions to the medical community nationwide. Bob regularly lectures at hospitals and faculties regarding creation of income protection and risk management solutions. Bob has specialized in working with residents and fellows early in their careers to set up sound financial and insurance strategies. Bob has leveraged his decades worth of relationships with top insurance companies to deliver discounts to all eligible applicants. DrDisabilityQuotes.com is an interactive website where physicians are able to gain a wealth of knowledge regarding disability insurance and also run instant life insurance comparison quotes from various companies. For your insurance needs contact Bob at info@drdisabilityquotes.com or 973-771-9100.

Mar 01, 2018
42: Buy One Property A Year
37:18

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, path to financial independence.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

Splash Financial is a leader in student loan refinancing for doctors. Consolidate and refinance your federal and private student loans to save money and simplify your life. No application or origination fees and no prepayment penalties. Your family is always protected with loan forgiveness in case of death and permanent disability. Plus, WCI readers receive a $1,000 bonus for loans over $200k, a $500 bonus for loans $100k-$200k, or $250 bonus for loans under $100k. You can even use their loan assessment tool to compare government repayment options against refinancing. Visit www.whitecoatinvestor.com/splashfinancial

Feb 22, 2018
41: Getting A Second Opinion
28:51

In the medical world, it is routine to get a second opinion. The more serious the condition, the more likely a patient will seek a second opinion. Most doctors take no offense to this, nor should they. 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 or two of someone’s time to make sure you’re not doing anything too crazy with their money. Of course, I understand why it is a big deal since most clients that go for a second opinion never come back because most “advisors” aren’t giving good advice. If you’ve never had a second opinion, I highly recommend it and will discuss ways to get that second opinion on your financial plan.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Firstmetric, a low-cost investment advisory firm that provides investment planning and portfolio management services using index funds from Vanguard and Dimensional Fund Advisors; among others. Scott Salaske is the CEO of Firstmetric and host of the Seeking Wealth podcast. He has 20 years of experience helping physicians and other professionals make the switch to an indexing investment philosophy. To learn more about how Firstmetric can help you lower your investment fees and start using index funds visit their website at www.firstmetric.com.

Feb 15, 2018
40: Physician on Fire Update
57:51

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.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Adam Grossman of Mayport Wealth Management. Adam is a Boston-based advisor and works with physicians across the country. Unlike most other advisors, Adam offers straightforward flat fees for both standalone financial planning and investment management. Whatever stage you're at in your career, Adam can help you get organized with a personalized financial plan and can help you implement it with a low-cost index fund portfolio. Adam is a Chartered Financial Analyst and received his MBA from MIT, but more importantly, you'll benefit from Adam's own personal experience with many of the same financial obstacles and opportunities that face physicians. To learn more, visit Adam's website mayport.com/whitecoat to download a free e-book especially for physicians.

Feb 08, 2018
39: Five Questions on SERPs, New Tax Law, Inherited IRAs, and Gifts
16:32

Dr. Dahle answers listeners' questions in this episode. He covers questions about SERPs, the new tax law, inherited IRAs, and gifts.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by ProAssurance professional liability insurance for doctors. Their numbers show they close more medical malpractice claims without indemnity payouts. ProAssurance also spends more on defense and less on settlements. You can get the facts about medical liability insurance and strong defense at ProAssurance.com.

Feb 01, 2018
38: Bitcoin, Prenups, and Investing vs Paying off Debt
20:06

In this episode Dr. Dahle answers listeners' questions about bitcoin, prenups, and whether you should be investing or paying off debt.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by PracticeLink. Did you know PracticeLink, the #1 online physician job board, helps you find the right opportunity in the right community, AND it's 100% free? Join PracticeLink today to browse physician and advanced practitioner opportunities across town or across the country. Create a profile to make yourself visible to physician recruiters looking for you. Visit info.PracticeLink.com/WCI to learn about all the free career resources available. That’s I N F O dot PracticeLink dot com slash WCI.

Jan 25, 2018
37: Introducing the WCI Online Course: Fire Your Financial Advisor
29:21

This episode is an introduction to the new WCI course, Fire Your Financial Advisor! Over the years that I’ve been helping doctors and other high income professionals stop doing dumb stuff with their money, I’ve learned that most of them aren’t hobbyists. They don’t find personal finance and investing all that interesting. In fact, if given the choice, they’d rather not do it at all. Ideally, they would hire a “money guy (or gal)" who would take care of all this for them for a reasonable price.

Unfortunately, one of two things usually happens. The first is that they hire a “money guy,” but that person either gives crummy advice or charges too much for good advice. The second is that they become so busy or so paralyzed about which “money gal” to hire that they don’t do anything at all. Either way, they leave a lot of money on the table and go through life with a sense of unease that they are doing something wrong with their finances.

Does that describe you? If so, 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. For 1/10th the price and half the time of hiring a professional financial planner, this course will take you from feeling anxious and having no plan to having a written financial plan you can follow the rest of your investing career as a professional and a retiree. This course is the material that should have been taught to you in college, medical school, or residency but never was.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This podcast is sponsored by SoFi, one of the world leaders in student loan refinancing. Do you know how easy it is to start saving money on your student loans by refinancing? SoFi offers a free online application to refinance. As the leading student loan refinancing provider in the country, they’ve already helped over ten thousand doctors save $46,086 on average on their student loans. They can help you too. There’s no obligation and no fees to apply. Take two minutes to see your new low student loan interest rate on SoFi and you could save tens of thousands of dollars on your student loans. As a member of the WCI community you’ll get $300 towards your student loan when you apply to refinance with SoFi. Now medical residents can refinance their student loans with SoFi too and pay just $100 a month during their training.

Jan 18, 2018
36: Interview with Nathaniel Minnick, DO
56:53

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 physicians who are dedicated to helping their colleagues become financially literate.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

Did you know the average professional saves over $20,000 when refinancing with Laurel Road?

Laurel Road has helped thousands of professionals with graduate and undergraduate degrees across the country refinance federal and private school loans – over $3 billion to date.

In addition to offering a $300 bonus for WCI readers who refinance student loans with Laurel Road, those in residency or fellowship can pay $100 per month throughout and up to 6 months after training.

For more information and to submit an application, simply visit www.laurelroad.com/wcipc. L-A-U-R-E-L-R-O-A-D dot com, slash W-C-I-P-C.

Laurel Road is a Division of Darian Rowayton Bank, FDIC insured and established in 2006, and is an equal opportunity lender.

 

Jan 11, 2018
35_Interview with Jordan Goodman from Money Answers
39:08

This show is an interview with Jordan Goodman, “America’s Money Answers Man” and a nationally-recognized expert on personal finance.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by ProAssurance, professional liability insurance for doctors. They understand the risks involved in the practice of medicine. Your reputation is at stake, and even the best doctors face malpractice allegations. Count on ProAssurance for superior defense against claims—it’s part of their commitment to treat you fairly. ProAssurance is rated A+ Superior by A.M. Best. Learn what it means to be treated fairly at ProAssurance.com.

Jan 04, 2018
34_Good Investing is Boring Investing
18:22

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.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This podcast is sponsored by Education Loan Finance. Education Loan Finance is here to empower you to a brighter future. We do that by helping you through the refinancing process with your own personal loan advisor who will be with you during the entire process. Education Loan Finance also has some of the lowest rates in the industry. You can learn more and get the special White Coat Investor deal, $325 back to you, at ELFI.com/whitecoatinvestor

Dec 28, 2017
33: Questions from Medical Students
20:58

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 responsible investing and whether we should be doing it is addressed as well as the backdoor Roth IRA that every doctor should know about.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by ProAssurance, professional liability insurance for doctors. They understand the risks involved in the practice of medicine. Your reputation is at stake, and even the best doctors face malpractice allegations. Count on ProAssurance for superior defense against claims—it’s part of their commitment to treat you fairly. ProAssurance is rated A+ Superior by A.M. Best. Learn what it means to be treated fairly at ProAssurance.com.

Dec 21, 2017
32: Passive Income MD
31:59

We have a special guest in this episode, Passive Income M.D. He's the newest addition to the White Coat Investor Network, which is a network of physician and other high income professional focused blogs that are trying to get this information into your hands so you can find the financial success you deserve. 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. Things are constantly changing in medicine. And let's be honest it's almost never better for the physician. One of the best ways to combat  burnout is really by relieving yourself of the financial pressure from medicine itself and that comes from having multiple sources of income. And the more passive the better. Passive Income MD shares some of his forms of passive income in this episode and discusses how others can open up these streams of revenue for themselves.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Adam Grossman of Mayport Wealth Management. Adam is a Boston-based advisor and works with physicians across the country. Unlike most other advisors, Adam offers straightforward flat fees for both standalone financial planning and investment management. Whatever stage you're at in your career, Adam can help you get organized with a personalized financial plan and can help you implement it with a low-cost index fund portfolio. Adam is a Chartered Financial Analyst and received his MBA from MIT, but more importantly, you'll benefit from Adam's own personal experience with many of the same financial obstacles and opportunities that face physicians. To learn more, visit Adam's website to download a free e-book especially for physicians.

Dec 14, 2017
31: Alternative Investments with Dr. Meadows
47:44

Alternative Investments with Dr. Meadows

Our guest on this episode is Dr. Kenyon Meadows, a radiation oncologist who practices in Georgia. He recently wrote a book called Alternative Financial Medicine: High Yield Investments in a Low Yield World. In the book he discusses his ongoing 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 index funds. So far it has been a pretty good experience. In this episode we get into both Dr. Meadow’s alternative investments and my own.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This podcast is sponsored by Fundrise. Fundrise gives investors access to the exclusive benefits of private market real estate through a simple, online platform. That means, with Fundrise, you can invest in premium private real estate assets and earn up to 33% higher expected annual returns than those expected of traditional stocks and bonds. Experience all the benefits of the private market, plus the transparency of an online service and none of the hidden costs or mediocre returns inherent in the public market. You can get started today with an investment tailored to your portfolio goals, ranging from supplemental income to long-term growth. With Fundrise, anyone can finally invest in real estate like a billion dollar institution. To learn more, visit Fundrise.com/whitecoat.

Dec 07, 2017
30: How to Invest at All Time Highs
23:17

How to Invest at All Time Highs

Our topic on the podcast today is how to invest at all time highs. This is a question I've been hearing a lot lately both in person, via e-mail, and in comments. But in reality I view it as an investing teenager question. It is not an investing child question because when you're just getting started as an investor, you don't even worry about stuff like this because you don't know it is a problem. You don't really know where the market is at. It's only as you start learning a little bit about investing that you start worrying about things like this. And then as you become an investing adult you realize that worrying about this doesn't do you any good. And so you stop. But in that transitionary period, it is a big concern for a lot of people. So we're going to talk about what to do when the market is at an all time high.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Proassurance, professional liability insurance for doctors. Their numbers show they close more medical malpractice claims without indemnity payouts. Proassurance also spends more on defense and less on settlements. You can get the facts about medical liability insurance and strong defense at Proassurance.com.

Nov 30, 2017
29: Tax Reform Bill in Congress
38:57

Tax Reform Bill in Congress

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 is actually good for me and you. Listen to this podcast to learn what changes are on the new tax reform bill and how it will affect you.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This podcast is sponsored by SoFi, one of the world leaders in student loan refinancing. Do you know how easy it is to start saving money on your student loans by refinancing? SoFi offers a free online application to refinance. As the leading student loan refinancing provider in the country, they’ve already helped over ten thousand doctors save $46,086 on average on their student loans. They can help you too. There’s no obligation and no fees to apply. Take two minutes to see your new low student loan interest rate on SoFi and you could save tens of thousands of dollars on your student loans. As a member of the WCI community you’ll get $300 towards your student loan when you apply to refinance with SoFi. Now medical residents can refinance their student loans with SoFi too and pay just $100 a month during their training.

Nov 16, 2017
28: What Matters Most in Personal Finance
24:03

What Matters Most in Personal Finance

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 that matter most.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Sofi. Hundreds of WCI readers have refinanced their student loans with SoFi over the last 1-2 years saving literally millions of dollars in interest. If you apply via this link, http://www.sofi.com/whitecoat you’ll get paid $300. If you’re smart, you’ll just have them apply that to your loan balance.

Nov 04, 2017
27: How to Get Rich Quickly
24:29

How to Get Rich Quickly

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.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Larry Keller, CFP, CLU, ChFC, RHU, LUTCF at Physician Financial Services. Larry is well-known to long-term blog readers from the nearly dozen guest posts he has submitted over the years. He has also worked with literally hundreds of WCI readers to get term life and disability insurance coverage in place. I’ve received tons of favorable feedback and absolutely zero negative feedback about Larry over the years. If you are in need of term life or disability insurance contact Larry at 516-677-6211 or LKeller@physicianfinancialservices.com.

Oct 30, 2017
26: When to Buy a Home
32:07

When to Buy a Home.

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 many significant benefits of owning a home. However, there are time periods in life when owning your home is a not such a great financial move. In this podcast Dr. Dahle discusses when it is a good time to buy a home.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by DrDisabilityQuotes.com . Bob Bhayani, MBA, is managing partner for a truly independent provider of disability insurance planning solutions to the medical community nationwide. Bob regularly lectures at hospitals and faculties regarding creation of income protection and risk management solutions. Bob has specialized in working with residents and fellows early in their careers to set up sound financial and insurance strategies. Bob has leveraged his decades worth of relationships with top insurance companies to deliver discounts to all eligible applicants. DrDisabilityQuotes.com is an interactive website where physicians are able to gain a wealth of knowledge regarding disability insurance and also run instant life insurance comparison quotes from various companies. For your insurance needs contact Bob at info@drdisabilityquotes.com or 973-771-9100.

Oct 24, 2017
#25: Military and 1099 Physicians
29:24

Military and 1099 Physicians.

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!

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode was sponsored by WCI Student Loan Refinancing Page. Perhaps the worst part about being a high-income professional is beginning your career with a massive debt burden hanging over your head. Eliminating your educational debt at the beginning of your career will increase your happiness and speed your way to financial freedom, allowing you to take advantage of future opportunities, both professional and personal. En route to debt elimination, most professionals should take advantage of the ability to refinance your debt with a private company. Go to the WCI Student Loan Refinancing Page where WCI has negotiated a special deal with each of these companies, so when you refinance with them, they pay you $100-1000.

Oct 02, 2017
#24: Potpourri of Listeners' Questions
26:10

Potpourri of Listeners' Questions.

Many of listener questions are answered today on the podcast from diversifying bonds to getting on the same page financially with your spouse.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Earnest, an online lender that helps doctors refinance their student loans. Their M.D. clients save an average of $48,223. That’s a few hundred extra dollars each month to start putting in savings or help pay other bills. They’re also offering a $300 signing bonus to podcast listeners if you apply through earnest.com/whitecoat. Apply online today and get expert support every step of the way at earnest.com/whitecoat. 

 

 

Sep 25, 2017
#23: An Interview with Miss Bonnie MD
36:40

An Interview with Miss Bonnie MD.

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 a high cost of living area and much more.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This podcast was brought to you by Contract Diagnostics – this is a company that specializes in contract reviews – specialization is something we can all appreciate here. So when you have contract needs give them a call – they are a long term sponsor and have helped many of your WCI colleagues. They’ll help you understand your contract and make sure it lines up with your interests. Even if you don't need a contract review, Contract Diagnostics can provide compensation data so you can see how it stacks up - and they do see discrepancies between male and female physicians often. Contractdiagnostics.com or 888-574-5526

 

 

Aug 29, 2017
#22: Nuts and Bolts of Financial Planning
43:54

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.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by LendingHome, an online lender for home mortgage and hard money borrowers. Accredited investors have seen over $890 million in returns with 7,300 loans, backed by real assets, issued to date. Earn up to $2,500 when you invest your IRA into LendingHome’s Investor Platform while diversifying your portfolio at the same time. Learn more today at Lendinghome.com/WCI or by calling 1-844-415-4663.

 

Aug 21, 2017
#21: Tax Diversification
31:49

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 money, and some taxable money.  This not only provides against against the possibility of severe changes in tax brackets, but also allows you to control your tax bill to a certain extent in retirement. Listen to this podcast to learn more.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by DrDisabilityQuotes.com . Bob Bhayani, MBA, is managing partner for a truly independent provider of disability insurance planning solutions to the medical community nationwide. Bob regularly lectures at hospitals and faculties regarding creation of income protection and risk management solutions. Bob has specialized in working with residents and fellows early in their careers to set up sound financial and insurance strategies. Bob has leveraged his decades worth of relationships with top insurance companies to deliver discounts to all eligible applicants. DrDisabilityQuotes.com is an interactive website where physicians are able to gain a wealth of knowledge regarding disability insurance and also run instant life insurance comparison quotes from various companies. For your insurance needs contact Bob at info@drdisabilityquotes.com or 973-771-9100.

Jul 31, 2017
#20: Comparing Independent Contractor Jobs with Employee Jobs
28:50

Comparing Independent Contractor Jobs with Employee Jobs.

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.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Laurel Road. Do you know how easy it is to refinance your student loans to lower interest rates? Laurel Road offers a FREE, online application and their borrowers save an average of $20,200+ over the life of their loans when refinancing. As a member of the WCI community, you’ll get a $300 bonus when refinancing with Laurel Road! Even residents can refinance and pay only $100/month during training. To learn more and get rates within minutes, visit https://www.laurelroad.com/refinance-student-loans/?white-coat-investor

 

Jul 19, 2017
#19: Social Security
22:49

Social Security

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.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Set for Life Insurance. Set for Life Insurance was founded by President, Jamie K. Fleischner, CLU, ChFC, LUTCF in 1993 which she started while attending Washington University in St. Louis. They specialize in individual term life, disability and long term care insurance. They work on the client’s behalf to shop around to find the most suitable products at the most cost effective rate. Set for Life is first and foremost a client-centric company. They listen carefully to the needs of clients and shop around to find the best products available at the best rate. 

Because of the volume and exceptional reputation of Set for Life Insurance as well as the relationships they have developed over the years, Set for Life clients have access to special services not available elsewhere in the industry. This includes special discounts, gender neutral policies (saving women significantly), priority underwriting handling and on some occasions exceptions in the underwriting process.

For more information, visit www.setforlifeinsurance.com.

 

Jun 27, 2017
#18: Emergency Funds
23:17

Emergency Funds

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.

 
If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/
 
This episode is sponsored by EquityMultiple. Commercial Real Estate Investing shouldn't be difficult. EquityMultiple is making it easier for accredited investors to invest in commercial opportunities that are vetted by seasoned real estate professionals. 
 
For as little as $5,000, you can now invest alongside experienced real estate companies across the country - they handle all the difficulties of management and you enjoy the benefits of partial ownership. Start creating your own diversified real estate portfolio today.
 
For more information, and to get started, visit EQUITYMULTIPLE at www.equitymultiple.com
 
Securities offered through Growth Capital Services (member FINRA, SIPC). Investment results vary and all investments involve risk.

 

Jun 19, 2017
#17: Understanding Tax Deductions and Credits
25:16

Understanding Tax Deductions and Credits.

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.


If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by DrDisabilityQuotes.com . Bob Bhayani, MBA, is managing partner for a truly independent provider of disability insurance planning solutions to the medical community nationwide. Bob regularly lectures at hospitals and faculties regarding creation of income protection and risk management solutions. Bob has specialized in working with residents and fellows early in their careers to set up sound financial and insurance strategies. Bob has leveraged his decades worth of relationships with top insurance companies to deliver discounts to all eligible applicants. DrDisabilityQuotes.com is an interactive website where physicians are able to gain a wealth of knowledge regarding disability insurance and also run instant life insurance comparison quotes from various companies. For your insurance needs contact Bob at info@drdisabilityquotes.com or 973-771-9100.

Jun 09, 2017
#16: Understanding the Age 59 1/2 Rule
21:22

Understanding the Age 59 1/2 Rule.

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.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode was sponsored by Set for Life Insurance, founded by Jamie Fleischner, CLU, ChFC, LUTCF. They specialize in individual term life, disability, and long term care insurance. They are first and foremost a client centric company. They listen carefully to the needs of clients and shop around to find the most suitable products at the most cost effective rate. Because of the volume and exceptional reputation of Set for Life as well as the relationships they have developed over the years, Set for Life clients have access to special services not available elsewhere in the industry. This include special discounts, gender neutral policies (saving women significantly), priority underwriting handling, and on some occasions, exceptions in the underwriting process. For more information visit www.setforlifeinsurance.com

 

 

 

 

May 30, 2017
#15: What to do if you have No 401K as a New Attending
11:41

What to do if you have No 401K as a New Attending.

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.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by DrDisabilityQuotes.com . Bob Bhayani, MBA, is managing partner for a truly independent provider of disability insurance planning solutions to the medical community nationwide. Bob regularly lectures at hospitals and faculties regarding creation of income protection and risk management solutions. Bob has specialized in working with residents and fellows early in their careers to set up sound financial and insurance strategies. Bob has leveraged his decades worth of relationships with top insurance companies to deliver discounts to all eligible applicants. DrDisabilityQuotes.com is an interactive website where physicians are able to gain a wealth of knowledge regarding disability insurance and also run instant life insurance comparison quotes from various companies. For your insurance needs contact Bob at info@drdisabilityquotes.com or 973-771-9100.

May 24, 2017
#14: WCI Interviews the Physician on Fire
36:46

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.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Contract Diagnostics. They are a long-term advertiser with us here at WCI. I love this company as they’ve helped hundreds of WCI get a ‘fair shake’ when it comes to reviewing and understanding their employment contracts – its all they do there. All contracts are reviewed by an in-house attorney, and presented in a simplified way back to you. Using custom documentation, compensation data, and times outside normal business hours they make it easy for you. All packages are flat priced so you know what you will pay up front – residents and fellows can even make interest free payments over time.   So look them up – contractdiagnostics.com or 888-574-5526.

May 11, 2017
#13: Fixed versus Variable Rates
20:35

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 situations. The real question is not “variable vs. fixed” but rather “variable vs. variable plus an insurance policy.” Listen to the podcast to help you make this important decision.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

Today's podcast is sponsored by Credible, a marketplace for student loan refinancing. In less than 2 minutes, Credible allows you to compare personalized offers from up to 7 vetted lenders. It's absolutely free to use and requires no hard credit check -- what have you got to lose? 90 seconds is all it takes to see how much you can save. Plus, White Coat readers will receive $350 when they refinance through credible.com/whitecoat. That's credible.com/whitecoat.
Apr 28, 2017
WCI Podcast #12
23:28

Investing in Taxable Accounts -- What You Need to Know.

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.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by DrDisabilityQuotes.com . Bob Bhayani, MBA, is managing partner for a truly independent provider of disability insurance planning solutions to the medical community nationwide. Bob regularly lectures at hospitals and faculties regarding creation of income protection and risk management solutions. Bob has specialized in working with residents and fellows early in their careers to set up sound financial and insurance strategies. Bob has leveraged his decades worth of relationships with top insurance companies to deliver discounts to all eligible applicants. DrDisabilityQuotes.com is an interactive website where physicians are able to gain a wealth of knowledge regarding disability insurance and also run instant life insurance comparison quotes from various companies. For your insurance needs contact Bob at info@drdisabilityquotes.com or 973-771-9100.

Apr 25, 2017
WCI Podcast #11
19:16

Should You Make Roth or Traditional 401K Contributions?

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 isn’t that easy. In this podcast Dr. Dahle discusses the important things you should be considering as you make this decision.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Physician on Fire. Physician on Fire is a multimillionaire and an anesthesiologist in his early 40s who is on the verge of retirement. He has taken the concepts used by FIRE enthusiasts for years: frugality, budgeting, conscious spending, intelligent investing, mobile lifestyles, and an appropriate retirement spending plan and applied them to a physician career track and income. Check it out today at physicianonfire.com.

 

Mar 23, 2017
WCI Podcast #10
18:17

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 build financial success.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by DrDisabilityQuotes.com . Bob Bhayani, MBA, is managing partner for a truly independent provider of disability insurance planning solutions to the medical community nationwide. Bob regularly lectures at hospitals and faculties regarding creation of income protection and risk management solutions. Bob has specialized in working with residents and fellows early in their careers to set up sound financial and insurance strategies. Bob has leveraged his decades worth of relationships with top insurance companies to deliver discounts to all eligible applicants. DrDisabilityQuotes.com is an interactive website where physicians are able to gain a wealth of knowledge regarding disability insurance and also run instant life insurance comparison quotes from various companies. For your insurance needs contact Bob at info@drdisabilityquotes.com or 973-771-9100.

Mar 17, 2017
WCI Podcast #9
22:59

The Four Pillars to Successfully Paying for Children’s Education.

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 important in your scenario than the others, but the larger the contribution from each of them, the easier the task will be.

If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by the White Coat Investor Recommended Financial Advisor page found at http://whitecoatinvestor.com/financial-advisors/
An important mission of the WCI is to connect doctors in need of assistance with financial planning and investment management with the good guys in the financial services industry. These advisors offer good advice at a fair price on a fee only basis. Check it out today under the recommendations tab on the website.

 

Mar 10, 2017
WCI Podcast #8
23:30

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 passive income, explains some tax implications, and shares recommendations for entrepreneurship.

He also answers listeners questions concerning whether or not to avoid the fees on your HSA by keeping money in the account or to invest it all, Roth IRAs for a non-working spouse, and debt negotiation versus bankruptcy with some solid advice for getting out of debt. 

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by LendingHome, an online peer to peer short term mortgage lender. For accredited investors only, these loans have yields ranging from 7 to 16% and have an average LTV of only 70%. All loans are initially funded by LendingHome, ensuring your money earns interest from day one. All loan terms are of 12 months or less, providing a quick return of your capital. Learn more today at https://www.lendinghome.com/investor by calling 1-844-415-4663

 

 

 

Feb 24, 2017
WCI Podcast #7
21:54

Backdoor Roth IRAs and Why You Should Be Funding Them.

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.  Not only does this provide an additional $5,500 each ($6,500 each if you and your spouse are over 50) of tax-protected and (in most states) asset protected space, but it allows for more tax diversification in retirement. That allows you to determine your own tax rate as a retiree by deciding how much to take from tax-deferred accounts and how much from Roth accounts.

In this episode Dr. Dahle also answers listeners' questions about using a physician mortgage loan and prioritizing a mortgage versus paying off debt.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Sofi, one of the world leaders in student loan refinancing. Sofi has been refinancing White Coat Investor readers for several years now and refinances literally dozens and dozens of you each month. Over the last few years they have probably refinanced thousands of you to lower rates, saving millions of dollars in interest for White Coat Investor readers. You can learn more and get the special White Coat Investor deal at www.sofi.com/whitecoat

 

 

Feb 16, 2017
WCI Podcast #6
19:35

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 disability. Dr Dahle outlines critical steps to purchasing disability insurance correctly in this podcast.

Disability insurance is FAR more complicated than term life insurance, and while it may not require a ton of time to understand and purchase a policy, it will require more self-education and a lot more decisions to be made. This episode will further your education and walk you through some of those decisions.

Dr. Dahle also answers questions from readers about when is the cheapest time to buy disability insurance and whether or not you should borrow money to buy disability and life insurance during residency.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Larry Keller, CFP, CLU, ChFC, RHU, LUTCF at Physician Financial Services. Larry is well-known to long-term blog readers from the nearly dozen guest posts he has submitted over the years. He has also worked with literally hundreds of WCI readers to get term life and disability insurance coverage in place. I’ve received tons of favorable feedback and absolutely zero negative feedback about Larry over the years. If you are in need of term life or disability insurance contact Larry at 516-677-6211 or LKeller@physicianfinancialservices.com.

Feb 09, 2017
WCI Podcast #5
17:36

Paying Down Student Loans Versus Investing -- What Should You Do?

Ahhhhh….you’ve finally made it. 4 years in college, 4 years in medical school, 3-5 more in residency, and 1-3 more in fellowship and you’re finally making the big bucks. You’ve just started getting your first 5 figure paychecks and you feel like you have some money that you don’t need to spend on this month’s necessities.  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 studying up on 401Ks and IRAs.  How do you decide when to pay down loans and when to invest? Dr. Dahle will walk you through all the factors that go into this decision and give you some recommendations and a list of financial priorities.
 
He also answers readers' questions about tax loss harvesting and emergency funds.
 
If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by DrDisabilityQuotes.com . Bob Bhayani, MBA is managing partner for a truly independent provider of disability insurance planning solutions to the medical community nationwide. Bob regularly lectures at hospitals and faculties regarding creation of income protection and risk management solutions. Bob has specialized in working with residents and fellows early in their careers to set up sound financial and insurance strategies. Bob has leveraged his decades worth of relationships with top insurance companies to deliver discounts to all eligible applicants. DrDisabilityQuotes.com is an interactive website where physicians are able to gain a wealth of knowledge regarding disability insurance and also run instant life insurance comparison quotes from various companies. For your insurance needs contact Bob at info@drdisabilityquotes.com or 973-771-9100.

Jan 27, 2017
WCI Podcast #4
17:57

The Stealth IRA: A Health Savings Account May Be Your Best Retirement Plan

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 your HSA money? Listen to this podcast for the answers.
 
He also answers readers' questions about big financial advising firms versus small ones, commission salesmen versus actual financial advisors, and options for lowering your tax bill.
 
If you found this podcast useful, visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by DrDisabilityQuotes.com . Bob Bhayani, MBA is managing partner for a truly independent provider of disability insurance planning solutions to the medical community nationwide. Bob regularly lectures at hospitals and faculties regarding creation of income protection and risk management solutions. Bob has specialized in working with residents and fellows early in their careers to set up sound financial and insurance strategies. Bob has leveraged his decades worth of relationships with top insurance companies to deliver discounts to all eligible applicants. DrDisabilityQuotes.com is an interactive website where physicians are able to gain a wealth of knowledge regarding disability insurance and also run instant life insurance comparison quotes from various companies. For your insurance needs contact Bob at info@drdisabilityquotes.com or 973-771-9100.

Jan 27, 2017
3: How to Choose a Financial Advisor
21:15
How to Choose a Financial Advisor
 
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 will help you answer all these questions and more.
 
He also answers readers' questions about backdoor Roth IRAs and refinancing student loans multiple times.
 
If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Andrew McFadden, MBA, CFP, at Panoramic Financial Advice. Panoramic is a virtual advisory firm specializing in the needs of physicians, with a focus on Gen X and Gen Y. Panoramic’s services help physicians chart an organized path to all their financial goals, helping them avoid costly mistakes along the way. Built upon years of experience and a deep understanding of the physician lifestyle, Panoramic is rare in that it can provide expert advice on student loans, taxes, passive investments, retirement planning, employee benefits, insurance, and home purchasing. No asset minimums. Free initial consultation. Can meet virtually with all clients, and in person with California residents. Please contact Founder Andrew McFadden at amcfadden@panoramicfinancial.com or 559-906-0723.

Jan 19, 2017
2: Everything You Need to Know about Whole Life Insurance
23:08

Everything You Need to Know about Whole Life Insurance.

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 statement.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Larry Keller, CFP, CLU, ChFC, RHU, LUTCF at Physician Financial Services. Larry is well-known to long-term blog readers from the nearly dozen guest posts he has submitted over the years. He has also worked with literally hundreds of WCI readers to get term life and disability insurance coverage in place. I’ve received tons of favorable feedback and absolutely zero negative feedback about Larry over the years. If you are in need of term life or disability insurance contact Larry at 516-677-6211 or LKeller@physicianfinancialservices.com.

Jan 19, 2017
1: Refinancing Student Loans
29:59

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 a Q and A addressing topics such as if you should be driving an expensive car, opening an individual 401K, backdoor Roth IRAs, shopping for a mortgage, finding more tax protected space for investing, and investing in the market at all time highs.

If you found this podcast useful visit our blog at http://whitecoatinvestor.com/ for more personal finance and investing information. Find an engaging and helpful community in our forum at http://whitecoatinvestor.com/forums/

This episode is sponsored by Sofi. Hundreds of WCI readers have refinanced their student loans with SoFi over the last 1-2 years saving literally millions of dollars in interest. If you apply via this link, http://www.sofi.com/whitecoat you’ll get paid $300. If you’re smart, you’ll just have them apply that to your loan balance.

Jan 19, 2017