{"id":130880,"date":"2024-08-25T00:30:33","date_gmt":"2024-08-25T06:30:33","guid":{"rendered":"https:\/\/www.whitecoatinvestor.com\/?p=130880#d=202408"},"modified":"2026-04-05T22:37:36","modified_gmt":"2026-04-06T04:37:36","slug":"financial-waterfalls-for-new-residents-and-attendings","status":"publish","type":"post","link":"https:\/\/www.whitecoatinvestor.com\/financial-waterfalls-for-new-residents-and-attendings\/","title":{"rendered":"Financial Waterfalls for New Residents and Attendings"},"content":{"rendered":"

Today's post is inspired by one of our keynote speakers at WCICON25<\/a> and a longtime WCI friend, Sarah Catherine (SC) Gutierrez<\/a>, CFP. At our first conference in 2018, she presented what she calls “The Waterfall” of tax-efficient investing. As you fill one cup, it spills over into the next cup as demonstrated in the first graphic below.<\/p>\n

Let's get more into it, especially as it relates to new residents and attendings.<\/p>\n

White Coat Investor Financial Waterfalls<\/h2>\n

Doctors love this kind of thing\u2014a list that tells them exactly what to do with their money. Reality is a little more complicated than just a list, and a hardcore hobbyist can usually pick a few nits with any list. But they're still pretty useful as a rule of thumb. What I would like to do today is present a “waterfall” for both new residents and new attendings. I'm sure the comments section will be full of nits, which is great. None of this is set in stone. But I think it will still be useful to many readers.<\/p>\n

Here's the original chart, as inspired by SC Gutierrez.<\/p>\n

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Now, let's get to the waterfalls that are specific for residents and new attendings. Be aware that I'm not just talking about money in my “waterfalls;” I'm also talking about time and life energy.<\/p>\n

Resident Financial Waterfall<\/h2>\n