Investing Tips for Doctors: Avoid This Major Mistake
If you’re a doctor or medical professional, you face more risk than other investors. Learn one of five major mistakes and how to protect your investments.
Physicians and medical professionals face more risk than those working in other fields. Doctors make decisions daily that expose their assets to liability, and addressing this liability is the key to keeping everything you’ve built. Without a strong asset protection gameplan, doctors and other medical professionals leave their assets exposed to plaintiffs’ attorneys and unnecessary taxes.
If you’re a doctor who doesn’t have a strong asset protection and tax planning strategy, the real question is: why? You’ve spent years preparing for your current career with advanced schooling — why leave the fruits of your labor vulnerable?
When it comes to investing, doctors and other medical professionals who don’t have a clear asset protection strategy expose all of their investments to risk in the event of just one lawsuit. Although there are five key mistakes doctors should avoid with their investing, let’s focus on only one for now.
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