In this episode of the Money Meets Medicine podcast, hosted by Dr. Jimmy Turner and his co-host Justin Harvey, they discuss the potential financial consequences of sticking with the wrong financial advisor during one's career and retirement. They emphasize the importance of financial literacy for physicians, highlighting three groups of doctors based on their financial advisory needs: do-it-yourselfers, those who need help with fine-tuning, and those who prefer to outsource entirely. The discussion covers red flags that signal a problematic advisor, such as lack of fee transparency and inadequate knowledge of physician-specific financial needs. They also provide practical advice on how to fire a financial advisor, stressing the importance of being transparent and clear. They conclude with resources for finding the right advisor and emphasize the value of technical competency and integrity in financial advising.

Looking for a good financial advisor? Check out Justin at https://apm-wealth.com/

Need own-occupation disability insurance? Get quotes here: https://moneymeetsmedicine.com.disability

In this episode, hosts Justin Harvey CFP and Dr. Jimmy Turner discuss the financial strategy revealing that $10,000 of income in retirement is equivalent to having $250,000 in retirement savings. They explore how physicians can plan for retirement, potentially requiring less money by generating passive income sources. The discussion includes the FIRE (Financial Independence Retire Early) movement, the 25X rule, and sequence of return risk.

Get disability insurance quotes at https://moneymeetsmedicine.com/disability

Or download a free copy of the best-selling book The Physician Phillosopher's Guide to Personal Finance at https://moneymeetsmedicine.com/freebook

Dr. Jimmy Turner and co-host Justin Harvey reflect on the major financial milestones that doctors often aim for—and why tracking progress matters so much for financial motivation, clarity, and well-being. Join in as they tackle net worth goals, how Jimmy paid off $200,000 in student loans, and other milestones worth celebrating on the physician financial journey.

If you are just getting started on your financial journey, make sure to download a free copy of Jimmy's book The Physician Philosopher's Guide to Personal Finance: https://moneymeetsmedicine.com/freebook

Looking for disability insurance from an agency you can actually trust? Get quotes at https://moneymeetsmedicine.com/disability