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→

Life After Dentistry: Lessons Learned from the Archives (Part 2)

Are you considering retirement in the next few years? Or maybe you don’t have immediate plans to transition out of your dental practice, but the thought of leaving your career is overwhelming. If you’re unsure where to start, a good idea is asking the dentists who have been there. We’re continuing a series where we…Read More→

Life After Dentistry: Lessons Learned from the Archives (Part 1)

Throughout the years, we at N/L Transitions and Dental CPAs have been lucky to work with numerous outstanding dentists as they grew their practices and eventually retired. The transition out of dentistry is a process and has nuances that catch many retiring dentists off guard. We thought it would be timely to reprint some of…Read More→

Dental Practice Transitions: Why Sell If Not Retiring?

You don’t have to be retiring to sell your dental practice. In fact, N/L Transitions has helped many younger dentists who have years left in their career sell their practices. There is no singular model for a dental practice sale, and the seller can easily be a younger owner or a seasoned dentist. Here are…Read More→

To Sell, Or Not to Sell the Accounts Receivable

So, you found a suitable buyer for your dental practice. Congratulations! The hard work of identifying a successor is over. Now comes the tricky part: negotiating the sale. The total purchase price will typically include two numbers: one for your practice, and another for your accounts receivable. When does it make sense to sell the…Read More→

How Female Dentists Can Better Prepare for Retirement

In our last post, we outlined some of the reasons why planning for retirement is a tougher challenge for female dentists. Women are taking more leadership roles in dentistry without sacrificing their family roles. In many cases, the demands of running a dental practice and managing a family can be hard to balance. Saving for…Read More→

Retirement Challenges Facing Women in Dentistry

Being a woman in dentistry can be challenging sometimes, but it is always fulfilling. In few other professions can females create independent wealth and success while improving the health and well-being of other people. And there are more women in dentistry than ever before. Women are graduating from dental schools in nearly equal numbers as…Read More→

Future of Dentistry: Telemedicine?

The concept of telemedicine is catching on quickly, as healthcare professionals realize the positive results and powerful implications of reaching underserved populations, seeing more patients, and improving healthcare. Could dentistry follow suit? Would you want it to? Benefits of Teledentistry Just like medical practitioners, dentists could use live video, remote patient monitoring and patient self-reporting,…Read More→

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