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

What tax moves do you need to make before the end of the year so that you don't make mistakes with your taxes? That's what this show is all about!

Are real estate syndications something that doctors should invest in? What do you do if your brokerage account becomes lopsided in a single investment? Is there a best way to invest your annual bonus? All discussed in this episode.

Tag along as we discuss whether doctors should get rid of their life and disability insurance coverage, deciding on Health Savings Accounts, and ways to provide charitable giving (including Donor Advised Funds)

How big should your emergency fund be? Should you use that 457 plan offered by your employer? And what do you do with large one-time payments like a bonus - invest it all at once or put a little into the market at a time?

Tag along as Jimmy and Justin discuss paying extra on loans, part-time work in medicine, and paying for kid's college.

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.

The biggest IPO in history couldn't get into the S&P 500 — and the rule that kept SpaceX out may have quietly saved you money.

Being well compensated as a physician and being fairly compensated aren't the same thing — here's the data.

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.