Dentist Exit Planning Verified listing

Link to referenced article: https://www.advisorperspectives.com/articles/2023/05/17/why-clients-are-attracted-to-complex-investments

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In this episode Dentists, Puns, & Money , we visit with Robert Montgomery III, Esquire.

Robert is an attorney with a specialty focus on the legal and business needs of dentists.

In 1997, Rob founded Your Dental Lawyer , a boutique law firm based in Philadelphia, and he's been working with dentists ever since. 

Among the topics Robert and Shawn discuss: 

• The legal considerations for a dentist selling their practice, including the exit paths most commonly taken.
• The legal documents necessary for a practice transition.
• How practice real estate factors into the deal. 

Rob has worked on over a thousand dental deals during his career, ranging from practice start-ups to equity buy-ins and complex practice acquisitions.

Rob focuses his practice on the legal and business needs of the firm’s dental clients, advising on practice acquisitions
and sales, practice start-ups and lease negotiations, buy-ins, partnership agreements, employment matters, forming
and structuring dental service organizations, operational issues, financing, real estate sales and acquisitions, as well as
general corporate and business matters.

Rob regularly lectures to audiences across the country and is a frequent speaker for Ideal Practices , a highly regarded
national dental practice start-up consulting firm.

Rob is also the co-founder and co-host of The Dental Amigos Podcast.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab. 

More information about Robert Montgomery III and his dental-related connections:

Firm Website: YourDentalLawyer.com
Consulting Website: IdealPractices.com
Podcast Website: TheDentalAmigos.com

Instagram: yourdentallawyer
Facebook:facebook.com/dentallaw
LinkedIn: linkedin.com/in/roberthmontgomeryiii

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

LinkedIn

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In this episode Dentists, Puns, & Money , we talk Roth IRA conversions for dentists.

Roth IRA conversions are a great strategy for dentists looking to reduce their lifetime tax bill owed to the IRS. 

What are the 6 reasons why dentists should consider Roth IRA conversions? 

Why does it make sense for dentists to initiate Roth conversions prior to 2026, if possible?

In the conversation, we also touch on:
 

• Why the upcoming expiration of the Tax Cuts and Jobs Act matters

• Required Minimum Distributions

• Taxation of Social Security

• Ideal timing of Roth conversions for a hypothetical dentist owner

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab. 

Dentist Exit Planning Resources:

About Shawn Terrell
Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

Follow Dentist Exit on Social Media:

Facebook Group for Dentists
Instagram
LinkedIn

Please rate and subscribe to Dentists, Puns and Money on these platforms:

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Our guest is this episode of Dentists, Puns, & Money is Dr. Paul Goodman, otherwise known as Dr. Nacho. 

Dr. Paul Goodman is a dentist, speaker, and dental practice broker. Dr. Paul is a dentist partner partner of a group practice in Mercer County, New Jersey.

He's also the founder of the Dental Nachos Facebook group and Dentist Job Connect. The latter is dedicated to helping dentists find their first job and helping practice owners find associates. 

We cover a number of topics in our conversation, including Dr. Nacho’s latest venture,Dentist Job Connect , which helps dentist job seekers connect with dental practice owners. 

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab. 

 
Contact Dr. Paul Goodman: Text "Nachos" to 215-543-6454

dentistjobconnect.com

dentalnachos.com

About Shawn Terrell
Schedule a Discovery Meeting with Shawn

Please rate and subscribe to Dentists, Puns and Money on these platforms:

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In this episode Dentists, Puns, & Money , we discuss Direct Indexing as an investment strategy.

Many dentists are familiar with the strategy of buying index funds, or indirectly investing in an index. But directly investing in an index is a little different. 

We’ll cover three things in this episode: 

• What’s are the differences between indirectly investing in an index vs. directly investing in an index, fundamentally?

• What are the benefits of directly investing in an index vs. indirectly investing in an index by buying an index fund?

• Why is direct indexing becoming available to more people and becoming more popular than it ever has been in the past?

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab. 

Dentist Exit Planning Resources:

Website:dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

LinkedIn

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In this episode Dentists, Puns, & Money , we talk with Dr. Grace Yum.

Dr. Yum is a pediatric dentist, practice owner, entrepreneur, and mother. She's the founder and CEO of Mommy Dentists in Business, an organization that connects mother dentists around the world.

In 2017, Dr. Yum started a Facebook group called "Mommy Dentists in Business." Its purpose is to have a community where other mother dentists can share the challenges of balancing motherhood with being a clinic dentist and often, a dental practice owner.

But what started out as an informal social media group quickly grew into an actual business. Mommy Dentists in Business now offers hundreds of dentist members continuing education, dental practice owner resources, webinars, and in-person conferences. 

Dr. Yum shares how the growth of the organization changed her future with clinical pediatric dentistry and dental practice ownership.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab. 

 
More information about Dr. Grace Yum and Mommy Dentists in Business:

Website: mommydibs.com
Facebook: facebook.com/MommyDentistsinBusinessMediaNetwork
Instagram: instagram.com/mommydentistsinbusiness
Twitter: @mommydibs

Dentist Exit Planning Resources:

About Shawn Terrell
Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

Follow Dentist Exit on Social Media:

Facebook Group for Dentists
Instagram
LinkedIn

Please rate and subscribe to Dentists, Puns and Money on these platforms:

Subscribe on Apple Podcasts
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In this episode Dentists, Puns, & Money , we talk with Dr. Laura Brenner.

Dr. Brenner left clinical dentistry due to burnout after practicing for ten years. In the process, she started a "side gig" as a blogger.

One of her blogs, "10 Reasons your Dentist Probably Hates You Too" went viral overnight.

And that led Dr. Laura down a new path: working with and coaching burned-out dentists all over the world.

Dr. Laura is the owner of Lolabees Career Coaching , and she's a certified professional coach.

She's also a dental industry and conference speaker. In July 2022, she won Dentistry's Got Talent, a TED Talk-style speaking conference for dental influencers. Listen to the winning speech here.  

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab. 

 
More information about Dr. Laura Brenner and Lolabees Career Coaching:

Website: lolabeescareercoaching.com
Instagram: @drlolabees
Facebook Group: Dentist Side Gigs
Linkedin: linkedin.com/in/laura-brenner-dds-05a7366/

Dentist Exit Planning Resources:

About Shawn Terrell
Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

Follow Dentist Exit on Social Media:

Facebook Group for Dentists
Instagram
LinkedIn

Please rate and subscribe to Dentists, Puns and Money on these platforms:

Subscribe on Apple Podcasts
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The Secure Act 2.0 retirement bill, passed into law on December 23rd, 2022, includes many changes to retirement planning, investment planning, and tax planning.

In this episode Dentists, Puns, & Money , Shawn Terrell shares his Top Ten Takeaways for dentists related to Secure 2.0.

Learn more about: 

• Changes to the age at which Required Minimum Distributions are necessary from retirement accounts. 

• Increases in the amount of "catch-up" contributions those 50 and older can make to their employer retirement plan

• Changes for unused funds in 529 plan accounts. 

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab. 

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

LinkedIn

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In this episode Dentists, Puns, & Money , we're again discussing income taxes and tax diversification. 

We dive into the four ways dentists' income will be taxed, and examples of the action that can be taken for dentists to lower their lifetime tax bill. 

What is tax diversification? How can dentists and dental practice owners think about this topic as they contemplate their exit from clinical dentistry?

Not all income is created equally in the eyes of the IRS. 

So if you are a dentist motivated to pay the least amount of tax over your lifetime, if you’re motivated to be as tax efficient as possible, it really starts with being intentional in how and when you put money in and how you take money out of the four different tax buckets. 

That’s how you come out ahead on taxes. 

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab. 

Dentist Exit Planning Resources:

About Shawn Terrell
Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

Follow Dentist Exit on Social Media:

Facebook Group for Dentists
Instagram
LinkedIn

Please rate and subscribe to Dentists, Puns and Money on these platforms:

Subscribe on Apple Podcasts
Subscribe on Spotify
Subscribe on Google Podcasts
Subscribe on Stitcher
Subscribe on Pocket Casts
Follow us on Instagram

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