The White Coat Investor: A Doctor's Guide to Personal Finance and Investing (The White Coat Investor Series)

You can learn more about using a HSA as a Stealth IRA at here.

If you are interested in learning how to accurately calculate your own return, I have a blog post on the website that shows how to use the XIRR function in a spreadsheet program like Microsoft Excel to do so. You can find it here.

When you become an attending, you’ll probably want a policy in the range of $2 million to $5 million. You might not want to spend that much as a resident, but at least buy $500,000 to $1 million. A healthy 27-year-old female can buy a $1 million 20-year level term policy for about $400 a year. A 30-year policy will run $550 a year. If you develop a

More information on using a taxable investing account in a tax-efficient manner can be found at here.

Increase your automobile and homeowner (or renter) insurance policy liability limits to several hundred thousand dollars. Then buy an “umbrella” policy on top of it.

Further discussion of whole life insurance and other hybrid insurance/investment products is beyond the scope of this book, but you can learn more here.

I am often asked by physicians about what they should do first.

The Purpose of a Revocable Trust The main benefit of a revocable trust (meaning you can remove your assets from the trust at any time) is that assets placed into a revocable trust do not have to pass through probate. Unlike an irrevocable trust, assets in a revocable trust haven’t been given away, so they don’t help you reduce estate tax due, and t

A Simple Asset Protection Plan Purchase large quantities of liability insurance Title your home properly Maximize retirement account contributions Pay down mortgage in states with strong homestead laws Avoid owning dangerous assets or minimize liability from them Consider a prenuptial agreement and stay married