MtoM #223: ER Doc Gets His Finances in Order and Finance 101: Donor Advised Funds
Release Date: 05/19/2025
WCI #452: The Case for Self-Employment with Dr. Tod Stillson
White Coat Investor Podcast
Today’s episode dives into a hotly debated topic in physician employment: 1099 work. We’re joined by Tod Stillson, who brings an enthusiastic case for why independent contracting and self employment can open doors and empower doctors in ways traditional employment often doesn’t. Dr. Dahle offers a thoughtful counterpoint, questioning just how impactful 1099 status really is for most physicians. It’s a friendly, engaging conversation with plenty of respectful debate, and we think listeners on both sides of the issue will find something to appreciate—and maybe even reconsider. Tod's...
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MtoM #255: PA Becomes a Millionaire and Finance 101: Backdoor Roth IRA Process
White Coat Investor Podcast
Today we are talking with a PA who has become a millionaire. This PA has a great story and is in his second career and having tons of success. He lives in a high cost of living area but is not letting that slow him down. He got his education paid for with the NHSC scholarship and has zero debt. Now that his career is cruising he has taken up his passion project of becoming a children's book author. After the interview we will be talking about the Backdoor Roth IRA process for Finance 101. David Pedersen's Children's Book: Good Night, Alex is a premier real estate credit investment firm...
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WCI #451: Roth IRAs and 529s
White Coat Investor Podcast
In this episode we tackle more of your questions, starting with a look into Roth strategy, including how TSP Roth in-plan conversions work and what to consider when converting a traditional IRA to a Roth IRA and paying the resulting tax bill. We then briefly hear from our friends at Fox CPAs. From there we shift to 529 plans and explore how to use them effectively, what to do if they become overfunded, and whether having too much in a 529 is really a problem at all. Today’s episode is brought to us by , the folks who help you get your money right. Paying off student debt quickly and getting...
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MtoM #254: Hospitalist Becomes a Full-Time Entrepreneur and Finance 101: Tax Loss Harvesting
White Coat Investor Podcast
Today we are talking to a hospitalist who is giving up partnership at his practice to become a full time entrepreneur. He is excited to be able to practice medicine on his own terms. He has always had an entrepreneur mindset and not long after residency he started buying real estate and ultimately ended up buying six car washes with a plan to acquire 3 more before the end of the year. He is comfortable with leveraging debt and has built an empire that has proven very lucrative. He loves that he is building a legacy that he can leave to his children. After the interview we are talking about tax...
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WCI #450: When You Win the Game, Stop Playing with Bill Bernstein
White Coat Investor Podcast
Today we’re thrilled to welcome back our friend and financial expert Bill Bernstein for a thoughtful conversation about what it really means to “stop playing when you win the game.” We dig into the idea of “enough,” how to know when you’ve reached it, and what changes—financially and emotionally—once you have. This episode offers a candid look at life after reaching your goals and how to invest, plan, and live with greater intention once the game is won. Today’s episode is brought to us by , the folks who help you get your money right. Paying off student debt quickly and...
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MtoM #253: A Dentist Acquires Enough to Run for Mayor and Finance 101: End of Year Giving
White Coat Investor Podcast
Today we are chatting with a dentist who has built enough wealth that he can run for Mayor of his town. He has worked hard to build wealth and his practice and is now only seeing patients a few days a week so he can dedicate more time to making a difference in his town. He hopes to help bring people together at a time when we often focus on our differences. After the interview we are talking about year end giving for Finance 101. is the #1 rated physician contract team, reviewing 1000+ physician contracts every year. They empower physicians with location specific compensation data which leads...
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WCI #449: Unions, ACATS Fraud, Vesting, HSAs, and ETFs: What Doctors Need to Know
White Coat Investor Podcast
Today’s episode tackles a wide mix of practical questions. We explore the pros and cons of unions for doctors, how to protect yourself from ACATS fraud, and what you need to know about vesting rules. We also dig into an asset allocation question, upcoming changes to HSA plans in 2026, and whether it makes sense to exchange a mutual fund for its ETF counterpart. It’s a packed episode with insights you can put to use right away. Today’s episode is brought to us by , the folks who help you get your money right. Paying off student debt quickly and getting your finances back on track isn't...
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MtoM #252: Psych Resident Maxes Out Spousal and Personal IRAs and Finance 101: Boosting Your Income
White Coat Investor Podcast
Today we are talking with a psych resident who has maxed out his personal and spousal IRAs for two years in a row. He found a lucrative moonlighting gig that has helped increase his income. His secret to success is getting educated early so you can get off on the right foot. He shows that you can start building your wealth long before you have reached your max income. After the interview we talking about boosting your income for Finance 101. As a white coat, you have valuable knowledge. . And they’re willing to pay you for it! That’s why we’ve put together a list of recommendations for...
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WCI #448: Smart Retirement Moves for High-Income Professionals
White Coat Investor Podcast
Today’s episode tackles a handful of questions that come up often for high-income professionals planning for the future. We dig into how to optimize your retirement accounts and take advantage of key tax benefits, explore how cash balance plans work inside a group practice, and look at whether a target-date retirement fund ever makes sense in a taxable account. We also talk through what to do with your retirement savings over the next year if you won’t have access to workplace profit sharing until the end of 2026. is committed to helping residents and physicians take control of their...
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MtoM #251: Dermatologist Hits $750,000 Net Worth Before Finishing Residency and Finance 101: The Basics of Real Estate Investing
White Coat Investor Podcast
Today we are talking to a Dermatology resident who has hit a $750,000 net worth before finishing training. He has been building wealth since high school and is off to an unbelievable start. This kind of saving and wealth growth will allow him to craft the career he wants as well as reduce the risk of burnout. He knows the impact of the time value of money and was able to complete his MD PhD program in only six years. After the interview we will talk about the basics of real estate investing for Finance 101. is the #1 rated physician contract team, reviewing 1000+ physician contracts every...
info_outlineToday we are talking with an ER doc who is celebrating getting his financial life in order. He shares his journey of hiring a trustworthy financial advisor and realizing how much he didn't know. He had a general understanding of what he should be doing to build wealth but found he was grateful to have someone help set him up for success. He added that it was exciting to realize how simple it can be to grow your wealth once he had the proper education. He is now on his way to being work optional by 50. For finance 101 we are talking about Donor Advised Funds.
This podcast is sponsored by Bob Bhayani at Protuity. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time White Coat Investor sponsor. He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at https://WhiteCoatInvestor.com/Protuity today, by email info@protuity.com or by calling (973) 771-9100.
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!
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