Money Meets Medicine

Doctor Podcast Network, Jimmy Turner MD
  • 4.7 (227)
  • Investing
  • Updated Weekly

On Money Meets Medicine, Dr. Jimmy Turner discusses all things career and finance for physicians. With expert guest discussions, Jimmy tackles the personal finance topics you wish you had learned in medical school. The MMM podcast will help you tackle your student loans, achieve financial independence, invest for retirement, and decrease your financial stress and burnout. To get help with free educational content or obtaining own-occupation disability insurance from a source you know you can trust, visit https://moneymeetsmedicine.com/disability Background: Dr. Turner is a practicing anesthesiologist, author of The Physician Philosopher's Guide to Personal Finance, and Co-Founder of Money Meets Medicine Disability Insurance. For more information, visit moneymeetsmedicine.com

  1. 2d ago

    Trump Accounts: What You Need to Know

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

  2. Jul 8

    Physician Tax Strategy: W2 vs 1099 vs K1

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

  3. Jul 1

    Why FIRE Isn't the Goal (FIWO)

    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.

  4. Jun 24

    Saving Less Saved My Career (Coast FIRE)

    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.

  5. Jun 17

    Why Many Doctors Live Paycheck to Paycheck

    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.

  6. Jun 10

    Is Loan Forgiveness Worth a $300K Tax Bill?

    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.

  7. Jun 3

    New Student Loan Rules: The $100K Mistake

    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.

  8. May 27

    Should You Rent or Sell Your House When You Move?

    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.

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4.7
out of 5
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About

On Money Meets Medicine, Dr. Jimmy Turner discusses all things career and finance for physicians. With expert guest discussions, Jimmy tackles the personal finance topics you wish you had learned in medical school. The MMM podcast will help you tackle your student loans, achieve financial independence, invest for retirement, and decrease your financial stress and burnout. To get help with free educational content or obtaining own-occupation disability insurance from a source you know you can trust, visit https://moneymeetsmedicine.com/disability Background: Dr. Turner is a practicing anesthesiologist, author of The Physician Philosopher's Guide to Personal Finance, and Co-Founder of Money Meets Medicine Disability Insurance. For more information, visit moneymeetsmedicine.com

Information

  • Creator
    Doctor Podcast Network, Jimmy Turner MD
  • Years Active
    2020 - 2026
  • Episodes
    171
  • Rating
    Clean
  • Copyright
    © 2021 - 2026 The Physician Philosopher LLC
  • Show Website
    Money Meets Medicine

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