WCWMWhen You are a Resident Physician, Don’t Live Like an Attending Physician- This adage applies to everyone but specifically to newly minted physicians “live within your means”, not your extremes. Building good habits around spending often dictates the projection of your wealth accumulation as you age. When you are making $40-$60K try to minimize additional....
#1 Max our your 401(k) and Optimize the Investments- The most common advice you will hear is to max out your 401(k). Do you wish you could ever do more? You can, having your 401(k)-plan reviewed every 3-5 years is a good way to make sure you have the most cost effective internal expenses on....
Let’s start with how a Donor Advised Fund (DAF) works…Step (1) you open an account up and make a contribution. If you itemize on your tax returns, that contribution can be a tax deduction on this year’s taxes. Step (2) pick your investment mix. You pay the custodian a fee each year (this can range....
Welcome to the most hated economy market cycle in U.S history. One day the market is up and everything is fine and then the Fed comes in with some unnecessary commentary spooking the economy. Basic economic principles indicate that when the economy goes into a recessionary environment consumers or in this case patients turn from....
Every year 1000’s of dental students graduate and find themselves with a multitude of options. Do I go into corporate dentistry, or accept that associateship contract? Usually each of these soon to be dentists are deciding between two or more dental offices. How do you know which contract to accept and which one to reject?....
The Players in a Dental Acquisition Dental Broker Banker (commercial lender) Lawyer (hopefully dental specific) Accountant and Financial Planner (dental specific needed) Buyer Representative The biggest take away from building your team of professionals is that you want them all to be competent in their specific roles. Not one person will know everything about....