This podcast is a community of dental professionals who share their knowledge, expertise and experience in order to provide value to you and your dental practice. Our topics will cover practice management, transitions, real estate, accounting, law, financial planning, dental product reviews, marketing and much more! We welcome you to visit us at (https://www.klassolutions.com) to learn more about how we can help you build your dream practice.
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This podcast is a community of dental professionals who share their knowledge, expertise and experience in order to provide value to you and your dental practice. Our topics will cover practice management, transitions, real estate, accounting, law, financial planning, dental product reviews, marketing and much more! We welcome you to visit us at (https://www.klassolutions.com) to learn more about how we can help you build your dream practice.
50. Strategic Financial Planning for Dentists: Insights with Jennifer Lee
Dental Business
40 minutes 47 seconds
4 months ago
50. Strategic Financial Planning for Dentists: Insights with Jennifer Lee
Strategic Financial Planning for Dentists: Insights with Jennifer LeeIn this episode of the Solutions Dental Education Podcast, host Phil Cole discusses financial planning with Jennifer Lee, a seasoned financial advisor and founder of Modern Wealth, who has been helping dentists for nearly 30 years. They cover crucial topics such as tax sheltering, the importance of planning for retirement and an exit strategy, and how to replace income after the sale of a dental practice. Jennifer emphasizes the need for early financial planning, the benefits of having a comprehensive financial plan, and the role of disability and life insurance in securing a dentist's financial future. Tune in to gain valuable insights on building a financially sound dental practice and planning for successful retirement.00:00 Welcome to Solutions Dental Education Podcast00:35 Introducing Jennifer Lee: Financial Advisor for Dentists01:17 The Importance of Planning for Your Exit03:20 Common Financial Mistakes Dentists Make05:41 When to Start Thinking About Retirement08:48 The Ideal Timeline for Exit Strategy18:23 Building Blocks for Replacing Income After Exiting21:57 Long-Term Financial Planning for Dentists22:37 The Role of Insurance in Financial Planning23:34 Building a Strong Financial Foundation26:38 The Importance of Disability Insurance33:05 Financial Planning for Peak Earning Years35:50 Tax Benefits of Relocating to Tax-Favorable States38:32 Conclusion and Final Thoughts
For more information on Coaching, Transitions, Marketing and Accounting for your Dental practice visit https://www.klassolutions.com (www.klassolutions.com)
Dental Business
This podcast is a community of dental professionals who share their knowledge, expertise and experience in order to provide value to you and your dental practice. Our topics will cover practice management, transitions, real estate, accounting, law, financial planning, dental product reviews, marketing and much more! We welcome you to visit us at (https://www.klassolutions.com) to learn more about how we can help you build your dream practice.
