Money Meets Medicine

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: account...

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...

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 st...

 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-desig...

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...

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-1...

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...

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 Resou...

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 signific...

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 investi...

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 paren...

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 wai...

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:...

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 unpa...

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 personal...

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...

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 mak...

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: Disabi...

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...

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-f...

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 fil...

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 consolida...

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 Harve...

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 unkn...

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...