Explorez tous les épisodes du podcast Money Meets Medicine

In this episode of Money Meets Medicine, Dr. Jimmy Turner and Justin Harvey CFP discuss whether doctors should pay off their mortgage or invest and when it makes sense to pay someone for chores or tasks for the household instead of doing it yourself. 

Resources:

Join the waitlist for the free live personal finance curriculum taught by Jimmy Turner that starts in January: moneymeetsmedicine.com/teach 

Are you a 1099, locums doc, or private practice partner or business owner? You need a tax strategy team. Get 10% off working with the team I use here (Gelt): https://moneymeetsmedicine.com/CPA 

Every doctor needs disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability   

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Snag your copy here: https://moneymeetsmedicine.com/freebook 

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In February 2026, an AI tax-planning launch knocked billions off wealth-management stocks in a single day. So is AI coming for your financial advisor? Jimmy is joined by the original Money Meets Medicine co-host, Ryan Inman, who will now be back once a month. Jimmy uses AI tools every day and shares where they shine and where they confidently get it wrong. Ryan brings the part AI can’t do: accountability. They cover what the data says about how many people now ask AI for money advice, why the behavior gap costs investors more than most fees, who is on the hook when an AI answer is wrong, and how doctors should learn personal finance when the answers are free but the follow-through isn’t. Plus, Ryan shares what he built for this new world at Financial Fellowship.

Resources:

Check out the Financial Fellowship Podcast on Apple or Spotify - Monday episodes will feature Jimmy and Ryan.

Join the waitlist for the free live personal finance curriculum taught by Jimmy Turner that starts in January: moneymeetsmedicine.com/teach

Are you a 1099, locums doc, or private practice partner or business owner? You need a tax strategy team. Get 10% off working with the team I use here (Gelt): https://moneymeetsmedicine.com/CPA

Every doctor needs disability insurance. Get it from a source you can trust: https://moneymeetsmedicine.com/disability

Ryan’s free AI Icebreakers (14 physician money prompts): financialfellowship.com/ai

Unlocked waitlist (Ryan’s accountability membership): financialfellowship.com/unlocked

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Money Meets Medicine, Dr. Jimmy Turner and Justin Harvey CFP discuss two contentious topics: whether doctors should consider getting a prenup when they get married and the financial considerations involved in caring for an elderly or aging parent. 

Resources:

Join the waitlist for the free live personal finance curriculum taught by Jimmy Turner that starts in January: moneymeetsmedicine.com/teach 

Are you a 1099, locums doc, or private practice partner or business owner? You need a tax strategy team. Get 10% off working with the team I use here (Gelt): https://moneymeetsmedicine.com/CPA 

Every doctor needs disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability   

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Snag your copy here: https://moneymeetsmedicine.com/freebook 

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Money Meets Medicine, Dr. Jimmy Turner and Justin Harvey CFP discuss recent ACGME work hour rule changes (what can be done about it), what to do with your 401K/403B when you change jobs, and the best decision matrix to use when making a decision about your career or a job choice. 

Join the waitlist for the free live personal finance curriculum taught by Jimmy Turner that starts in January: moneymeetsmedicine.com/teach 

Are you a 1099, locums doc, or private practice partner or business owner? You need a tax strategy team. Get 10% off working with the team I use here (Gelt): https://moneymeetsmedicine.com/CPA 

Every doctor needs disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability   

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Snag your copy here: https://moneymeetsmedicine.com/freebook 

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

 This week, Jimmy sits down with Bryan Jepson, MD, CFP®, ChSNC®, a retired emergency physician turned financial planner at Targeted Wealth Solutions and a self-described "proud special needs dad" to two adult sons with autism. They cover special needs trusts (first-party vs. third-party), ABLE accounts and the big 2026 changes, which government benefits are means-tested, the beneficiary-designation mistakes that quietly wreck a plan, how to estimate what your child will need after you're gone, and why trustee, guardian, caregiver, and advocate should not automatically be the same person.

Join the waitlist for the free live personal finance curriculum taught by Jimmy Turner that starts in January: moneymeetsmedicine.com/teach 

Check out Jimmy Turner being interviewed on Bryan Jepson’s podcast, The Second Shift.

Special Needs Blueprint from Dr. Jepson: https://www.bryanjepson.com/special-needs-blueprint

Are you a 1099, locums doc, or private practice partner or business owner? You need a tax strategy team. Get 10% off working with the team I use here (Gelt): https://moneymeetsmedicine.com/CPA 

Every doctor needs disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability   

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On this episode, Dr. Jimmy Turner and Justin Harvey CFP answer listener questions about private money lending investment opportunities, how much you should pay your advisor (and the hidden costs most people don’t realize), and the math on making part-time work in medicine financially feasible. 

Join the waitlist for the free live personal finance curriculum taught by Jimmy Turner that starts in January: moneymeetsmedicine.com/teach 

Are you a 1099, locums doc, or private practice partner or business owner? You need a tax strategy team. Get 10% off working with the team I use here (Gelt): https://moneymeetsmedicine.com/CPA 

Every doctor needs disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability   

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Snag your copy here: https://moneymeetsmedicine.com/freebook 

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Your $75K signing bonus might be a bug, not a feature. If there's a clawback, that money isn't really yours yet.

Dr. Jimmy Turner and Justin Harvey CFP tackle three listener questions: what to do with a physician signing bonus you might have to repay, what to do when a scholarship leaves your 529 overfunded, and whether leaving a W-2 job for 1099 work is worth it. Jimmy, who just made the W-2-to-1099 switch himself, gets candid about the workload nobody mentions.

Join the free personal finance curriculum for physicians in training - class start in January! 

Every doctor needs own-occupation disability insurance. Get a disability quote from a source you can trust: 

Want a free copy of The Physician Philosopher's Guide to Personal Finance? Snag your copy here.

Have a question of your own? Email me at jimmy@moneymeetsmedicine.com 

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the Money Meets Medicine podcast, Dr. Jimmy Turner and CPA Spencer Carroll of Gelt discuss why physicians should plan taxes before December 31 rather than focusing only on filing in spring, citing Turner’s unexpected $36,000 tax bill as a consequence of compliance-only CPA work. They explain year-round tax strategy, the value of Q4 projections to avoid penalties and surprises, and key year-end actions such as paying reasonable S-corp salary by 12/31, making employee solo 401(k) contributions by 12/31 (while some employer contributions and certain plan setups can occur by filing deadlines), HSA timing including the “last month” rule, tax-loss harvesting, managing income/expenses, charitable giving strategies like donor-advised funds, and hiring/payrolling kids or spouses before year-end. 

Resources:

Start your Year-End Tax Review with Gelt and get 10% off as a Money Meets Medicine listener: https://moneymeetsmedicine.com/CPA

Every doctor needs own-occupation disability insurance. Get it from a source you can trust: https://moneymeetsmedicine.com/disability

Want a free copy of The Physician Philosopher's Guide to Personal Finance? Snag your copy here: https://moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On this episode of the Money Meets Medicine podcast, hosts Dr. Jimmy Turner and Justin Harvey CFP discuss: 

• Why passive activity loss rules trap syndication losses for W-2 earners — and the "active participant" workaround that fails the New York Times test
• Five ways to unwind a concentrated stock position in a brokerage account
• A step-by-step playbook for what to do with an annual bonus

Resources:

Every doctor needs own-occupation disability insurance. Get a quote from us here at Money Meets Medicine Insurance. An insurance agency created for doctors, by doctors. 

Get a 10% discount off first year's services with the tax strategy team that Jimmy personally uses (Gelt). 

Not sure where to get started on your financial literacy journey? Snag a free copy of The Physician Philosopher's Guide to Personal Finance.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Money Meets Medicine, hosts Dr. Jimmy Turner and Justin Harvey tackle three listener questions on personal finance for physicians. They discuss whether HSA-eligible plans make sense during high healthcare-usage periods like pregnancy, charitable giving strategies including donor advised funds and tax-efficient gifting of appreciated securities, and when physicians with significant net worth should consider stopping life and disability insurance premiums. The hosts emphasize personalized decision-making based on individual circumstances, consistently recommending listeners consult qualified financial professionals before making major financial decisions.

Resources:

• Are you a 1099, locums doc, or private practice partner or business owner? You need a tax strategy team. Get 10% off working with the team I use here (Gelt): https://moneymeetsmedicine.com/CPA 
• Every doctor needs own-occupation disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability   
• Want to get started on your financial literacy journey? Download a free copy of The Physician Philosopher's Guide to Personal Finance.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the Money Meets Medicine podcast, Dr. Jimmy Turner and Justin Harvey answer three listener questions. First, they discuss 457 plans and how to determine if you should be participating in yours, including the three questions to answer to figure it out in your situation. They alos discuss if doctors should have emergency funds and, if so, how large they should be. Finally, they chat about investing bonus money: invest it all in at once? Or let it trickle in through dollar-cost averaging (DCA)?

Resources for this episode:

• Every doctor needs own-occupation disability insurance. Get a quote from Money Meets Medicine Disability Insurance, co-founded by host Dr. Jimmy Turner.
• Are you looking for a new accountant? Check out Gelt, the tax strategy team that Jimmy Turner personally uses. Use this link to get 10% off Gelt's services the first year you work with them.
• Looking to increase your financial literacy, but not sure where to start? Get a free copy of Dr. Jimmy Turner's best-selling book, The Physician Philosopher’s Guide to Personal Finance.
• IRS guide on differences between governmental and non-governmental 457 can be found here.  

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Money Meets Medicine, hosts Dr. Jimmy Turner and Certified Financial Planner (CFP) Justin Harvey tackle three listener questions from the Money Meets Medicine community.
1. Should residents pay extra on their student loans if they are in the new Repayment Assistance Plan (RAP)?
2. What are the financial considerations to make working part-time make sense? 
3. If you are a parent (or plan to be), should you pay for your kid's college education? If you do, how can you make that work given the new federal student loan borrowing limits?

Resources:

• Every doctor needs disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability   
• Are you a 1099, locums doc, K-1 partner, or business owner? You need a tax strategy team. Get 10% off working with Gelt, the team that Jimmy Turner personally uses here (Gelt): https://moneymeetsmedicine.com/CPA
• Looking to get a lower interest rate on your student loans? Check out Juno’s unique student loan Group Negotiation process at https://moneymeetsmedicine.com/Juno 
• Not sure what to do with your student loans? Get $100 off a student loan consult: https://moneymeetsmedicine.com/loans

Have questions of your own? Send them to Jimmy at Jimmy@moneymeetsmedicine.com 

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the Money Meets Medicine podcast, Dr. Jimmy Turner and Justin Harvey discuss how common personal finance advice can be especially costly for physicians and outline six “bad advice” items. They warn that disability insurance company choice matters because applying with the wrong carrier can trigger denials that eliminate access to guaranteed standard issue policies; they also caution against waiting until late in training. They argue that saving 10–15% or just maxing a 401(k) is usually insufficient for doctors with delayed earnings and debt, suggesting higher savings rates based on retirement goals. They note student loan consolidation advice has changed under the One Big Beautiful Build Act and may limit repayment plan eligibility. They criticize “pay off all debt before investing,” explain why renting isn’t necessarily “throwing money away,” and argue that asking if an advisor is a fiduciary is no longer reliable, favoring fee-only transparency.

Resources:

Every doctor needs own-occupation disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability   

Are you a 1099, locums doc, or private practice partner or business owner? You need a tax strategy team. Get 10% off working with the team I use here (Gelt): https://moneymeetsmedicine.com/CPA

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Snag your copy here: https://moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

SpaceX priced at $135 a share, raised $75 billion, and hit an all-time high of $225 within days — then fell to $107. Dr. Jimmy Turner and Justin Harvey CFP break down how index funds actually decide what gets included in the index, why the S&P 500 said no to SpaceX while CRSP and the Russell 1000 said yes, and what that means for the total stock market index fund in your 401(k).

What you'll learn:

• Why an index fund doesn't pick stocks — it follows 3 rules: seasoning, profitability, and float
• How Nasdaq, Russell 1000, and CRSP cut IPO seasoning for SpaceX
• Why your money in an IPO often funds the private investors cashing out on the other side
• What Dimensional's 12-month IPO exclusion says about buying at the offering
• How to handle FOMO before Anthropic and OpenAI potentially go public

Resources mentioned:

• Looking to lower your taxes? Check out Gelt, the tax team Jimmy uses: https://moneymeetsmedicine.com/CPA
• Juno — Looking for a lower interest rate on your student loans?  Use group negotiated rates from Juno here: moneymeetsmedicine.com/juno
• Every physician needs disability insurance. Get quotes from Money Meets Medicine Disability Insurance: https://moneymeetsmedicine.com/disability 
• The Physician Philosopher's Guide to Personal Finance — free book for physicians — moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

28% of physicians say they don't earn enough for what their family needs. The lowest-paid specialty still makes $266,000.

Medscape's 2026 physician compensation report surveyed roughly 6,000 doctors across 29+ specialties, and the numbers tell a stranger story than "doctors are underpaid." Average pay rose 3%, barely clearing inflation, and nine specialties were flat or down. Jimmy and Justin unpack what the data says about physician pay, negotiation, and the 40% side-gig statistic.

What you'll learn:

• Why primary care averaged $298K and specialists $417K — and which specialties outpaced inflation
• What percentage of physicians negotiated their compensation, and how many just took what they were given
• Why "we don't negotiate" pay models push high performers out
• The paradox: 53% feel personally fairly paid, but 61% say the profession is underpaid
• What the 40% side-gig number reveals about autonomy and moral injury

Resources mentioned:

• Money Meets Medicine Disability — moneymeetsmedicine.com/disability
• Need a new CPA or a better Tax Strategy? Get a 10% discount when working with Gelt, the tax strategy team that Jimmy Turner uses: https://moneymeetsmedicine.com/Gelt
• Medscape Physician Compensation Report 2026

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Being able to know the difference between a good and a bad job offer as a physician in private practice involves knowing where the landmines and pitfalls are so that you can avoid them. In this episode, host Dr. Jimmy Turner interviews Michael Johnson, a physician contract attorney at Michael Johnson Legal. 

Resources:

• Get 10% off working with Gelt, the tax strategy team that Jimmy Turner personally uses: https://moneymeetsmedicine.com/CPA
• Every doctor needs own-occupation disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability
• Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Snag your copy here: https://moneymeetsmedicine.com/freebook

What you'll learn:

• What "partnership" truly means in a business context
• The financial realities of partnership tracks, buy-in costs, and ownership structures
• Common pitfalls, including misleading partnership titles, private equity buyout risks, and real estate considerations
• Eight essential questions physicians should ask before committing to a partnership

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Trump accounts — technically the 530A — went live July 4th, and Justin Harvey opened three for his own kids just to see how they work. These accounts are child-owned, they behave like a traditional IRA, and they come with rules most physicians haven't heard yet. 

Tag along with Jimmy Turner and Justin Harvey as they discuss where they actually belong in your savings hierarchy, and who should pass entirely.

Resources:

• Get 10% off working with Gelt, the tax strategy team that Jimmy Turner personally uses: https://moneymeetsmedicine.com/CPA
• Every doctor needs own-occupation disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability   
• Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Snag your copy here: https://moneymeetsmedicine.com/freebook

What you'll learn:

• Why the 530A is closer to a traditional IRA than a 529 — and the basis-tracking problem nobody is warning parents about
• Where Trump accounts rank against 401(k)s, backdoor Roths, and 529s in a physician savings hierarchy
• Who actually gets the free $1,000, and why older kids are treated differently
• The Roth conversion play at age 18 — and the risk of handing an 18-year-old a quarter-million-dollar account
• Why a kid's Roth IRA may teach better money lessons than any government-funded account

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CPA Spencer Carroll joins the show to unpack tax strategy for physicians: why your income type matters more than your income, and where the real savings hide. Whether you're a W-2 employee, a 1099 locums doc, or a K-1 partner, the levers you can pull are wildly different.

What you'll learn:

• Which of W-2, 1099, and K-1 is the best—and worst—way to get paid as a physician
• When an S corp actually makes sense, and how "reasonable salary" really works
• The truth about real estate professional status and the short-term rental loophole, from a CPA who owns rentals himself
• The one red flag that means you're probably overpaying: barely talking to your CPA all year

Resources:

• Head to moneymeetsmedicine.com/cpa to book a complimentary call with Gelt and get 10% off your first year. Subscribe to Money Meets Medicine wherever you get your podcasts, and leave a rating—it helps other physicians find the show.

Disclaimer: This episode is a part of a paid partnership between Physician Philosopher LLC with Better Technologies Inc. (DBA Gelt), a tech-enhanced tax-strategy company.

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Dr. Jimmy Turner cut back to part-time at 35—and ended up on antidepressants. FIRE wasn't the escape hatch he expected.

FIRE—financial independence, retire early—promises an exit from burnout. But what happens when you finally get there and realize you don't know who you are without medicine? Jimmy and Justin make the case for FIWO (financial independence, work optional) instead.

Resources:

Disability Insurance: Every physician needs to get individual disability insurance while in training. Get a quote from Money Meets Medicine Disability Insurance, a company you can actually trust. Built by doctors, for doctors. 

Does your CPA only reach out in March each year and show you a giant tax bill? You need tax strategy, not just tax filing. Click here to get a 10% discount code to work with Gelt, the same tax strategy team that Jimmy personally uses. 

Every physician needs basic financial literacy. Get a free copy of Dr. Turner's best-selling book, The Physician Philosopher's Guide to Personal Finance. 

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What if your first three years as an attending decide whether you work three days a week in your 40s—or six days into your 60s?

Dr. Jimmy Turner burned out early in his career—antidepressants, 1.3 FTE, the works—before discovering the fix: working less. He and Justin Harvey, CFP, break down Coast FIRE, your Wealth Accumulation Rate, and why the savings decisions you make right out of training set a trajectory you'll feel for decades.

What you'll learn:

• Why a ~30% Wealth Accumulation Rate early on can buy you a 3-day clinical week later
• How Coast FIRE lets you save less down the road and still reach financial independence on time
• The two kinds of autonomy—personal and professional—that really drive physician burnout
• A smarter take on "live like a resident" so you can enjoy your income without losing the plot
   

Resources:

Are you a 1099, locums doc, or private practice partner or business owner? You need a tax strategy team. Get 10% off working with the team I use here (Gelt): https://moneymeetsmedicine.com/CPA

Every doctor needs own-occupation disability insurance. Get it from a source you can trust: https://moneymeetsmedicine.com/disability

Want a free copy of The Physician Philosopher’s Guide to Personal Finance? Snag your copy here: https://moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Physicians earning $400K are living paycheck to paycheck—and an 18th-century psychology trap is why. 

Roughly 30% of doctors over 60 don't have $1M in net worth, even counting their home. Justin Harvey and Dr. Jimmy Turner unpack the behavioral-finance forces—the Diderot Effect, lifestyle creep, and leverage—that quietly erode physician wealth, and the simple framework that lets you spend guilt-free while still building real options.

Resources:

• Disability Insurance: Every physician needs Disability Insurance from MMM Disability Insurance. Click here to get a Quote from Money Meets Medicine Disability Insurance
• Looking for a new CPA? Use the one that Dr. Jimmy Turner personally uses and recommends (Gelt). Click here to get a 10% discount code on services when working with Gelt.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

There are two ways to get your student loans forgiven — and the one nobody talks about could leave you with a six-figure tax bill.

Most physicians know PSLF. Far fewer understand taxable forgiveness — the IDR path that hands you a massive tax bill 20 years down the road. Jimmy and Justin break down a real listener question (anesthesiologist + dentist, $400K in loans at 7%) to show why "married filing separately" math isn't as clean as it looks, and why your repayment plan now hinges on a looming July 2026 deadline.

Resources mentioned:

• Looking for a CPA that does more than just file taxes each year? Check out Gelt, the proactive tax strategy partner that Jimmy personally uses, and receive 10% off the first year through the MMM link.
• Get $100 off a Student Loan Consult with Student Loan Planner: moneymeetsmedicine.com/loans
• Looking to refinance your private student loans? Click here to learn how to find the lowest interest rates out there.
• Every physician must get disability insurance before leaving training! Get a disability insurance quote from Money Meets Medicine Disability.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

One student loan decision in the next few weeks could cost — or save — a physician six figures.

On May 1, 2026, the Department of Education finalized the 134-page rule rewriting federal student loan repayment.  Dr. Jimmy Turner goes solo to break down what changed and the moves that protect six figures.

What you'll learn:

• Why the July 1, 2026 cutoff decide whether you keep IBR at all
• The consolidation trap that can permanently lock residents out of IBR
• The RAP interest subsidy that keeps a $300K balance from ballooning during residency
• The RAP-to-IBR playbook for PSLF: which payments count, and when to switch
• Married or in a community property state? How filing separately changes the math

Resources:

• Every doctor needs their own occupation disability insurance. Get it from a source you can trust: https://moneymeetsmedicine.com/disability 
• Have private loans? You should refinance those to the interest rate you can find. To do that, check out Juno: https://moneymeetsmedicine.com/JUNO
• Looking for a new CPA? Use the one Jimmy uses (Gelt). Get a 10% discount when working with them here: https://moneymeetsmedicine.com/CPA
• Looking to save $100 on a student loan consult? Visit moneymeetsmedicine.com/loans

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Becoming an accidental landlord could cost you a six-figure tax bill — or be the smartest move you make. You're finishing training, moving cities, and that house you bought a few years ago — the one with the enviably low mortgage — is suddenly a decision: sell it and pocket the equity, or rent it out and start building "passive income"? It sounds simple. It isn't. Dr. Jimmy Turner and Justin Harvey, CFP®, break down the real math behind renting vs. selling your home as a physician — and the IRS clock most people don't realize is already running.

What you'll learn:

• How Section 121's $500K capital gains exclusion works — and the 2-out-of-5-year rule that quietly creates six-figure tax bills
• Why "I have a 3% mortgage" is golden handcuffs, not a strategy
• The honest cost of becoming an accidental landlord — property management, the 1% maintenance rule, the curveballs
• When renting during a fellowship is a smart, low-risk way to test landlording
• Why real estate tax breaks aren't free — what 1031s and "die-with-it" actually require

Resources

• 1099 Doc, locums, or private practice partner? Upgrade your CPA with Gelt (the tax strategy team Jimmy uses). Use this link to get a 10% discount when working with Gelt: https://moneymeetsmedicine.com/CPA 
• Get Disability Insurance from Money Meets Medicine Disability Insurance — moneymeetsmedicine.com/disability
• Have a question you want discussed on the show? Email me at jimmy@moneymeetsmedicine.com

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

40% of doctors have a side gig — and most are one contract clause away from handing it to their employer. Forty percent of physicians now run a side gig — chart reviews, expert witness work, SaaS tools, real estate, content, consulting. But here's what nobody covered in residency: most are leaving money on the table at tax time, mixing business and personal finances into an unfixable mess, or unknowingly signing away their intellectual property in an employment contract they barely skimmed. In this episode of Money Meets Medicine, Dr. Jimmy Turner and CFP Justin Harvey unpack what physicians actually need to know before they earn their first non-clinical dollar — and what to do once they're already five figures a month in. If you've ever wondered whether you should be an S Corp, whether your hospital can claim your nights-and-weekends project, or whether business ownership is even worth the headache, this one is for you.

Resources:

• Need a new CPA? Work with Gelt, the proactive tax strategy partner that Jimmy uses, and receive 10% off the first year through the MMM link — https://moneymeetsmedicine.com/CPA
• Disability Insurance — Where physicians (especially trainees) can request a GSI quote and learn whether one is available at their program — moneymeetsmedicine.com/disability
• Medscape 2025 Physician Side Gig Survey - https://www.medscape.com/slideshow/doctors-side-gigs-2025-6018502

Episode Summary

An orthopedic surgeon writes in: he's pulling $550K at an academic center and has quietly built an AI-powered prior authorization SaaS now generating five figures a month. What should he be thinking about? Jimmy and Justin use that question as a launchpad into the financial reality of physician non-clinical income — the ups, the downs, and the surprisingly counterintuitive parts.

Jimmy, recently transitioned from 15 years as a W-2 academic anesthesiologist to a 1099 private practice gig, shares why business ownership has been more stressful than running codes — and why he's still glad he did it. He explains why a $30,000 surprise tax bill finally pushed him to bring in a real tax strategy team (not the February-only compliance CPA most physicians settle for), and the difference between the two.

The conversation digs into the Medscape 2025 numbers: 40% of physicians have a side gig, 50% between ages 40 and 50, and 60% say they're doing it for extra income. Most physicians aren't actually trying to leave medicine — they're trying to build enough financial freedom to practice on their own terms. Sometimes a $60,000 side income buys back a day of the week.

Justin pushes on the harder questions: What's your goal? What's the actual ROI once you factor in CPA fees, self-employment tax, and the brain space business ownership demands? Why some physicians thrive in 1099-land and others should sprint back to W-2.

They also walk through the practical setup — the deceptively simple three-step LLC-EIN-bank-account process most physicians overcomplicate or skip entirely — and the contract landmine almost no academic physician thinks about: who actually owns the work you do on nights and weekends. Plus the tax-strategy doors most W-2 doctors don't realize are closed to them: S Corp elections, QBI, solo 401(k)s, cash balance plans, and pass-through entity tax.

If you're already running a side gig or seriously thinking about one, this is the cheat sheet you wish someone had handed you before you started.

What You'll Learn

• Why 40% of physicians now run a side gig — and the real reason most start one (it's not what you think)
• The three-step business setup most physicians overcomplicate: LLC, EIN, separate bank account
• How an employment contract clause can quietly hand your side gig over to your hospital — and how to negotiate it before you sign
• When a tax strategy team actually pays for itself versus when basic compliance is enough
• The ROI math on 1099 income: what your side gig really needs to clear after self-employment tax, professional fees, and added complexity
• Side gigs with lower ceilings but much higher odds of success — and why 90% of online businesses fail

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The 12 to 24 months after residency set the trajectory for your entire financial life — and most physicians get it wrong. In this episode, Jimmy and Justin walk through the financial checklist every new attending needs: why you should start a taxable brokerage account immediately (not just max your retirement accounts), how to build a student loan plan before RAP and IBR rules shift, the backdoor Roth transition, vesting schedules that can cost you tens of thousands, and the lifestyle inflation trap that quietly delays financial independence. You can have anything you want — just not everything.

Resources:

Looking for a CPA that does more than just file taxes each year? Check out Gelt - the proactive Tax team that Jimmy uses: https://moneymeetsmedicine.com/CPA

Every doctor needs own-occupation disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability

Want a free copy of The Physician Philosopher's Guide to Personal Finance?  Snag your copy here: https://moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

There's a point in every physician's career where you can stop paying for disability insurance — and most doctors have no idea when that point arrives. In this episode, Dr. Jimmy Turner and Justin Harvey, CFP® break down the full physician insurance stack and tackle a question they've never covered in 270+ episodes: when (if ever) should you drop your disability and term life insurance policies?

What you'll learn:

• Why own-occupation DI is the #1 financial priority for every doctor — even before paying off credit card debt
• How to make DI affordable on a resident budget
• Why you should secure disability insurance BEFORE term life (an underwriting issue most docs never hear about)
• Tail coverage red flags to negotiate before signing a contract
• The "leverage frame" for keeping coverage after you hit financial independence

Jimmy also shares his own cautionary tale: bad advice from an insurance agent as an MS4 left him permanently uninsurable for DI coverage. Don't let that be you.

👉 Get a quote that includes every option — including GSI policies your program may not know about — at moneymeetsmedicine.com/disability

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The biggest financial mistake high-earning physicians make isn't overspending — it's the exact opposite.

In this episode of the Money Meets Medicine podcast, Dr. Jimmy Turner and Justin Harvey, CFP® dive into one of the most overlooked challenges in physician personal finance: the super saver trap. While most financial advice for doctors focuses on avoiding lifestyle inflation, living like a resident, and preventing the Diderot Effect, Jimmy and Justin tackle the other side of the coin — what happens when financially literate physicians save too much and can't flip the switch to actually enjoy their wealth.

In this episode, you'll learn:

• Why the traditional "live like a resident" advice can backfire for financially literate physicians
• How the 10% Rule allows you to enjoy lifestyle upgrades without sabotaging your financial future
• The identity crisis that hits doctors when they realize they could go part-time, cut back to 3 days a week, or retire early
• Why "one more year syndrome" keeps physicians grinding long after they've reached financial independence
• How to balance saving, spending, and living a life you actually enjoy as a high-income earner
• The values-based decision-making framework Justin uses with clients facing major financial trade-offs (home upgrades, practice ownership, business launches)
• Why dying with too much money is a real risk for financially literate doctors — and how to avoid it
• How to use the Kinder questions to uncover what you actually want from financial independence

Jimmy shares his personal journey of saving over a third of his income early in his attending career, then deliberately scaling back to take a lower-paying job 30 minutes from home so he could coach his kids' baseball team and be present for his family. Justin shares a real client story about a physician weighing a $2.7 million home purchase against time to retirement, work-life balance, and family values.

Whether you're a resident, fellow, early-career attending, or established physician approaching financial independence, this episode will challenge you to ask the harder existential questions: What is enough? When can you flip the switch? And are you using money as a tool — or letting it use you?

Resources mentioned in this episode:

• 🎓 Residents & Fellows: Get disability insurance before you finish training, including any Guaranteed Standard Issue (GSI) policies available at your program → moneymeetsmedicine.com/disability
• 📘 Free book: The Physician Philosopher's Guide to Personal Finance → moneymeetsmedicine.com/freebook
• 🎙️ Subscribe to Money Meets Medicine wherever you listen to podcasts!

Topics covered: physician personal finance, financial independence for doctors, super saver syndrome, one more year syndrome, lifestyle inflation, the 10% Rule, Diderot Effect, physician burnout, going part-time as a physician, disability insurance for residents, GSI policies, financial planning for physicians, behavioral finance, retirement planning for doctors.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Dr. Jimmy Turner hosts a solo Money Meets Medicine mailbag addressing timely physician finance questions, emphasizing that trainees should secure disability insurance before finishing training because guaranteed standard issue (GSI) policies are only available during training and many doctors need them. He explains 2026 federal student-loan changes under OBBBA, advising residents planning aggressive payoff to avoid refinancing in training, exit the defunct SAVE plan, and consider the Repayment Assistance Plan (RAP) for its interest subsidy and flexibility. He warns fourth-year med students pursuing PSLF not to consolidate loans to skip the grace period, because a post–July 1, 2026 consolidation can eliminate IBR eligibility and lead to much higher payments versus IBR’s cap. 

Get $100 off a student loan consult with Student Loan Planner: https://moneymeetsmedicine.com/loans

Every doctor needs own-occupation disability insurance. Get it from a source you can trust: https://moneymeetsmedicine.com/disability

Want a free copy of The Physician Philosopher’s Guide to Personal Finance? Snag your copy here: https://moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the Money Meets Medicine podcast, host Dr. Jimmy Turner and co-host Justin Harvey CFP discuss Jimmy's surprise $36,000 2025 tax bill after household income rose into the $500,000–$1,000,000 range, phasing out tax breaks like the child tax credit and qualified business deduction, and raising his effective rate from ~25% to 31%. 

They review contributors, such as using Roth 401(k)/403(b) contributions (increasing taxable income) and taking the standard deduction after front-loading charitable deductions via a donor-advised fund in 2024. They explain safe harbor concepts, note new tax changes from the “One Big Beautiful Bill Act” (including SALT cap rising to $40,000 but phasing back to $10,000 as income approaches ~$600,000), and emphasize year-ahead planning to manage AGI. And they even discuss one of the most over-hyped opportunities pitched at physicians that you should consider avoiding.

Every doctor needs own-occupation disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability 

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Snag your copy here: https://moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of the Money Meets Medicine podcast, Jimmy discusses how his daughter Grace just earned $120 from her first real babysitting gig — and it sparked a deep dive into the best ways to invest money for your kids. In this episode, Jimmy and Justin break down the major investment accounts available for children, including 529 plans, UGMA/UTMA accounts, custodial Roth IRAs, and the brand-new Trump accounts (plus who actually qualifies for the $1,000 seed money and the $250 Dell-funded option). 

They also share what's actually worked in their own families to teach kids about money — from the three-jar system to Apple Pay allowances to the parent match strategy. Whether your kids aren't born yet or are already earning their own income, you'll walk away with a game plan for building financial literacy and long-term wealth for your family.

Every doctor needs own-occupation disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability 

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Snag your copy here: https://moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Money Meets Medicine, Dr. Jimmy Turner and physician contract attorney Michael Johnson break down the personal finance side of physician compensation. From negative accrual contracts that treat your salary like a loan, to sign-on bonus clawback traps that can lock you into a bad job for years, they cover the financial landmines most doctors never see coming.

You'll learn why some doctors end up owing money back to their employer, how a collections-based pay model left one physician with a six-figure IRS bill, and the sneaky ways sign-on bonuses can limit your career flexibility. Michael also walks through retirement matching pitfalls (and how a change in 401k contributions can quietly cut your compensation by $15,000+), the hidden cost of maternity leave when bonus structures aren't prorated, and why so many physicians in production models stop taking vacations entirely.

Plus, practical strategies for negotiating reduced FTEs, flexible schedules, and better clawback terms — whether you're finishing training or considering a job change.

Topics covered: negative accrual contracts, physician sign-on bonus clawbacks, 401k/403b employer matching, maternity leave compensation, physician contract negotiation, reduced FTE scheduling, collections-based pay, estimated taxes for 1099 physicians, and disability insurance for residents.

Episode Links and Resources
Every doctor needs own-occupation disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability

Want to get a $100 discount to work with Michael Johnson Legal (a physician contract legal team)? Use this link --> https://moneymeetsmedicien.com/negotiate

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Snag your copy here: https://moneymeetsmedicine.com/freebook

 

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, Jimmy and Justin break down the real numbers behind the buy vs. rent decision at every stage of the physician journey — from fourth-year med students who just matched, to residents weighing whether homeownership makes sense during a 3-4 year program, to new attendings figuring out how much house they can actually afford.

They cover Zillow's break-even data (hint: it takes about 4-5 years on average for buying to beat renting), why that number swings wildly by city (Cleveland is ~2 years, San Francisco is 15), the dangers of the "2-3x gross income" rule of thumb in a 6%+ rate environment, and why keeping your mortgage under a third of take-home pay is a better guardrail. Plus: why renting your first year as an attending might be the smartest financial move you make, the risks of physician home loans with no money down, and what self-employed doctors need to know before applying for a mortgage.

Whether you just matched, you're finishing residency, or you're eyeing a job change, this episode gives you the framework to make a housing decision that doesn't wreck your path to financial independence.

Every doctor needs own-occupation disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability 
 

Resources:
Zillow White Paper: Buy Versus Rent

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Snag your copy here: https://moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Dr. Jimmy Turner sits down with Jess Bohorquez, creator of Points by J and wife of an OB-GYN physician, to talk about how medical families can use credit card points to travel more without spending more. Jess left a corporate tech career to build a business helping people maximize credit card rewards, and she's grown her Instagram following to over 200,000 in the process.

In this episode, Jimmy and Jess cover why transferring points out of your credit card's travel portal gets you dramatically more value, how to audit your existing cards to make sure you're actually using the perks you're paying for, and why opening multiple credit cards doesn't destroy your credit score (as long as you're responsible). Jess also shares how she and her husband redeemed 209,000 points for a $13,000 stay at Miraval Arizona, and how they enjoyed over $35,000 in free travel to Hawaii and Japan in a single year.

They also discuss the current credit card landscape, including record-high signup bonuses, recent Hyatt point devaluations, and why now is a particularly important time to stay plugged into your points strategy.

P.S. Are you a physician? Then you need disability insurance. Get a quote from a company you can trust built by doctors, for doctors: https://moneymeetsmedicine.com/disability 

Key topics: choosing a general travel card vs. co-branded cards, the credit card audit spreadsheet method, downgrading vs. canceling cards, booking 11 months out for peak travel dates, the "Plan B refundable fare" hack, and free point search tools like PointsYeah.com, Roame.travel, and MaxMyPoint.com.

Links mentioned:

• Points by J on Instagram: @pointsbyj
• Website: pointsbyj.com
• Email: jess@pointsbyj.com
• Free point search tools: PointsYeah.com, Roame.travel, MaxMyPoint.com

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What if you're saving more than you need to — and burning out in the process? In this episode, Jimmy shares how sitting down and doing the math changed his entire career trajectory, going from 1.3 FTE and antidepressants to part-time at 40 with a $2.1M net worth. Jimmy and Justin break down new research from Bill Bengen on safe withdrawal rates (spoiler: it may be higher than 4%), how to figure out what you actually need to retire, and why your future expenses are probably lower than you think. Plus, Justin shares the advisor's perspective on conservative assumptions, spending flexibility, and the risk of becoming a miser. Whether you're a DIY investor or working with an advisor, this episode will help you figure out your real number — and what to do once you know it.

Download the financial freedom calculator: https://moneymeetsmedicine.com/FIRE

Check out Medical Degree Financial University: https://moneymeetsmedicine.com/MDFU

Every doctor needs own-occupation disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Snag your copy here: https://moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of "Money Meets Medicine," Dr. Jimmy Turner and physician contract attorney Michael Johnson break down physician compensation models, exploring the complexities beyond base salary and signing bonuses. They discuss work RVUs, volume expectations, bonus structures, and the impact of practice setting, geography, and payer mix on total compensation. The hosts share real-world examples, highlight common pitfalls in contract negotiations, and stress the importance of understanding data sources like MGMA. They also emphasize the critical need for disability insurance during training, offering practical advice for early-career physicians evaluating job offers.

Get $100 off a physician contract review with Michael Johnson Legal: https://moneymeetsmedicine.com/negotiate

Check out Medical Degree Financial University: https://moneymeetsmedicine.com/MDFU

Every doctor needs own-occupation disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability 

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Snag your copy here: https://moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Should physicians trade their time for money — or is that equation fundamentally broken? In this episode, we unpack why so many doctors save too much for too long, sacrificing their best years to build a nest egg they struggle to spend. Drawing from Vicki Robin's Your Money or Your Life, Morgan Housel's Psychology of Money, and Bill Perkins' Die With Zero, we explore a healthier framework for thinking about time, money, and financial independence as a physician.

Jimmy also shares a major personal update — after nearly twenty years at Wake Forest, he's making a career change that trades income for autonomy. No more nights, weekends, or holidays, but it comes at a real financial cost. It's the perfect case study for everything we discuss in this episode.

We break down the three stages of a doctor's financial life — from residency where you have neither time nor money, to mid-career where you finally have income but no time, to financial independence where you get both back. The problem? Most physicians get stuck in the middle stage far longer than they need to because of identity inertia, golden handcuffs, lifestyle lock-in, and the fear of earning less.

If you've ever wondered whether you should work less, take the pay cut, or keep grinding toward a number — this one's for you.

Don't forget to:

• Check out Medical Degree Financial University at moneymeetsmedicine.com/MDFU
• Grab a free copy of The Physician Philosopher's Guide to Personal Finance at moneymeetsmedicine.com/freebook or 
• Get an own-occupation disability insurance quote from a source you can trust at moneymeetsmedicine.com/disability

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of "Money Meets Medicine," hosts Justin Harvey and Dr. Jimmy Turner explore the FIRE (Financial Independence Retire Early) movement’s relevance for physicians. They discuss the psychological and practical challenges of pursuing FIRE, such as the importance of purpose beyond early retirement, the impact of extreme frugality on relationships, and the need to align financial goals with personal values. The hosts also highlight the critical role of disability insurance and stress viewing money as a tool for creating a meaningful, balanced life, rather than simply an escape from work.

Every doctor needs own-occupation disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability 

Take one of our free personal finance classes at Medical Degree Financial University: https://moneymeetsmedicine.com/MDFU

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Snag your copy here: https://moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of the Money Meets Medicine podcast, hosts Dr. Jimmy Turner and Justin Harvey discuss how physicians, despite their intelligence, can make grave financial mistakes. They explore the importance of early disability insurance acquisition, share personal anecdotes of financial blunders, and emphasize the necessity of modesty and continuous learning in personal finance. The hosts highlight biases such as complexity bias, authority bias, and myopic loss aversion, which frequently lead to poor investing decisions. They advocate for the importance of having a written investment plan and understanding personal finance basics to avoid blindly trusting financial advisors. The episode concludes with a discussion on the value of intellectual humility and vulnerability in making sound financial decisions.

Want to see if your program has a GSI? Visit https://moneymeetsmedicine.com/list

Every doctor needs own-occupation disability insurance.  To get it from a source you can trust? Visit https://moneymeetsmedicine.com/disability 

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Visit https://moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Dr. Jimmy Turner and Michael Johnson, a physician contract attorney, break down the main types of physician employment: classic academic roles, future business ownership in private practice, and perpetual employment. They discuss the financial and professional implications of each, emphasizing the importance of contract negotiation, student loan strategies (especially PSLF), and understanding practice ownership agreements. Real-life examples highlight risks, benefits, and ethical considerations, equipping physicians with practical advice to align employment choices with their financial goals, values, and desired work-life balance. The episode stresses the need for careful planning and ongoing financial education for medical professionals.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this "Money Meets Medicine" episode, hosts Justin Harvey and Dr. Jimmy Turner discuss the most impactful financial strategies for physicians, drawing on Jimmy’s decade of experience post-training. They highlight the importance of saving 30% of gross income early, leveraging compound interest, and prioritizing high-yield actions like mortgage refinancing. The hosts debunk common myths, such as the overemphasis on backdoor Roth IRAs and real estate investing, and advocate for intentional, personalized financial planning. They also explore creating non-clinical income streams, empowering physicians to achieve financial independence and greater work-life balance.

Take one of the personal finance classes you wish you had in medical school through Medical Degree Financial University: https://moneymeetsmedicine.com/MDFU

Get the financial freedom Calculator: https://moneymeetsmedicine.com/FIRE

Every doctor needs own-occupation disability insurance.  To get it from a source you can trust? Visit https://moneymeetsmedicine.com/disability

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Visit 

https://moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Money Meets Medicine, Dr. Jimmy Turner and Justin Harvey explore the financial and emotional complexities of home buying for physicians after training. They discuss the trade-offs between purchasing move-in-ready homes versus fixer-uppers, managing renovation costs, and understanding return on investment. The hosts emphasize the importance of aligning home-buying decisions with personal values, long-term financial planning, and cash flow realities. They share practical strategies for financing renovations and highlight that homeownership is as much about emotional well-being and lifestyle fit as it is about financial calculations.

Check out Medical Degree Financial University: https://moneymeetsmedicine.com/MDFU

Every doctor needs own-occupation disability insurance.  Get it from a source you can trust: https://moneymeetsmedicine.com/disability 

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Snag your copy here: https://moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of "Money Meets Medicine," Dr. Jimmy Turner and Justin Harvey CFP tackle the often awkward money conversations that arise during family gatherings, especially around the holidays. They share personal stories and professional advice on discussing topics like inheritance, financial support for aging parents, and estate planning. The hosts emphasize the importance of honest communication, setting boundaries, and involving financial advisors when needed. Listeners are encouraged to start these conversations early to prevent misunderstandings, protect relationships, and ensure smoother financial planning within families.

Looking to learn about the personal finance topics every doctor needs to know about? Check out one of our classes inside of Medical Degree Financial University: https://moneymeetsmedicine.com/mdfu 

Every doctor needs own-occupation disability insurance.  To get it from a source you can trust? Visit https://moneymeetsmedicine.com/disability 

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Get your free copy here--> https://moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this kickoff episode of a multi-part series on physician contracts, Dr. Jimmy Turner and attorney Michael Johnson break down why understanding contract terms is crucial for physicians. They introduce the “contract trinity”—work obligations, compensation, and exit strategy—and discuss employer motivations, legal considerations, and common pitfalls like non-competes and clawbacks. Real-world examples highlight the risks of “standard” contracts and the importance of negotiation. The episode emphasizes that contract literacy is essential for career and financial well-being, setting the stage for deeper dives into contract topics in future episodes.

Looking to create a financial plan specific for physicians? Join Medical Degree Financial University: https://moneymeetsmedicine.com/mdfu

Get $100 off a physician contract review with Michael Johnson Legal by booking a time through moneymeetsmedicine.com/negotiate

Every doctor needs own-occupation disability insurance.  To get it from a source you can trust? Visit https://moneymeetsmedicine.com/disability

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Visit 

https://moneymeetsmedicine.com

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of "Money Meets Medicine," Dr. Jimi Turner interviews Dr. Krystal Sodaitis, a physician, executive coach, and luxury cruise podcaster. They discuss the challenges and strengths of neurodivergent physicians, including how ADHD and dyslexia can impact financial decisions. Dr. Sodaitis shares strategies for managing impulsivity and highlights the importance of tailored financial planning. The conversation then shifts to luxury cruising, covering how to choose the right cruise, the benefits of travel agents, and what sets luxury cruises apart. The episode offers practical advice for both neurodivergent professionals and aspiring luxury travelers.

Krystal’s Coaching Website: Neurodiversedocs.com

Krystal’s podcast: luxurycruising.net/podcast

Get a personal finance lessons sent to your email inbox once each week! Join the weekly MMM update: https://moneymeetsmedicine.com/update

Every doctor needs own-occupation disability insurance.  To get it from a source you can trust? Visit https://moneymeetsmedicine.com/disability  

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Visit https://moneymeetsmedicine.com/freebook

___________

Join us for Doctor PodFest in Florida! Go here to secure your ticket: Here

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In this episode of "Money Meets Medicine," Dr. Jimmy Turner shares his journey transitioning from nearly 20 years at Wake Forest to a private practice role at Iredell Memorial Hospital. He and host Justin Harvey discuss the professional, financial, and personal factors behind the move, including healthcare consolidation, contract negotiation, and work-life balance. Dr. Turner reflects on identity, adapting to new clinical environments, and the importance of maintaining professional relationships. The episode offers practical advice for physicians considering career changes, emphasizing thoughtful decision-making, self-advocacy, and aligning work with personal values.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of "Money Meets Medicine," Dr. Jimmy Turner and Justin Harvey CFP share a comprehensive year-end financial checklist for physicians. They discuss maximizing contributions to tax-advantaged accounts, coordinating retirement savings during job transitions, managing tax withholdings and 1099 income, and optimizing investment portfolios through rebalancing and tax loss harvesting. The hosts also cover charitable giving strategies using donor-advised funds, tax planning for self-employed physicians, insurance reviews, and important deadlines for 529 plans, RMDs, and Roth conversions—offering practical advice to help medical professionals finish the year financially strong.

Not sure where to start? Join the once-weekly MMM Update where we send a personal finance lesson of the week to your inbox in addition to that week's content and exclusive deals and discounts: https://moneymeetsmedicine.com/update 

Download a free copy of The Physician Philosopher's Guide to Personal Finance: https://moneymeetsmedicine.com/freebook

Every doctor needs own-occupation disability insurance.  To get it from a source you can trust? Visit https://moneymeetsmedicine.com/disability

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of the Money Meets Medicine podcast, host Dr. Jimmy Turner talks with Paul Sippil, a forensic retirement consultant known as the '401k vigilante.' The discussion focuses on the hidden, layered, and unnecessary fees often found in 401k and 403b plans that cost participants thousands over time. They explore the technical aspects of these fees, the Form 5500, and how small and large practices differ in fee structures. Sippil provides insights into negotiating fees, the roles of various service providers in administering retirement plans, and the importance of employers paying administrative costs to maximize tax benefits.

Learn more about Paul Sippil here --> https://www.paulsippil.com

Get a personal finance lessons sent to your email inbox once each week! Join the weekly MMM update: https://moneymeetsmedicine.com/update

Every doctor needs own-occupation disability insurance.  To get it from a source you can trust? Visit https://moneymeetsmedicine.com/disability

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Visit https://moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This is the 250th episode of the Money Meets Medicine podcast! What better way to celebrate than to talk about Jimmy's financial journey over the last 8 years since finishing training.  In this episode, Jimmy shares some of his family's personal financial milestones and some recent financial wins, including a big tax loss harvesting event. 

Topics discussed on the show:

• Paying off student loans
• Jimmy's family's Net Worth
• Highlighting key financial principles like avoiding the Diderot Effect and leveraging compounding interest. 
• The Big Tax Loss Harvesting event involving Bitcoin.

Looking to get started on your own bitcoin journey? Download Jimmy's Beginner's Guide to Bitcoin here: https://moneymeetsmedicine.com/bitcoin

Need disability insurance but not sure who to trust? Go with the only disability company that works exclusively with physicians (and has an unexpected denial rate <1%): https://moneymeetsmedicine.com/disability

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NASCAR star Kyle Busch is suing Pacific Life after losing millions in a complex index universal life (IUL) insurance strategy—and the lessons for physicians are huge. In this episode, Dr. Jimmy Turner and Justin Harvey break down what happened, why complexity and “trust-based” sales tactics so often burn high-income professionals, and how to protect yourself from misleading financial products and advisors. Whether you’re a physician navigating insurance pitches, investment opportunities, or affinity-based recommendations, this real-world case is a must-listen.

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Every doctor needs own-occupation disability insurance.  To get it from a source you can trust? Visit https://moneymeetsmedicine.com/disability

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Visit https://moneymeetsmedicine.com/freebook

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