WCI #452: The Case for Self-Employment with Dr. Tod Stillson
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 1 January 2026
⏱️ 82 minutes
🧾️ Download transcript
Summary
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 additional resources: https://www.whitecoatinvestor.com/the-case-for-self-employment-with-dr-tod-stillson-452
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 [email protected] or by calling (973) 771-9100.
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!
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00:00 WCI Podcast #452
05:54 Dr. Tod Stillson Interview
07:27 The Case for Self-Employment
01:09:32 Follow-Up Information from Dr. Tod Stillson
01:17:21 Refinancing Student Loans on 1099
Transcript
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| 0:00.0 | This is the White Coat Investor podcast, where we help those who wear the white coat get a fair |
| 0:04.8 | shake on Wall Street. We've been helping doctors and other high-income professionals stop |
| 0:09.3 | doing dumb things with their money since 2011. This is White Coat Investor podcast number 452, |
| 0:19.0 | The Case for Self-Employment. This podcast is sponsored by |
| 0:23.0 | Bob Bayani at Protuity. He's an independent provider of disability insurance planning solutions to the |
| 0:27.6 | medical community in every state and a longtime white code investor sponsor. He specializes in |
| 0:32.7 | working with residents and fellows early in their careers to set up sound financial and insurance |
| 0:36.6 | strategies. |
| 0:41.6 | If you need to review your disability insurance coverage or just need to get this critical insurance in place, contact Bob. You can do so at whitecoatinvestor.com slash protuity. |
| 0:46.6 | You can email info at protuity.com or you can call 973-771-910. |
| 0:54.0 | Welcome to the new year. |
| 0:55.4 | It's new year, new you. |
| 0:57.0 | It's time to set your new year's resolutions. |
| 0:59.6 | I hope one of them, at least one of your new year's resolutions, is financial. |
| 1:05.0 | Please do something this year to improve your financial life. |
| 1:08.1 | Maybe it is simply to get a financial plan in place. We can help you do |
| 1:11.8 | that, right? Go take our buyer your financial advisor course. Get yourself a financial plan this year. |
| 1:17.4 | If you need to go hire a professional, hire a financial advisor and get your plan in place, whatever it |
| 1:23.0 | takes. Maybe it's you need to simplify things. Maybe you need to get rid of an investment or an investing account or something this year. |
| 1:31.4 | Whatever it is, set one goal, one resolution this week to do. |
| 1:36.2 | It's also about that time of year when a lot of white code investors are doing their backdoor Roth IRA process. |
| 1:44.6 | Please don't screw it up. |
... |
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