COVID-19 Update-03-18-20

ATTN CLIENTS: We are sure your emails have been flooded with updates from everyone, however, we’d be remiss if we didn’t share some of the recent developments and provide ongoing tips for those that may be impacted by this crisis. During any time of crisis, knowledge is invaluable so make sure you stay informed with…Read More→

Transition Options: Traditional Ways to Hand Off Ownership of Your Dental Practice

The path to retirement can look different for every dentist. Where you fit depends on your goals, lifestyle, preferences, and management philosophy, among other factors. Dentists who are contemplating retirement and want to know the traditional options to stepping away from their practice, continue reading for practical scenarios that can help achieve your transition goals….Read More→

COVID-19 Tax Relief Legislation – Part 1

Attention Clients: As news changes daily regarding the COVID-19 (Corona) Virus, we are sure all of you have questions regarding tax relief legislation. We are monitoring pending legislation in Congress. The bill that was passed by the House of Representatives last Friday has yet to be approved by the Senate. At this time nothing definitive…Read More→

Determining Needs and Goals: Set Non-Traditional Goals for Your Dental Practice

“I always thought that facing retirement would be easier.” This was a really insightful, honest response from a Townie in a discussion thread about encore careers. This post isn’t about setting typical dental practice goals, like year-over-year growth, new patients, or profit margins. Instead, this post is about setting goals for your transition to retirement….Read More→

How to Embrace Retirement as a Dentist

In our last post, we laid out five common reasons why dentists may fear retirement. Delaying retirement due to an underlying concern can end up being problematic in the long-term. You risk missing out on time with your family, opportunities to travel or fulfill other goals, and enjoy a more relaxed lifestyle without the hectic…Read More→

Why Dentists Fear Retirement

Did you know that at least 30 percent of practicing dentists right now are solo practitioners – and 55 or older? If you fall into those categories and aren’t actively pursuing retirement yet, our challenge to you is to ask yourself why. Why do so many dentists have doubts going into retirement? Research and anecdotal…Read More→

How Much Money Will Dentists Need to Retire Well?

It’s the age-old question with many different answers: how much money do I need for retirement? Dentists face no more investment and savings risks than other people; however, as dentists also tend to earn more money throughout their career, and high-income earners tend to spend more and thus, have a higher cost of living. This…Read More→

Is Early Retirement from Dentistry in Your Future?

Retirement is usually viewed as the goal or reward after a long, successful career practicing dentistry. For most dentists, the average retirement age has crept up to around age 67, up from a few years ago. Many of us may dream about the luxury of an early retirement but aren’t sure it’s financially possible. Some…Read More→

Life After Dentistry: What’s on Your Agenda? How Volunteering Can Fulfill the Desire to Continue Practicing Dentistry

When you finish the exit planning process from your dental practice and the dust has settled from the sale, your retirement officially begins. Congratulations! Or is it? Full retirement isn’t for every dentist. You’re leaving a profession notorious for employing high-achievers and individuals who thrive on problem-solving and interacting with patients daily. Some dentists find…Read More→