logo
episode-header-image
Jul 3
1h 1m

WCI #426: A Deep Dive into HSAs

Dr. Jim Dahle of the White Coat Investor
About this episode

Today we are answering a questions about HSAs. We spend time really getting into the details of what an HSA is, who might want to use it when, contribution limits, and what the pros and cons of using an HSA are. We also answer a question about the thrift savings plan and what to do with your retirement accounts when transitioning into active duty in the military.

Today’s episode is brought to us by SoFi, the folks who help you get your money right. Paying off student debt quickly and getting your finances back on track isn't easy, but that’s where SoFi can help — they have exclusive, low rates designed to help medical residents refinance student loans—and that could end up saving you thousands of dollars, helping you get out of student debt sooner. SoFi also offers the ability to lower your payments to just $100 a month* while you’re still in residency. And if you’re already out of residency, SoFi’s got you covered there too.

For more information, go to https://www.whitecoatinvestor.com/Sofi
SoFi Student Loans are originated by SoFi Bank, N.A. Member FDIC. Additional terms and conditions apply. NMLS 696891.

The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!

Find 1000's of written articles on the blog: https://www.whitecoatinvestor.com 
Our YouTube channel if you prefer watching videos to learn: https://www.whitecoatinvestor.com/youtube 
Student Loan Advice for all your student loan needs: https://studentloanadvice.com 
Join the community on Facebook: https://www.facebook.com/thewhitecoatinvestor 
Join the community on Twitter: https://twitter.com/WCInvestor 
Join the community on Instagram: https://www.instagram.com/thewhitecoatinvestor 
Join the community on Reddit: https://www.reddit.com/r/whitecoatinvestor 
Learn faster with our Online Courses: https://whitecoatinvestor.teachable.com 
Sign up for our Newsletter here: https://www.whitecoatinvestor.com/free-monthly-newsletter 

Up next
Today
WCI #427: Dealing with a Disability Claim with Attorney Ben Glass
Today we are talking with Ben Glass, an attorney on our recommended list who helps docs make successful disability claims. Ben talks about what makes for a strong claim, when you might need to get an attorney involved, what mistakes he has seen docs make in the claims process and ... Show More
50m 12s
Jul 7
MtoM #230: Radiologist Hits Early Financial Independence and Finance 101: The Three Pathways to Wealth
Today we are chatting with a radiologist who has hit financial independence just six years out of training. This doc has taken a unique path from being a radiologist with a pain medicine specialty to his methods of making his millions. He is highly invested in crypto, individual ... Show More
24m 4s
Jun 30
MtoM #229: Intensivist Goes into the ICU and Comes Out a Millionaire and Finance 101: How to Know Where You Stand Financially
Today we are talking to a pulmonary and critical care doc who is returning to the podcast for a second interview. He has achieved several milestones including paying off his student loans and becoming a millionaire. This doc also had a big health scare that landed him in the ICU ... Show More
22m 56s
Recommended Episodes
Mar 2025
Millionaire Diaries: From Credit Card Debt to $1M – Briony’s Money Mindset Shift
Welcome to Millionaire Diaries, where Sim chats with millionaires from the Girls That Invest community to uncover the secrets behind their success! Get ready to dive into their stories as they reveal how they turned their dreams into millions. From childhood influences to career ... Show More
39m 32s
Jun 18
Revisiting: A Successful Transition to Investing with Steve Young
This episode originally aired on Feb 20, 2024. Steve Young is most well known for his NFL accolades, but since his retirement from the 49ers he’s built another type of empire as Partner, Chairman and Co-founder of private equity firm, HGGC. In this episode, SoFi's Head of Investm ... Show More
37m 57s
Apr 14
You Can Change Your Financial Life in 6 Months (Here’s How)
In this episode of the Personal Finance Podcast, we are going to talk about how you can change your financial life in 6 months. How Andrew Can Help You: Listen to The Business Show here. Don't let another year pass by without making significant strides toward your dreams. "Master ... Show More
48m 23s
Mar 2025
Breaking the Mold: How Lexi Redefined Her Financial Goals with ChooseFI | Episode 540
Episode 13: Episode 279: Episode Summary: Lexi, a first-grade teacher from Las Vegas, shares her journey into personal finance, revealing how finding ChooseFI empowered her financial goals. Initially focused on homeownership, her perspective shifted during the COVID housing marke ... Show More
43m 33s
Apr 14
You Can Change Your Financial Life in 6 Months (Here’s How)
In this episode of the Personal Finance Podcast, we are going to talk about how you can change your financial life in 6 months. How Andrew Can Help You: Listen to The Business Show here. Don't let another year pass by without making significant strides toward your dreams. "Master ... Show More
48m 23s
Jan 2025
I Read 50 Finance Books - Here’s What Will Make You Rich
This week, Sim shares her top five takeaways from reading over 50 must-read investing and money books, including Andrew Wilkinson's Never Enough and Felix Dennis's How to Get Rich. From the "buy, don't build" philosophy to embracing risks while young, this episode is packed with ... Show More
17m 18s
Nov 2024
What Percentage of Net Worth Should be in Stocks, Old 401(k), Books for Buying Businesses and More! - Money Q&A
In this episode of the Personal Finance Podcast Money Q&A, we're going to talk about what percentage of your net worth should be in stocks, what to do with an old 401k, books for buying businesses and so much more. Today we are going to answer these questions! Question 1: Should ... Show More
32m 39s
May 19
How To Change Your Finances in 1 Week
This week, Sim shares the ultimate 7-day financial glow-up plan to help you take control of your money, build wealth, and live your dream life. From tracking your net worth and cutting back on spending to negotiating a raise and setting up automated investing, this episode breaks ... Show More
31m 20s
Apr 15
Ep. 533 Physician’s Guide to Financial Literacy and Investment Strategies with Dr. Jim Dahle
The road towards financial literacy and financial freedom does not need to be a solo, do-it-yourself, figure it out as it goes type of journey. Guest Dr. Jim Dahle (practicing emergency medicine physician and Founder of the White Coat Investor) joins host Dr. Chris Beck to help b ... Show More
1h 1m
Jul 2023
How To Build 20k In Monthly Passive Income Before 30 Years Old w/ "Money Honey" Rachel Richards
Rachel Richards (Replay Sept 2022) built a real estate portfolio of 38 rental units by the age of 26. She is a 2X bestselling author and has been featured in Forbes, CNBC, and Business Insider. She makes the topic of money management fun, entertaining, and simple for her 450,000+ ... Show More
46m 57s