It’s open enrollment season—Dr. Jimmy Turner and Justin Harvey CFP break down HSAs, retirement plan changes, and pensions to help physicians make smarter benefit decisions without the overwhelm.

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In this episode of Money Meets Medicine, Dr. Jimmy Turner and Justin Harvey answer listener-submitted questions about what to do with your money when you switch jobs or retire. Topics include:

• Old Employer Plans: Should you roll over a 401(k)/403(b) to your new employer plan, leave it, or move it to an IRA? They explain how each option impacts your ability to do backdoor Roth IRAs.

• Home Savings Strategy: Tips for physicians saving for a home purchase—where to park cash for 6–12 months without missing growth potential.

• Solo 401(k) vs. SEP IRA: For side gig income, they break down which one gives you better Roth conversion flexibility.

• Financial Advisor Red Flags: The duo calls out one especially egregious example of poor advisor behavior—and what every doctor should watch out for.

• Extra Pro Tips: Including why not all Roth accounts are created equal, how to simplify your accounts in retirement, and the best ways to avoid “analysis paralysis” when making account moves.

This episode is packed with tactical advice and practical insights for physicians navigating career transitions, early retirement, or side income.

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In this episode of Money Meets Medicine, Justin Harvey and Dr. Jimmy Turner tackle a classic investing question: do high-earning physicians really need bonds in their portfolio?

They break down:

Why Jimmy avoids bonds (less than 5% of his portfolio) and instead leans heavily on diversified index funds.

When bonds can make sense, such as reducing volatility for investors nearing retirement or with specific cash needs.

How bonds actually work: creditworthiness, yields, coupons, and the role of interest rate sensitivity (a.k.a. duration).

The risks of “safe” bonds, including how inflation and rising interest rates can erode returns and undermine their role as a portfolio stabilizer.

Practical strategies: bond ladders, TIPS (Treasury Inflation-Protected Securities), short-duration ETFs, and asset location (where bonds belong in taxable vs. retirement accounts).

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