Money Meets Medicine

One Big Beautiful Bill Impact on Your Finances

Aug 27, 2025
This discussion tackles the financial impact of the 'one big beautiful bill' on physicians, focusing on changes to student loans and tax deductions. It introduces innovative approaches to funding education, such as investing for newborns. The hosts also explore strategies for navigating new tax landscapes tailored to high-income earners and medical professionals in training. Personal anecdotes about travel add a relatable touch, while the influence of AI on medical careers sparks intriguing possibilities. Financial literacy remains a central theme throughout.
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ANECDOTE

Bucket-List Trip To Jade Mountain

  • Jimmy and his wife took a bucket-list trip to Jade Mountain in St. Lucia with friends including their disability agent Mike.
  • He describes the trip as slow-paced, expensive, and unforgettable, celebrating milestone birthdays together.
ADVICE

Raise Disability Coverage After Training

  • Increase your disability coverage when you finish training or your salary changes.
  • Get a quote from Money Meets Medicine if you lack coverage or need to raise limits.
INSIGHT

Newborn Seed Accounts Encourage Financial Literacy

  • The bill seeds $1,000 accounts for newborns (2025–2028) with optional parental top-ups.
  • Justin and Jimmy see educational and financial-literacy benefits from giving children early equity exposure.
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