Most physicians, at one time or another, have worried about malpractice liability, as it is a reality of practicing medicine. In this article, I lay out a three-part solution to the challenge of shielding wealth from potential malpractice claims.

Many young orthopedic surgeons, fellows and residents look at their financial situation and don’t think of themselves as owning any significant assets. This may be understandable, as most young orthopedic surgeons have low income during their training years and, even when having higher incomes once they are in practice, may be saddled with significant debt from student loans.

Inflation is on the rise again. Consumer prices rise again in July, and the all-item Consumer Price Index is up more than 5% year-over-year. But how concerned should investors be? Physicians Financial News® (PFN) sat down with David B. Mandell, J.D., MBA, and Andrew Taylor, CFP, of OJM Group, a wealth management firm, to discuss what physician investors need to know about inflation. The conversation was edited for length and clarity.