In this episode of "Money Meets Medicine," hosts Justin Harvey and Dr. Jimmy Turner discuss the financial pros and cons of working as a 1099 independent contractor versus a W-2 employee, focusing on tax implications, benefits, and administrative responsibilities. The hosts emphasize the need for professional financial guidance and encourage listeners to carefully weigh all factors—including taxes, benefits, and personal preferences—when evaluating job offers in medicine.

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Timestamps by PodSqueezeCertainly! Here are the top 5 bullet points, keeping the same format, content, and context:

Introduction to 1099 vs W-2 (00:00:00)**

Hosts introduce the episode’s focus: comparing 1099 contractor and W-2 employee pay for medical professionals.

Highlights:

Tax Differences: Employer vs Employee Side (00:07:29)**

Apples-to-Apples Comparison: Taxes, Malpractice, Benefits (00:10:41)**

Complexity and Costs of Self-Employment (00:17:28)**

Rule of Thumb: 1099 Should Pay 20–30% More (00:25:15)**

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The Fed just cut interest rates — but does that mean YOU should refinance your mortgage or student loans? In this episode, Jimmy and Justin break down how rate cuts actually impact real life borrowing costs, what the media gets wrong about “market reactions,” and when refinancing actually makes financial sense. We walk through what break-even math looks like, why refinancing federal student loans can be a massive mistake for doctors, and how to think about future rate cuts that may be coming.

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In this episode of the Money Meets Medicine podcast, hosts Dr. Jimmy Turner and Justin Harvey discuss how financial burdens impact medical professionals' personal lives, academic performance, and career decisions. They explore various studies that demonstrate these effects, covering topics such as increased stress levels, delayed life decisions like marriage and children, negative impacts on academic performance, and challenges faced when managing student loan debt. Additionally, they delve into the ethical concerns related to financial incentives in medical practice. The episode also emphasizes the importance of financial literacy for medical residents and offers practical solutions for incorporating financial education into residency programs, drawing on Justin's experience in delivering such talks.

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