Protecting Your Assets | S4 Ep18

You've invested years building your career and your wealth—but have you invested enough in protecting it? Discover the strategies that can help safeguard your assets, reduce financial risk, and preserve what you've worked so hard to achieve. In this conversation, Dr. Ash Patel sits down with CPA Carole Foos to examine the financial strategies that help physicians protect what they've spent a lifetime building. Drawing on her expertise advising medical professionals, Carole shares practical guidance on reducing financial risk and making informed decisions that support long-term security. Topics Discussed Understanding asset protection for physicians Protecting personal and practice assets Insurance as the foundation of risk management LLCs versus corporations for medical practices State-specific asset protection laws Protecting homes, real estate, and investment assets Retirement account protections Asset protection for employed and private practice surgeons Building a coordinated team of legal and financial advisors Key Takeaway Asset protection isn't about preparing for the worst—it's about making smart financial decisions before problems arise. Establishing the right legal structures, maintaining appropriate insurance, and developing a proactive protection strategy can help preserve your wealth throughout every stage of your career. Bonus Resources OJM Group https://www.ojmgroup.com/ Wealth Planning for the Modern Physician: From Residency to Retirement https://www.ojmgroup.com/books/ About Enhance Your Practice Enhance Your Practice is the official practice management podcast from the American Society of Plastic Surgeons (ASPS), featuring conversations with leaders in plastic surgery on practice management, leadership, innovation, and professional development. Each episode delivers practical insights to help plastic surgeons build successful practices and thrive throughout their careers. Explore more educational resources from ASPS at plasticsurgery.org.