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Money Meets Medicine

Money Meets Medicine

Doctor Podcast Network, Jimmy Turner MD 166 Episodes Jul 1, 2026

On Money Meets Medicine, Dr. Jimmy Turner discusses all things career and finance for physicians. With expert guest discussions, he tackles personal finance topics like student loans, financial independence, investing for retirement, and reducing financial stress and burnout. Dr. Turner is a practicing anesthesiologist and author of The Physician Philosopher's Guide to Personal Finance.

Episodes

Why FIRE Isn't the Goal (FIWO) Jul 1, 2026 00:24:54 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
Saving Less Saved My Career (Coast FIRE) Jun 24, 2026 00:22:55 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
Why Many Doctors Live Paycheck to Paycheck Jun 17, 2026 00:25:05 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-fr
Is Loan Forgiveness Worth a $300K Tax Bill? Jun 10, 2026 00:33:36 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
New Student Loan Rules: The $100K Mistake Jun 3, 2026 00:34:32 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 consol
Should You Rent or Sell Your House When You Move? May 27, 2026 00:27:40 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. Most Set It Up Wrong. May 20, 2026 00:31:09 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
New Attending Financial Checklist: Money Mistakes to Avoid May 13, 2026 00:29:49 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
When Can I Get Rid of My Disability Insurance? May 6, 2026 00:24:28 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? W
Why Doctors Work Longer Than They Need To (One More Year Syndrome) Apr 29, 2026 00:29:20 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 resid
Should I Consolidate My Loans, PSLF, and Buying a Home Apr 22, 2026 00:37:11 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 aggressi
Tax Day: How to Save Money on Taxes as a Physician Apr 15, 2026 00:29:55 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) contrib

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