On March 27th, Congress passed the $2 trillion stimulus bill – the Coronavirus Aid, Relief, and Economic Security (CARES) Act – which will provide significant tax and non-tax stimulus to individuals and businesses. Here’s a breakdown of what this bill will mean for businesses, individuals, and our national economy in the wake of the COVID-19...Read More→
N/L Transitions Blog
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→
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→
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→
“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→
Has dentistry started to lose its appeal? Many dentists report loving their job, but for others – well, maybe you’re burned out, maybe dentistry was never really your dream job to begin with, or maybe you’re just ready for a change … but you don’t know what the next step is. How do you figure...Read More→
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→
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→
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→