The Ethics of Asset Protection

PIMD welcomes the White Coat Investor. WCI is a physician-specific personal finance and investing website. The White Coat Investor can help you to become financially literate and disciplined, which will allow you to spend your time and effort on your patients, your family, and your own wellness. WCI truly believes that a financially secure doctor is a better partner, parent, and practitioner. White Coat Investor is an affiliate partner of PIMD. 

When I first started blogging at The White Coat Investor, I thought I’d be writing frequently about asset protection. It was one of the five or six main topics on the blog. Then I discovered the truth about asset protection what most doctors don’t know: it’s incredibly rare to lose personal assets in a malpractice lawsuit. Being a risk-taker by nature, I quit worrying all that much about it, especially when I realized the majority of my net worth at the time was in retirement accounts that had excellent asset protection from my potential creditors.

I’ve still written about asset protection from time to time on the blog, and I speak about it all the time because docs are so interested in it. It’s in the WCI Online Course, and there have been several podcasts dedicated to it. My keynote at WCICON in Las Vegas was entirely…

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