Anesthesia and Critical Care Reviews and Commentary (ACCRAC) Podcast Episode 317: Financial Planning Update for 2025 with Justin Harvey
Sep 21, 2025
Justin Harvey, a Certified Financial Planner and founder of APM Wealth, shares crucial financial insights for anesthesia providers. He discusses the rising compensation and job demand in the field, alongside the trade-offs of pursuing fellowships. Common early-career mistakes like contract oversights and lifestyle creep are highlighted. Justin emphasizes the advantages of term life insurance, effective use of 529 plans for college funding, and maximizing retirement accounts. He also provides an update on student loan forgiveness and recommends engaging reads to enhance financial literacy.
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Anesthesia Pay Is Increasing Fast
- Anesthesia compensation is rising nationwide and outpacing inflation due to supply-demand imbalances.
- Justin Harvey notes high demand ensures most listeners won't struggle to find hire offers.
Think Economically Before Fellowship
- Avoid doing a fellowship solely from insecurity because each extra training year can cost $1–2M of retirement wealth.
- Only pursue fellowship if it materially enhances your long-term career satisfaction or earning potential.
Protect Income With Contracts And Insurance
- Hire a lawyer to review employment contracts and clarify obligations, repayment clauses, and non-competes.
- Increase home, auto, umbrella, life, and disability coverage to protect your future high earnings.
