It is hard to plan for the future if you don’t know what you want the future to look like. We will take time to learn what really makes you tick and what you dream of accomplishing.
Cash Flow & Budgeting
Cash flow is where it all starts. It sounds fancy, but it is simply looking at how much money comes in versus how much goes out. To help you answer this question, we will work together to inventory and organize all of your finances. After we arrive at an answer we can compare how your current situation compares to your dreams!
Net Worth Tracking
How do you know if you’re succeeding if you don’t know where you started? Net worth tracking provides a system for us to measure the progress you’re making towards your dreams.
How much do you need to weather the storm? We will figure out how much you need in easily accessible savings for emergencies.
Student Loan Planning
You graduated from dental school and went through exit counseling on student loans, but left feeling more confused than ever. At the end of the day, paying off your student loans is the goal, but each person will take a different route. We will look at the different payment plans that are available to you and decide on the plan that best fits your situation.
Paying off credit cards, auto loans, a mortgage and now a loan on a practice? We will work together to determine what balance is healthy.
Purchase a Practice
Buying a practice will be one of the largest financial decisions you make and you want to make sure it is the right fit for you. We will work together to discuss how the practice fits into your long term goals. We will also connect you with a team of experts to help guide you through the necessary steps to make a sound decision.
Notice how this isn’t the first thing on the list? Investments are extremely important in helping you grow your wealth over time and achieve your goals, but it requires a solid foundation. It’s easy to imagine the lifestyle you would have after a great investment that you heard about on TV or from a peer, but how could they know your situation and if it is a good investment for you? We will look at your overall financial situation and dreams to determine the best investment strategy. What type of accounts are best for you? What should you invest in? These are questions that can only be answered after a thorough understanding of where you stand and where you want to be.
Insurance is there to protect you in the case of a large accident. Home owner’s insurance and auto insurance are policies that people don’t think twice about. How about protecting your future income or family? According to Great-West Life & Annuity Insurance Co., underwriter and administrator of the ADA Members Insurance Plans, "1 out of 4 dentists will be disabled long enough to collect benefits at some point before retirement." (Odds of disability determined by Great-West Life in 2013 after studying years of disability claims submitted by insured ADA members.).
As a dentist you are in a position to have a great deal of income and with income, comes taxes. We will review your tax situation and help identify ways to more efficiently position your financial life to reduce taxes. You can count on us being a key team player and communicating the actions we take with your CPA!
Education Savings Plan
Do you want your children to incur the amount of debt you did pursuing an education? Let’s discuss what strategies you can put in place for your young children to reduce the stress of paying for education.
A plan is not only required for you today, but also in case of disability or death. You don’t want your family to have any additional stress because of poor estate planning. We will review the planning you have done and let you know if we see any holes in the plan. If a change is required, we will refer you to an attorney that works with clients like you!