Blog
What’s on our mind? You can read about it in our blog. Whether it’s a reminder, educational article or something we found thought-provoking, we hope you enjoy what we post. We’re glad to have you reading along.
What the Tax Deadline Means for Your Retirement Deadline
Every year, we talk to dentists who are so focused on getting their return filed that they miss an equally important question: did you fully fund your retirement plan for last year? For practice owners, the tax filing deadline and...
Read MoreHow a Financial Planner Can Help Dentists
You spent years in dental school. You graduated with the skills to change people's lives - to give them their smiles back, to relieve their pain, to build a practice you're proud of. And then you looked at your student loan balance...
Read MoreHelping Kids Start Saving Early
Ask just about anyone about their financial planning and what they would have done differently, and they’ll answer “I wish I would have started saving sooner”. As parents we’re in a position of being able to...
Read MoreA Meaningful Way to Give at Year-End
Discover a simple, thoughtful way to make your holiday giving go further, especially when donating appreciated assets. Here’s how to give with more impact.
Read MoreYear-End Checklist for Dentists: Key Moves Before December 31st
The fourth quarter always feels like a sprint - patients rushing to use their benefits, year-end staff events, and wrapping up a busy practice schedule. But it’s also the time to check off a few key financial items before December 31st...
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Real Estate in Your Plan: What Dentists Need to Know
How should dentists think about their real estate in a financial plan? Learn how to account for your home, dental office, or investment property in a way that supports long-term goals and retirement.
Read MoreHow to Maximize Your Dental Practice Retirement Plan
Discover how dental practice owners can maximize their retirement plans with plan design, tax-conscious contributions, and Dr. focused benefits—whether you're just starting, growing the practice and building wealth, or nearing retirement.
Read MoreLump Sum or Slow and Steady? A Dentist’s Guide to Investing
As a dentist approaching retirement, the sale of your practice is more than a financial transaction - it’s a turning point. One question we hear often: “Should I invest my lump sum all at once or gradually over time?”
Read MoreRoth Conversions for Dentists - Good Deal or Not?
Roth conversions for dentists can be a smart and proactive tax move if you're strategic about it.
Read MoreMaximizing Tax Benefits for Charitable Giving
With the increase of the Standard Deduction, many clients found that they weren’t itemizing anymore, and discovered they were missing out on the tax benefits of making charitable contributions. Charitable Stacking is a way to fix...
Read MoreWhat is a Back Door Roth IRA?
Making IRA contributions is more complicated than it used to be; there are traditional, non-deductible and Roth IRAs, and each has different income thresholds for eligibility along with rules about whether you or your spouse have...
Read MoreHow Dentists Can Make Mega Backdoor Roth 401(k) Contributions
Dentists can contribute far more to a Roth 401 (k) with the right plan design. Learn how Mega Backdoor Roth strategies can boost retirement savings—up to $70,000+—through profit sharing or post-tax contributions.
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Calculating Breakeven
Calculating breakeven is just the first step in using your financials to help you run your dental practice. By knowing what goes into the calculation you can personalize it for what you want from the practice.
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Financial Health
As a financial planner I like and encourage the pursuit of financial health, and would like to walk you through some ideas for how to get specific if you set Achieving Financial Health as one of your New Year's resolutions.
Read MoreOur Firm Featured on XYPN's Podcast
I am thrilled to be the latest guest on the #XYPNRadio podcast! I had a great conversation with Alan Moore, the CEO and Co-Founder of XY Planning Network, about how I built my Advice-Only firm focused on dentists. You can check out the...
Read MoreHow to Pay a Nanny
Many families have hired a nanny or tutor to help care for children while parents work and to help their kids keep learning after school or if/when schools are closed. Yes, you have to pay a nanny W2 wages, Learn more about nanny payroll.
Read MoreSupporting Adult Children
Grown kids living at home and “sponging” off their parents (receiving financial help) is often the subject of sitcom humor, but in the right circumstances it can actually be helpful. This post is to help parents know what...
Read MoreWhen Can I Retire?
A common question I hear is “when can I stop working?” Not that the client necessarily wants to stop working, they just want to know that they can stop. That would be my definition of financial independence; knowing that...
Read MoreInsurance Check Up
This year has sparked a lot of conversation about insurance. COVID brought the prospect of death to the forefront for some, and many had a temporary loss of income which gave them a glimpse of what life might look like without a...
Read MoreEstate Planning: What is a Revocable Living Trust?
There are many types of trusts, and just as many ways to use them. Most commonly, they are used to control (or allow for someone to control) assets after a person dies. They can also be used to shelter money from estate taxes, avoid...
Read MoreRetirement Timeline: Age-Specific To-Dos and Deadlines
There are a number of dates to be aware of on the way to retirement. Deadlines are triggered by various ages, from age 50, when you can start making catch-up contributions to retirement plans, through age 72 when Required Minimum...
Read MoreSecond Draw PPP: Paycheck Protection Program Part 2
Most dentists we work with took advantage of the first round of Paycheck Protection Program (PPP) loans and HHS funding, and many are now looking at PPP Part 2 and Employee Retention Tax Credits to help make up for lost revenue and...
Read MoreMake your HSA part of your retirement planning
Health Savings Accounts (HSA) have gained popularity as a way to compensate for higher deductibles and out-of-pocket expenses related to Medical Insurance. Think of an HSA as a medical savings account. Your contributions are tax...
Read MoreCharitable Remainder Trusts: 3-for-1 Financial Planning
We’ve been having a lot of conversations about Charitable Remainder Trusts lately, spurred on by concerns about decreasing estate tax limits and changes in IRA beneficiary pay-outs. Charitable Remainder Trusts let you get a...
Read MoreCreate an Emergency Notebook for Organizing Important Papers
It’s officially spring here, we already had the first tornado of the season. Just some minor damage on the outskirts of town, but it makes a person think about getting important papers organized and grab-able in an emergency....
Read MoreFinancial Hygiene Tips for New Practice Owners
Buying a dental practice can be a lot to take on; the new practice owner suddenly has the responsibilities of running the practice stacked on top of doing great dentistry. The financial realities quickly become an important priority in...
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